International Certificate in Financial Services Risk Management

Become an IRMCert:
Learn Online | 2 Modules | 6-9 Months | 180 - 200 hours per module

Act fast - enrolments for the December 2023 student cohort close 31st May 2023.

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The International Certificate in Financial Services Risk Management is the ideal qualification for anyone in the financial services sector looking to gain a solid foundation in the theory and practice of effective risk management.

In today's uncertain climate and rapidly evolving risk landscape, financial services companies are facing increasing pressure to have the capabilities to stay up-to-date and meet international regulatory developments such as Basel III and Solvency II.

Improve your career prospects by being at the forefront of your organisation's efforts to manage and mitigate risks during uncertain times. You will develop the skills to identify, classify, analyse, and treat financial services risks.

What will I learn?

We will provide you with the expertise and practical skills to enhance your earning potential. This globally recognised certification will help you better understand the multi-disciplinary nature of risk management within a financial services organisation. You will gain the know-how to examine how corporate governance and risk assurance might influence risk architecture.

Over 6-9 months, you will study:

Module One: Principles of Risk and Risk Management in Financial Services

Gain insights into the principles and concepts of financial services risk and risk management. Learn the impact of international and regulatory standards and how to classify your organisational risks by examining how the models or frameworks are utilised to identify, assess, and treat financial services risks.

Module overview
  • The concepts and definitions of risk and risk management
  • Risk management standards
  • Enterprise risk management (ERM)
  • Risk assessment, identification, analysis, and evaluation
  • Risk responses and risk treatment

Module Two: Practice of Risk Management in Financial Services

Get the skills and know-how to evaluate the impact of the business environment on organisational risk in the financial services sector. Explore the significance of risk culture, appetite, and tolerance within your current risk management programme and practices.

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Module overview
  • The global business environment
  • Risk strategy and framework
  • Risk culture, appetite, and tolerance
  • Risk and organisations
  • Risk assurance and reporting
  • Case studies in organisational risk management

What our students from around the world say: 

FSRM Testimonial

Should you study for the International Certificate in Financial Services Risk Management?

The International Certificate in Financial Services Risk Management is a globally recognised professional certificate awarded by the IRM. Whether you are looking to get grips with the general risk assessment considerations and techniques used in financial services, 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 enrolling you will:

IRM Supply Chain Risk Duration Study online  IRM Supply Chain Risk Module Coaches  IRM Supply Chain Risk Multiple Choice
Qualify in
6-9 months
Study via online
Get support from
module coaches 
Take multiple-choice

Risk management is an inherent part of good management. By developing your expertise through studying our certificate, you will be equipped with the right skill-set to face.

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Put your financial services risk knowledge to the test:

Do you know: What was the primary reason Lehman Brothers failed? Which Pillar of Basel III/Solvency II are banks and insurance companies required to disclose details of capital requirements?

Test your knowledge of financial services risk with our free quiz.

Take the quiz »

By studying this certificate, you will be able to:

  • Recognise the origins and fundamental concepts relating to financial services risk management
  • Understand the regulatory context for risk management in financial services
  • Identify and classify the main sources of risk within banks and insurers
  • Compare and contrast the main risk management standards and regulations
  • Apply the concepts of ERM within the financial services sector
  • Examine and use the main approaches to risk identification, analysis and evaluation
  • Distinguish the main features of financial services risk control techniques
  • Learn how the wider business environment impacts financial services risk management across regions
  • Illustrate the key features and applications of a risk management framework
  • Explain the significance of culture, appetite and tolerance, as well as the key features of corporate governance models, project risk and operational management systems
  • Analyse real-life case studies (including the 2008 financial crisis) and identify key lessons.

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 at 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 Supply Chain Risk Earning Potential  IRM Supply Chain Risk Career Prospects  IRM Supply Chain Risk Global Recognition  IRM Supply Chain Risk Gain Confidence
Increase your
earning potential
Gain international
Improve your
career prospects
Gain more confidence in your role

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How much does it cost?

