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Certificate in Operational Risk Management

Increase earning potential and protect your companies future


Institute of Risk Management (IRM)

Summary

Price
£500 inc VAT
Study method
Distance learning
Duration
150 hours · Self-paced
Certification
Certificate in Risk Management
Professional certification What's this?
Additional info
  • Exam(s) / assessment(s) is included in price

Overview

The Institute of Operational Risk (IOR) Certificate in Operational Risk Management (CORM) is the ideal qualification for anyone looking to develop an understanding of operational risk management.

This externally accredited RQF Level 4/EQF Level 5 course is a self-study workbook supplemented with workplace reflection and learning activities, providing candidates with a foundation in operational risk management.

Certification

Certificate in Risk Management

Course media

Resources

  • Certificate in Operational Risk Management course sample - download

Description

The aim of the material is to provide students with an introduction to operational risk management, the tools used in the process, and how operational risk management fits into the wider risk management of the firm. The qualification is designed for students who have completed secondary education. Relevant work experience would be useful but is not essential.

On completion of this course, the learner will be able to:

  • Explain the role of operational risk management.
  • Understand operational risk governance arrangements.
  • Understand and know how to use the key operational risk tools.
  • Describe the impact of regulation on operational risk

Who is this course for?

Anyone.

Requirements

You do not need any prior qualifications or experience to start your studies.

Career path

With an IRM qualification, you would accelerate your risk career towards some of these potential job roles and their average salaries.

Job title and average salary:

Risk manager £56,732

Head Of Risk £97,244

Risk Analyst £40,000

Risk Associate £59,400

Risk Director £130,000

Questions and answers

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.