International Certificate in Enterprise Risk Management

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Learn Online | 2 Modules | 6-9 Months | 180 - 200 hours per module | MCQ Exam | Essay Assignments

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Risk is part of every business, from the pandemic to cyber threats to supply chain disruptions.

The risks facing organisations are real, and there is increasing demand for qualified and skilled risk professionals who can help improve organisational resilience in an ever-evolving risk landscape.

The Institute of Risk Management's (IRM) International Certificate in Enterprise Risk Management (ERM) is the ideal qualification for anyone looking to gain a solid foundation in the theory and practice of effective risk management. Our revised syllabus and assessments have been developed to meet the demands and needs of risk and business professionals in this new risk era.

There has never been a better time to increase your earning potential and career prospects by gaining an internationally recognised risk management qualification.


What will you learn?

We will provide you with the expertise and practical skills to improve your career prospects.

Our qualification is recognised globally as the industry standard in ERM. The IRM's revised syllabus for the International Certificate in Enterprise Risk Management reflects the new and evolving risk era we are in, ensuring our students are up-to-date with the latest best practices in risk management and have the capabilities to apply them.

You will gain the skills to help develop, adapt, and implement robust risk frameworks to improve your company's resilience.


What is covered in the revised syllabus?

Module One: Principles of Risk and Risk Management

Get an introduction to the principles and concepts of risk and risk management and its development through Enterprise Risk Management using international best practices. Learn why risk management principles and frameworks are the foundation of effective risk management implementation.

Assessment:
- MCQ Exam
- Module 1 Essay Assignment

Module overview:
  • Appraise risk and risk management, aligned to recognised international standards
  • Identify the most appropriate risk management principles, frameworks and processes to use
  • Determine the most important risks of an organisation given its context and objectives
  • Cultivate an organisational environment where risks are effectively managed, monitored, and reported on
  • Set the appropriate level of risk based on an organisation's risk culture maturity
  • Examine the role of risk management within corporate governance and risk assurance

 


Module Two: Practice of Risk Management

Gain the skills and know-how to implement effective risk management to set and deliver on an organisation’s strategy, taking account of its value chain and core objectives. Explore and examine the different risk management approaches to embed risk management and assess the core competencies organisations require from risk professionals and individuals.

Assessment:
- Module 2 Essay Assignment

Download Syllabus »

Module overview:
  • Align the risk management framework with the strategic framework of an organisation
  • Evaluate the role of risk management in achieving the desired aspects of sustainability most relevant to their organisation.
  • Demonstrate how risk management is a vital tool in ensuring organisational resilience
  • Explain the purpose and typical approach to managing risk from a variety of perspectives
  • Determine the appropriate approach to embedding risk management in an organisation
  • Establish relevant risk management competencies of an organisation

 


What They're Saying


Should you study for the International Certificate in ERM?

The International Certificate in ERM is a globally recognised professional certification that can be taken as a stand-alone qualification or forms the first part of the International Diploma in ERM. Whether you are looking to get a grounding or solidify your expertise in risk, this is the ideal qualification for you.

You can learn from anywhere in the world at your own pace via supported distance learning, which includes self-directed study and online coaching.

By enroling you will:

Study ERM Online ERM Module Coaches ERM MCQ Exam ERM Essay Assignments

Study via online distance learning

Get support from module coaches Take multiple-choice exam Submit written assignments

Risk management is an inherent part of good management. By developing your expertise through our qualifications, you will be equipped with the skills to manage organisational risks and seize opportunities to help your business achieve its objectives at lower overall costs.

Enrol here »


By studying for this certificate you will be able to:

  • Recognise the origins and understand the key concepts of risk management
  • Compare and contrast the main risk management standards, such as ISO, COSO, and the Orange Book
  • Develop effective risk management approaches utilising risk principles, frameworks and processes
  • Identify, analyse, and prioritise risks to align with organisational and strategic objectives
  • Evaluate and select the appropriate controls to effectively manage, monitor and report on organisational risks
  • Examine risk appetite and tolerance to determine what a successful risk culture looks like
  • Understand risk management's role and responsibilities regarding corporate governance and regulatory requirements
  • Correlate the risk management framework with the strategic framework of an organisation
  • Assess how sustainability impacts organisational performance and what role risk management plays
  • Illustrate how risk management is a vital tool in ensuring organisational resilience
  • Analyse real-life case studies and identify risk management lessons

How much do you know about Enterprise Risk Management?