International Certificate in Financial Services Risk Management
Duration: 6-9 Months

Act fast before it's too late - enrolments for the December 2023 student cohort close on 31st May.
Rate Fees
Standard rate £2,095
Member rate £1,895
Low GDP rate £1,780


* To qualify for Low GDP fees, you must live and work in a Low GDP country. 

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 at +44 (0) 20 7709 4177 or email

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What is included in the fees?

To support the self-directed study of the International Certificate in Financial Services Risk Management, you will receive access to:

 Online Learning  Student Handbook  Discussion Forum  Module Coaches
Online learning environment  Student handbook Discussion forum Module coaches


 Revision Webinars  Sample questions  Resouce Center  Student Support
Revision webinars Sample exam questions Online resource centre Dedicated student support team

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

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. 

 IRM Supply Chain Risk all sectors  IRM Supply Chain Risk Entry Requirements  IRM Supply Chain Risk - Test Centers  IRM Supply Chain Risk Student Membership
Relevant for
all sectors
No formal
entry requirements
Access to 5000+
global test centres

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 element 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. 

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Over 10,000 students from 143 countries from the likes of:Financial Services Companies

have accelerated their careers with us. 

 Join them and get qualified »

What happens once the qualification has been completed?

Completion of the certificate will mean that you become a Certificate Member (IRMCert) and are able to progress on to the International Diploma in Enterprise 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 students should consider the time commitment for study before enrolling on the course; the Certificate can be completed within 6-9 months, and the study time available will depend on when the full course fees have been paid for the enrolment period open at that time. Students enrolling later in the enrolment period will need to consider the amount of time remaining to study for their scheduled exam session before enrolling on to the course.

Can the modules be split across different exam sessions?

The course consists of two modules which are studied together. The exams for both are sat in the same exam period that relates to their enrolment window, and cannot be split.

Is there a time limit in which to complete the qualification?

Students have 3 attempts and must complete the qualification successfully within 3 consecutive sessions e.g. June, December, June or December, June, December. After this point, students will be required to re-enrol and pay a further enrolment fee

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 at the exam.

When do the exams take place?

There are two examination sessions for the Certificate. These are normally early June and late November. Exact dates can be found on the exam timetable.

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

Unfortunately we do not offer deferrals as such on exams within our Examination Policies, Procedures and Regulations. If candidates are not able to sit their scheduled exams for any reason, they can decide not to attend the exam and will be marked as absent. There is a fee for entry to a later exam session - £175.00 / £125.00 (Low GDP rate) GBP per exam, and will be charged upon any future re-sits of the missed exam(s).

Not attending your any of your scheduled exams will use up one of your three attempts at each exam, but you will not be penalised at all in terms of marks or grading for sitting in a later session.

Key Dates

December 2023 Assessment Timetable

06 February 2023 Enrolment opens
  Access to the virtual learning environment (Moodle) becomes available upon payment
31 May 2023 Enrolment closes
01 June 2023 Studying period starts
20 - 24 November 2023 Principles of Risk & Risk Management exam in Financial Services
27 November -  01 December 2023 Practice of Risk Management exam in Financial Services

June 2023 Assessment Timetable

01 July 22 Enrolment opens
  Access to the virtual learning environment (Moodle) becomes available upon payment
31 December 2022 Enrolment closes
01 January 2023 Studying period starts
01 January 2023 Enrolment extension opens
31 January 2023 Enrolment extension closes
05 - 09 June 2023 Principles of Risk & Risk Management exam in Financial Services
12 - 16 June 2023 Practice of Risk Management exam in Financial Services


Exam session Enrolment window Exam timetables
June exams 1 July - 31 December Download June 2023 examination timetable >>
December exams 1 February - 31 May Download December 2023 examination timetable >>

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 before starting the enrolment process, as once the enrolment form has been submitted, full payment is required.


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