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.

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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

  • 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.