RISK MANAGEMENT

Risk management occurs everywhere in the financial world. It occurs when an investor buys low-risk government bonds over more risky corporate bonds, when a fund manager hedges his currency exposure with currency derivatives and when a bank performs a credit check on an individual before issuing a personal line of credit. Stockbrokers use financial instruments like options and futures, and money managers use strategies like portfolio and investment diversification, in order to mitigate or effectively manage risk.

Risk management careers

Risk-related careers are incredibly diverse, reflecting the widespread role of risk management in companies and communities. Risk roles range from banking and insurance to logistics and infrastructure, aviation, space travel, construction, public health, international development and many more. IRM’s members, for example, work at all levels across the public, private and voluntary sectors, in 143 countries. Awareness of the importance of risk management in the world’s new high growth economies is increasing. Because of their highly transferable skills, qualified and experienced risk management professionals are able to move easily between different sectors and countries. IRM’s Professional Standards Framework provides a route to help risk management professionals develop their knowledge and expertise through every stage of their career.

Risk professional

Risk Managers come from a very wide range of professions and industries. If your goal is to progress swiftly in your risk management career, achieving a professional qualification in risk management gives you the knowledge and confidence to help you stand out. If you hold a senior strategic and decision making risk role and have 3 to 8 years of risk managment experience, you can apply to be a CMIRM or CFIRM, the highest internationally recognised awards available for risk management practitioners.

Risk management qualifications

IRM’s International Certificate in Risk Management is taught as two modules, and we advise students to take both modules together. The International Certificate gives you a thorough grounding in the principles and practice of risk management. Achieving the Certificate allows you to become a full member of IRM and use the internationally recognised designation IRMCert after your name. The International Diploma in Risk Management builds upon the foundations of the International Certificate, providing in-depth knowledge across a further four modules. Successful completion of the International Diploma allows you to use the designation CMIRM after your name.