Do you know your core other approaches to operational resilience from the difference between taking an enterprise approach to risk management?

Put your knowledge to the test in our enterprise risk quiz.

Take the quiz »


Why the IRM?

IRM is the leading global provider of education and training for risk professionals, enabling and empowering you to make better-informed risk decisions. The institute prepares risk management professionals for the challenges of today and the opportunities of the future.

Our internationally recognised online professional qualifications advance those working and handling risk throughout their careers, with employers across the globe actively looking to hire IRM-qualified risk professionals.

Benefit from our 30 years of experience to supercharge your career and to:

IRM Earning Potential IRM Regonition and Designation IRM Career Prospects IRM Grow Confidence
Increase your earning potential Gain international recognition Improve your career prospects Gain more confidence in your role

 

Enrol here »


How much does it cost?

International Certificate in Enterprise Risk Management (ERM)
Duration: 6-9 Months

Enrolments for the June 2023 student cohort are now open.

Fees Qualification only Qualification + Blended Learning Workshops*
Standard rate £2,195 £3,595
Member rate £1,975 £3,375
Low GDP rate £1,865 £3,265

 

Enrol here »

Blended Learning

Support your studies with our Blended Learning Virtual workshops, designed to help structure your study, reinforce your understanding of the material and improve your chances of exam success.

* Please note blended learning is quoted at £1,400, giving you access to all four workshops - workshops can be booked separately click here to find out more.

Group enrolments

Discounted rates are available for groups of 10 or more employees enrolling for the same session from the same organisation.

For further details please click here or contact our Business Development Manager - Joanna Kraska on +44 (0) 20 7709 4177 or email joanna.kraska@theirm.org.


 

What is included in the fees?

You can study for the International Certificate in Enterprise Risk Management through self-directed distance learning. Distance learning gives you the flexibility to study at home at your own pace. Our extensive global network of examination centres means you can study and take your multiple-choice examinations for module one anywhere in the world. Your assignments can be submitted online through our virtual learning environment

ERM Online Learning ERM Student Handbook ERM Discussion Forum
Online Learning Student handbook

Discussion forum

 

ERM Module Coaches ERM Revision Videos ERM Online Resource Center
Module coaches Revision webinars and videos Online resource centre

 

ERM sample MCQ questions ERM Student Support ERM Student Membership
Sample MCQ exam questions Dedicated student support Student membership

 

Please note: Core textbooks for this qualification are not included in the course fee and need to be purchased separately.


What's new and changed in the revised syllabus?

Content:

  • Updated material to reflect changes to international regulatory frameworks with an emphasis on the applicability of enterprise risk management across all sectors
  • Additional content on organisational sustainability and resilience, black swan events such as Covid-19, how risk management support agility and innovation and organisational resilience testing tools
  • New dedicated unit on how the risk practitioner adds value to organisations
  • Focusing on some of the biggest risks facing organisations including Environmental, Social and Governance (ESG) and Climate Change
  • Employer-led content and assessments to enable you to apply your learnings to your role

Delivery

  • New style assessments combining an MCQ exam and three essay assignments designed to demonstrate effective learning
  • Developed and written by experienced, expert risk practitioners in conjunction with other practitioners, clients, and past students

Enrol here »


Key dates

International Certificate in Enterprise Risk Management - June 2023 Assessments Timetable

Date Activity
07 Sept 2022 Enrolment opens
Sept 2022 Access to the virtual learning environment (Moodle)
Sept 2022 Receive revised course materials
31 Dec 2022 Enrolments close
03 Jan 2023 The official study period starts
19 - 23 June 2023 Principles of Risk and Risk Management (1) - MCQ exam*
09 June 2023 Principles of Risk and Risk Management (1) - 1x Module 1 assignment**
09 June 2023 Practice of Risk Management (2) - 2x Module 2 Assignment**

(*) Students can select their preferred date with the exam week to sit their Module 1 exam at a Pearson Vue Test Centre.

(**) Students must submit their assignments for Module 1 and Module 2 by 09 June 2023. The virtual learning environment provides detailed guidance on assignment submission and assessment.


How to enrol

There are no formal entry requirements, and this certificate is relevant to all sectors globally. It is recommended that students have some basic understanding of risk management tools and techniques.

