Become a CIOR by studying:
Certificate in Operational Risk Management
Learn Online | 9 Chapters | 3-12 Months | 150 hours | MCQ Exam
All organisations across borders and sectors are susceptible to operational risks as direct losses from operational risk failures mount in today's volatile economy with rising inflation, interest rates and more.
In fact, the ORX global banking database reported over 65,000 loss events took place from 2016 - 2021, and it's not just the financial implications of these loss events that organisations need to consider, they need to consider the impact on their reputation.
The Institute of Operational Risk's (part of the Insitute of Risk Management) Certificate in Operational Risk Management (CORM) is the ideal qualification for anyone looking to gain a solid foundation in the theory and practice of operational risk management
Gain the knowledge you need to accelerate your career and increase your earning potential by gaining an internationally recognised qualification in operational risk to support organisations meeting regulatory requirements and improving their resilience.
What will you learn?
This certificate provides you with the practical skills and expertise to accelerate your operational risk career.
The certificate is recognised by Ofqual, a regulator of qualifications, exams, and tests in England and Wales, and is assessed as RQF Level 4, equivalent to EQF Level 5 (European Qualification Framework). It is also included in the regulator; the Hong Kong Monetary Authority's (HKMA) Enhanced Competency Framework for Operational Risk (ECF-ORM).
The certificate's syllabus aims to provide students with an introduction to operational risk management, the tools used in the process, and how operational risk management fits your organisation's wider risk management processes.
You will study nine chapters online that will enable you to explain the role of operational risk management and understand the potential impact of regulation on operational risk. After successfully completing the course you will be entitled to use the post-nominal designation Certified in Operational Risk Management (CIOR).
Should you study for the Certificate in Operational Risk Management?
The Certificate in Operational Risk is a globally recognised professional certification which is externally accredited at RQF Level 4/EQF Level 5 by ATHE and regulated by Ofqual. Whether you are looking to get a grounding or solidify your expertise in operational risk, this is the ideal qualification for you.
By enroling you will:
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Study anywhere in the world |
Study at your own pace online | Get support from module coaches | Access and watch course webinars |
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Take a sample MCQ exam |
Take multiple choice online exam | 1-year associate-level membership | Dedicated student support |
Take this professional certificate to:
- Understand the fundamentals of operational risk management and explain the relationship between cause, event and impact
- Gain insights into the nature and role of governance in operational risk
- Differentiate between risk appetite, risk tolerance and risk capacity in relation to operational risk appetite
- Define the objectives and use of data categorisation in managing operational risks
- Evaluate the advantages and disadvantages of different methods for undertaking risk and control self-assessments
- Examine the nature of scenarios and identify the internal and external factors that may affect your scenario analysis process
Why the IOR part of the IRM?
The Institute of Operational Risk (IOR) acts as the central point for the profession to assist in the advancement of operational methods, techniques and knowledge.
Established in 2004 the institute is now part of the Institute of Risk Management, together our education and training programs empower risk professionals to make better-informed operational risk decisions.
Our Internationally recognised professional qualifications advance those handling operational risks throughout their career, with employers across the globe actively looking to hire qualified operational risk professionals.
How much does it cost?
Description | Fee (fee excludes UK VAT) |
Level 4 Certificate in Operational Risk Management (CORM) Price includes:
|
£695.00* |
|
£150 |
Course Fee (if re-enrolling after 2 failed attempts at the exam) |
£350.00 |
ELCAS Funding for Service Personnel
The IOR (part of the Institute of Risk Management group) has been granted Approved Learning Provider status for the Enhanced Learning Credits Scheme (ELC) by the Enhanced Learning Credits Administration Service (ELCAS).
Full details can be found here.
Group enrolments
Discounted rates are available for groups enroling from the same organisation.
Please complete the form to submit your requirements.
What will you learn?
This certificate provides you with the practical skills and expertise to accelerate your operational risk career.
The certificate is recognised by Ofqual, a regulator of qualifications, exams, and tests in England and Wales, and is assessed as RQF Level 4, equivalent to EQF Level 5 (European Qualification Framework). It is also included in the regulator; the Hong Kong Monetary Authority's (HKMA) Enhanced Competency Framework for Operational Risk (ECF-ORM).
The certificate's syllabus aims to provide students with an introduction to operational risk management, the tools used in the process, and how operational risk management fits your organisation's wider risk management processes.
You will study nine chapters online that will enable you to explain the role of operational risk management and understand the potential impact of regulation on operational risk. After successfully completing the course you will be entitled to use the post-nominal designation Certified in Operational Risk Management (CIOR).
The study topics for the certificate include:
- Fundamentals of Operational Risk
- Management of Operational Risk
- Operational Risk Appetite
- Operational Risk Tools – Categorisation
- Operational Risk Tools – Risk and Control Self-Assessment
- Operational Risk Indicators
- Operational Risk Tools – Events and Losses
- Operational Risk Tools – Scenario Analysis
- The Regulatory Treatment of Operational Risk
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ATHE regulated by Ofqual
-
RQF Level 4 in the UK
-
EQF Level 5 in Europe
You do not need any prior qualifications or experience to start your studies.
Standard rate | £695* |
---|---|
Includes study workbook and exam, plus 1 year IOR associate membership |
* The above price excludes VAT.
Study methods include:
- Self-learning
- 130-150 hours of study required
- Study workbook provided
The exam:
- Online (with online invigilator)
- 50 multiple-choice questions
- 75 minutes
Benefits include:
- Learn operational risk concepts
- Demonstrate commitment and professional knowledge
- Develop a common understanding
- Independent certification
The IOR is now a part of the IRM Group.