IRM
Level 5
QN: 610/3240/2
Curriculum Active
IRM's Level 5 International Certificate in Financial Services Risk Management
Official qualification regulated by Ofqual, awarded by IRM. Classified as a Occupational Qualification. Total guided learning hours: 357 hours.
Qualification Level
Level 5
Awarding Body
IRM
Syllabus Units
12 Units
Guided Hours
357 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Corporate governance and risk assurance
Verified
Key Learning Objectives:
- Examine different corporate governance models of organisations
- Understand the impact that board structures have on organisations' approaches to risk management
- Examine the regulatory influences on risk management of organisations
- Examine the roles and responsibilities of the board for risk management
- Understand the role and purpose of internal and external assurance on the control of risks in organisations
2
Financial Risk
Verified
Key Learning Objectives:
- Examine the approaches used to manage and quantify liquidity risk in the financial services sector.2.
- Examine the approaches used to manage and quantify credit risk in the financial services sector.3.
- Examine the approaches used to manage and quantify market risk in the financial services sector.4.
- Examine the approaches used in Value at Risk calculation the limitations and regulatory requirements around internal models.5.
- Examine the approaches used to manage and quantify insurance risk.
3
Introducing Operational Risk in the Financial Services Sector
Verified
Key Learning Objectives:
- Understand the influence of operational risk on the financial services sector.2.
- Understand the regulatory requirements for the management of operational risk in the financial services sector.3.
- Understand the assessment methods in managing operational risk in the financial services sector.4.
- Understand the quantification of operational risk in the financial services sector.5.
- Understand the role of loss data consortiums in the management of operational risk.
4
Key concepts in risk management
Verified
Key Learning Objectives:
- Compare the concepts of risk and risk management using a range of different recognised approaches.2.
- Examine the key developments in the evolution of risk management.3.
- Understand the influence of enterprise risk management on organisational strategy, governance, and resilience of an organisation.4.
- Review the approaches and integrations of different risk management specialisms of an organisation.5.
- Examine different international risk management standards and approaches
5
Managing, monitoring and reporting risks
Verified
Key Learning Objectives:
- Establish what constitutes a real control in managing risks
- Understand the effectiveness of controls to determine how risks are managed
- Understand how risks are monitored
- Distinguish between the risks, controls and processes in need of review in an organisation
- Examine the reporting of risks to both internal and external stakeholders
- Understand how risk decision making styles link to risk appetite, risk tolerance and risk culture
6
Regulation in Financial Services
Verified
Key Learning Objectives:
- Investigate the nature, purpose and general structure of financial services regulation.2.
- Examine the financial services regulatory frame
- work and regulators' responsibilities.3.
- Examine the key regulations and regulators in the financial services sector
- Investigate the application of the three pillars to the financial services sector.5.
- Examine the application of global regulation to the financial services.
7
Resilience
Verified
Key Learning Objectives:
- Examine the role of risk management in organisational resilience
- Examine an organisation's disruptors
- Understand the role of risk management in supporting agility and innovation in organisations
- Determine the most appropriate risk management tools to test the resilience of an organisation
- Understand organisations' viability statements
8
Risk context, objectives and assessment
Verified
Key Learning Objectives:
- Examine an organisation's internal and external contexts
- Understand the importance of framing objectives and key performance indicators
- Examine the risks of an organisation using risk articulation and risk identification techniques
- Establish the significance of the identified risks, linked to risk appetite and tolerance using a variety of techniques
9
Risk culture and appetite
Verified
Key Learning Objectives:
- Understand the value of risk culture for organisations
- Examine the influence of people on the risk culture of an organisation
- Examine the risk culture model of an organisation
- Understand the measurement of a successful risk culture of an organisation
- Examine the risk appetite, risk tolerance and capacity of an organisation
- Examine risk appetite statements of organisations
- Examine the risk appetite criteria and trigger points of an organisation and how these are monitored
10
Specific Operational Risks in the Financial Services Sector
Verified
Key Learning Objectives:
- Investigate cyber and data security risks in the financial service sector.2.
- Examine outsourcing and third-party risk in the financial services sector.3.
- Investigate operational resilience risk in the financial services sector.4.
- Investigate customer/consumer risk in the financial services sector.5.
- Understand other material risks in the banking or insurance sectors.
11
Strategic planning for Enterprise Risk Management
Verified
Key Learning Objectives:
- Examine the principles and attributes of risk management
- Develop an effect risk management strategy for an organisation
- Understand risk management processes
12
Sustainability
Verified
Key Learning Objectives:
- Understand the role of risk management in organisational sustainability
- Examine the evolution of sustainability
- Understand the role of risk management in enabling the sustainability of an organisation
- Understand the impact of climate change risk management on an organisation
Regulatory & Verification Details
- Qualification Number (QN)
- 610/3240/2
- Regulated Status
- Available to learners
- Awarding Body
- IRM
- Qualification Type
- Occupational Qualification
- Operational Start
- Sept 2023
- Operational End
- Jun 2027