The International Certificate in Enterprise Risk Management is the ideal qualification for anyone looking for a solid foundation in the theory and practice of effective risk management.
The qualification provides you with an:
- Introduction to the principles, concepts and practice of risk and risk management
- Understanding of the multi-disciplinary nature of risk management within any type of organisation
- Understanding of current risk management thinking, standards and regulations across of the world
- Entry route to the International Diploma in Risk Management
The Certificate is made up of two modules which are designed to be studied together. Learning in module 1 explores elements of the risk management process, while module 2 explains how organisational culture and appetite for risk may affect the implementation of such processes. Similarly, discussion of risk management standards in module 1 supports the study of governance and risk architecture in module 2.
Principles of risk and risk management
This module provides an introduction to the principles and concepts of risk and risk management. It explores the history of risk management to help gain an understanding of current drivers of enterprise risk management, as well as the development and impact of international standards.
Key topics include:
- The concepts and definitions of risk and risk management
- Risk management standards
- Enterprise risk management
- Risk assessment, identification, analysis and evaluation
- Risk responses and risk treatment
The practise of risk management
This module explores the impact of the global business environment on risk. It examines issues relevant to specific sectors and geographical areas, and the needs and demands of various stakeholder groups, including regulatory authorities.
Key topics include:
- An overview of the global business and risk environment
- Risk architecture, strategy and protocols
- Risk culture, appetite and tolerance
- Risk and organisations, including an introduction to corporate governance, project and operational risk management, and supply chain management
- Organisational risk management, emerging risks and future developments
Qualification level: equivalent to degree level.
- 5-9 months
Students undertaking the International Certificate in Enterprise Risk Management qualification must complete the qualification within two years of enrolling as a student. Three attempts are permitted within this timeframe and each attempt will require you to pay a re-sit fee. You will continue to have access to your learning materials After this point, students will be required to re-enrol and pay a further enrolment fee.
Indicative study time for the qualification is between 180 and 200 hours per module.
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 and our special centre policy means you can study and take your examinations anywhere in the world.
We offer a blended learning option for students who prefer a more interactive learning experience. These student-centred workshops will reinforce your understanding of the material and help you develop the practical skills needed to put your learning into practice.
Through our in-house training, we work with you to develop and deliver bespoke training courses to meet all your objectives. We develop the course and reference materials which can be delivered on a rolling basis or as a unique event, depending on your requirements.
- The Study – online student area
- Student handbook
- Study guides
- Discussion forum
- Module coaches
- Risk in the Real World videos
- Live webinars
- Specimen and past exam papers
- Online resource centre
- Guides and briefings
- Dedicated student support team
There are no formal entry requirements.
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.
IRM’s examinations are online and computer-based. Module content will be assessed through the use of the learning outcomes.
Pearson VUE has an extensive test centre network across the world.
Students will be notified of the date they can book the test centre for the exam after they have enrolled on the qualification and their payment successfully processed.
Special needs and access arrangements
Wherever possible, examination arrangements will take into account any special requirements you have. If you complete an application for special arrangements, we must receive your completed form no later than 28 February for the June examinations, and by 31 July for the November examinations. This is to give us enough time to effectively help you with your requirements. While we aim to meet all requests, we cannot fulfil requirements where applications are received late.
Successful graduates automatically become Certificate Members (IRMCert).
You will also have met the prerequisite for acceptance on to the International Diploma in Enterprise Risk Management.
June 2020 session course fees
Low GDP rate
To qualify for the Low GDP Rate, you must meet all of the following:
Qualification course fees are VAT exempt.
Full details of payment methods can be found on the enrolment form. Payment can be made using the following methods
- BACS / Bank transfer
- Debit / Credit card
- Invoice - payment must be made within 14 days of the invoice date.
June 2020 Exams
- 08 July 19 - Enrolment opens
- 01 September 19 - Study materials become available
- 31 December 19 - Enrolment closes
- 01 September 19 - Studying period starts
- 11 June 20 - Principles of Risk & Risk Management exam
- 18 June 20 - Practice of Risk Management exam
|Exam session||Enrolment window|
|June exams||1 July - 31 December|
|November exams||1 February - 31 May|
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.
About the School
The IRM is the leading professional body for Enterprise Risk Management. We help build excellence in risk management to improve the way organizations work.