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.

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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).

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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:

Study anywhere in the world	Study at your own pace online	Get support from module coaches	Access and watch course webinars

 

Take a sample MCQ exam	Take multiple choice online exam	1-year associate-level membership	Dedicated student support

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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

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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.

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How much does it cost?

Description	Fee (fee excludes UK VAT)
Level 4 Certificate in Operational Risk Management (CORM) Price includes: Access to our virtual learning environment to gain online study material covering all key operational risk management concepts. Material includes access to: Module coach Course webinar Sample MCQ exam paper Exam Fee – 1 attempt 1-year Associate level membership of the Institute of Operational Risk (unless you are already a member of the Institute). This provides free access to the Institute’s Sound Practice Guidance documents and free attendance for any event hosted by the IOR. 1-year Certificate membership (post qualification). Use the post-nominal designation Certified in Operational Risk Management (CIOR)	£695.00*
Re-sits of the exam (1 re-sit allowed)	£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.

Find out more »

 

Qualification overview Qualification details and accreditation Entry requirements Fees Study method and exam Benefits for individuals and organisations