ERM Entry Requirements ERM Global exam centers ERM Industries ERM All Levels
No formal entry requirements Access to 5000+ global test centres Relevant to all sectors Applicable to all levels and roles

 

 

IRM's qualifications are delivered and assessed in English. If English is not your first language, we recommend you have an Academic IELTS score of 6.0 (with no elements less than 5.5) or equivalent evidence of competence in the English language before beginning your studies.

Submit your online enrolment and a member of the student support team will get in touch with you to onboard you to the qualification.

Enrol here »


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  1. June 2023 Assessments
Exam session Enrolment window
07 Sept 2022 Enrolment opens
Sept 2022 Access to the virtual learning environment (Moodle)
Sept 2022 Receive revised course materials 
31 Dec 2022 Enrolments close
03 Jan 2023 The official study period starts
19 - 23 June 2023 Principles of Risk and Risk Management (1)  - MCQ exam*
09 June 2023 Principles of Risk and Risk Management (1) - 1x Module 1 Assignment**
09 June 2023 Practice of Risk Management (2) - 2x Module 2 Assignments**

(*) Students can select their preferred date within the exam week to sit their Module 1 exam at a Pearson Vue Test Centre

(**) Students must submit their assignments for Module 1 and Module 2 by 09 June 2023. Detailed guidance on assignment submission and assessment is provided in the virtual learning environment.

Exam session Enrolment window
December Exams 1 February - 31 May
June Exams 1 July - 31 December 

Please note that the enrolment is not an enquiry form or an expression of interest. By completing the online enrolment application you are enrolling as a student on to the course for the qualification and must pay the course fees; you will be asked to pay your full course fees by debit/credit card (MasterCard or Visa) at the end of this online application.

Alternatively, if your organisation is sponsoring you and has already agreed to cover the cost of your course fees and needs an invoice raised you can select this option. Please ensure that you have all of the correct invoicing details before starting this process - information you will need from the person agreeing to sponsor you includes a PO number, invoicing email address, and invoicing postal address. A PO cannot be accepted as an enrolment, and an enrolment form will need to be completed as well as submitting a PO.

If your organisation is sponsoring your course fees, please ensure that this has already been agreed upon before starting the enrolment process, as once the enrolment form has been submitted, full payment is required.


What happens once the qualification has been completed?

Successful completion of the International Certificate in ERM means you'll become a Certificate Member (IRMCert) and can progress on to the International Diploma in Risk Management; this is the first step of the journey to becoming a Certified Member of the IRM (CMIRM).

How long does it take to complete?

There are two enrolment periods each year, and you should consider the time commitment for study before enroling on the courses.

You can complete the Certificates within 6-9 months, and the study time available will depend on when you confirm your enrolment.

If you enrol later in the enrolment period, you will need to consider the amount of time remaining to study for the scheduled assessment session.

Can the modules be split across different assessment sessions?

The International Certificate in ERM consists of two modules which are studied together. You must complete the assessments for both modules in the same session.

For example, you cannot sit one module in June and the following module in November.

Is there a time limit to complete the qualification?

You have a maximum of two years to complete the Certificate and must do so within 3 consecutive sessions.

(e.g. If you enrol for the June session, you will then have the following December & June sessions to complete the qualification or if you enrol for the December session, then you have the following June & December sessions).

The first attempt is included with your enrolment fee. Any subsequent attempts will be considered a re-sit and you will be required to pay the re-sit fee for each attempt.

After this point, you will be required to re-enrol and pay a further enrolment fee.

When do the assessments take place?

There are two enrolment periods each year, with the corresponding assessment sessions:

 

Enrolment Period Assessments Session
1 July - 31 December June (following year)
1 February - 31 May November / December (same year)

No enrolments will be accepted after the enrolment deadline

Can I defer my assessments once I have enrolled and paid for my course?

We do not offer deferrals as such examinations or assignment submissions.

Are the textbooks included in the fee?

You will need to purchase the book separately. A list of the required textbooks will be forwarded to you via email upon enrolment confirmation.

Progression

Successful graduates automatically become Certificate Members (IRMCert). You will also have met the prerequisite for acceptance on to the International Diploma in Risk Management.

Student membership

When you enrol on the Certificate you will automatically be registered as a student member of the IRM for the duration of the qualification, or until you complete the course whichever comes first.

(This doesn't apply if you are already a member of the IRM in a higher membership grade.)

Group enrolments

Discounted rates are available for groups of 10 or more employees enrolling for the same session from the same organisation. For further details please contact our Business Development Manager - Joanna Kraska.

 +44 (0)20 7709 4117 

 joanna.kraska@theirm.org


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