A qualification for risk professionals in financial services
Financial Services brochure (pdf 136 Kb)
Employers are now recognising the need to invest in enterprise-wide risk education, instead of relying on piecemeal approaches to market, credit, regulatory and operational risks. A fully enterprise-wide approach will ensure good risk management is effectively incorporated into decision-making processes across the organisation at every level.
This practical qualification addresses these needs, particularly in banking and insurance. The course has been developed by a team of international industry practitioners who, together with leading university and business school experts have imparted their extensive front‐line experience.
- explain the main sources of risk in the banking and insurance sectors
- explain the approaches used by the banking and insurance sectors to manage risk
- understand a typical enterprise‐wide risk model in a financial services organisation
- identify the regulatory drivers that help drive risk management in banking and insurance and be able to explain what regulators are seeking to achieve
- explain the role of the Chief Risk Officer and the risk management function in a financial services organisation
- examine whether the global crisis of 2008 showed weaknesses in the approaches to risk management and regulation in the banking and insurance sectors that were in place at the time
- explain the differences between banks and insurers with regard to risk management matters
- identify the importance of personal and interpersonal skills, incentivisation, communication and ethics in the financial services sector
Who should take the programme?
The course has been designed to provide you with a broad practical knowledge of enterprise-wide risk management techniques relevant to financial services and therefore will be of benefit to those working in:
- banks – retail and wholesale
- insurance – life, general, international and brokers
- regulators and credit rating agencies
- hedge funds and asset management
- actuarial, legal and accounting practices
- aspiring chief risk officers in the financial services sector
- risk management generalists who need to quickly adapt to a financial services environment
This course is not intended to provide an introduction to risk management nor does it teach students to become experts in financial risk management or quantitative techniques. There are no formal prior learning requirements, however, students are expected to have some knowledge of risk management tools and techniques. Students with limited or no risk management knowledge/experience are advised to take IRM's International Certificate before attempting this qualification. In addition, students should be aware that the course is set at post-graduate level. This means that it is set at a level of study which expressly seeks to develop a student’s critical thinking capabilities, but still anchors some part of the work in basic comprehension and understanding.