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Level 5 - International Certificate in Enterprise Risk Management
Ofqual Regulated from Sept 2023
Become an IRMCert to
Supercharge your career with the IRM.
Learn Online | 2 Modules | 6-9 Months | 180 - 200 hours per module | MCQ Exam | Essay Assignments
Enrol now » Download Syllabus »
Risk is part of every business, from the pandemic to cyber threats to supply chain disruptions.
The risks facing organisations are real, and there is increasing demand for qualified and skilled risk professionals who can help improve organisational resilience in an ever-evolving risk landscape.
The Institute of Risk Management's (IRM) International Certificate in Enterprise Risk Management (ERM) is the ideal qualification for anyone looking to gain a solid foundation in the theory and practice of effective risk management. Our revised syllabus and assessments have been developed to meet the demands and needs of risk and business professionals in this new risk era.
There has never been a better time to increase your earning potential and career prospects by gaining an internationally recognised risk management qualification.
What will you learn?
We will provide you with the expertise and practical skills to improve your career prospects.
Our qualification is recognised globally as the industry standard in ERM. The IRM's revised syllabus for the International Certificate in Enterprise Risk Management reflects the new and evolving risk era we are in, ensuring our students are up-to-date with the latest best practices in risk management and have the capabilities to apply them.
You will gain the skills to help develop, adapt, and implement robust risk frameworks to improve your company's resilience.
What is covered in the revised syllabus?
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Module One: Principles of Risk and Risk Management Get an introduction to the principles and concepts of risk and risk management and its development through Enterprise Risk Management using international best practices. Learn why risk management principles and frameworks are the foundation of effective risk management implementation. Assessment: |
Module overview:
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Module Two: Practice of Risk Management Gain the skills and know-how to implement effective risk management to set and deliver on an organisation’s strategy, taking account of its value chain and core objectives. Explore and examine the different risk management approaches to embed risk management and assess the core competencies organisations require from risk professionals and individuals. Assessment: |
Module overview:
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What They're Saying
Should you study for the International Certificate in ERM?
The International Certificate in ERM is a globally recognised professional certification that can be taken as a stand-alone qualification or forms the first part of the International Diploma in ERM. Whether you are looking to get a grounding or solidify your expertise in risk, this is the ideal qualification for you.
You can learn from anywhere in the world at your own pace via supported distance learning, which includes self-directed study and online coaching.
By enroling you will:
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Study via online distance learning |
Get support from module coaches | Take multiple-choice exam | Submit written assignments |
Risk management is an inherent part of good management. By developing your expertise through our qualifications, you will be equipped with the skills to manage organisational risks and seize opportunities to help your business achieve its objectives at lower overall costs.
By studying for this certificate you will be able to:
- Recognise the origins and understand the key concepts of risk management
- Compare and contrast the main risk management standards, such as ISO, COSO, and the Orange Book
- Develop effective risk management approaches utilising risk principles, frameworks and processes
- Identify, analyse, and prioritise risks to align with organisational and strategic objectives
- Evaluate and select the appropriate controls to effectively manage, monitor and report on organisational risks
- Examine risk appetite and tolerance to determine what a successful risk culture looks like
- Understand risk management's role and responsibilities regarding corporate governance and regulatory requirements
- Correlate the risk management framework with the strategic framework of an organisation
- Assess how sustainability impacts organisational performance and what role risk management plays
- Illustrate how risk management is a vital tool in ensuring organisational resilience
- Analyse real-life case studies and identify risk management lessons
How much do you know about Enterprise Risk Management?
Do you know your core other approaches to operational resilience from the difference between taking an enterprise approach to risk management?
Put your knowledge to the test in our enterprise risk quiz.
Why the IRM?
IRM is the leading global provider of education and training for risk professionals, enabling and empowering you to make better-informed risk decisions. The institute prepares risk management professionals for the challenges of today and the opportunities of the future.
Our internationally recognised online professional qualifications advance those working and handling risk throughout their careers, with employers across the globe actively looking to hire IRM-qualified risk professionals.
Benefit from our 30 years of experience to supercharge your career and to:
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| Increase your earning potential | Gain international recognition | Improve your career prospects | Gain more confidence in your role |
How much does it cost?
International Certificate in Enterprise Risk Management (ERM)
Duration: 6-9 Months
| Fees | Qualification only | Qualification + Blended Learning Workshops* |
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| Standard rate | £2,370 | £3,970 |
| Member rate | £2,133 | £3,733 |
| Low GDP rate | £1,865 | £3,465 |
* To qualify for Low GDP fees, you must live and work in a Low GDP country.
Blended Learning
Support your studies with our Blended Learning Virtual workshops, designed to help structure your study, reinforce your understanding of the material and improve your chances of exam success.
* Please note blended learning is quoted as a four-workshop package at £1,600, giving you access to all four workshops - workshops can be booked separately click here to find out more.
Group enrolments
Discounted rates are available for groups of 10 or more employees enrolling for the same session from the same organisation.
For further details please click here or contact our Business Development Manager - Joanna Kraska via email joanna.kraska@theirm.org.
What is included in the fees?
You can study for the International Certificate in Enterprise Risk Management through 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 means you can study and take your multiple-choice examinations for module one anywhere in the world. Your assignments can be submitted online through our virtual learning environment
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| Online Learning | Student handbook |
Discussion forum |
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| Module coaches | Revision webinars and videos | Online resource centre |
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| Sample MCQ exam questions | Dedicated student support | Student membership |
Please note: Core textbooks for this qualification are not included in the course fee and need to be purchased separately.
How's the revised syllabus changed?
Content:
- Updated material to reflect changes to international regulatory frameworks with an emphasis on the applicability of enterprise risk management across all sectors
- Additional content on organisational sustainability and resilience, black swan events such as Covid-19, how risk management support agility and innovation and organisational resilience testing tools
- New dedicated unit on how the risk practitioner adds value to organisations
- Focusing on some of the biggest risks facing organisations including Environmental, Social and Governance (ESG) and Climate Change
- Employer-led content and assessments to enable you to apply your learnings to your role
Delivery
- New style assessments combining an MCQ exam and three essay assignments designed to demonstrate effective learning
- Developed and written by experienced, expert risk practitioners in conjunction with other practitioners, clients, and past students
Key dates
December 2024 Assessments Timetable
| Date | Activity |
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| 01 Feb 2024 | Enrolment opens |
| 31 May 2024 | Enrolments close |
| 18 Nov - 22 Nov 2024 | Principles of Risk and Risk Management (1) - MCQ exam* |
| 06 Dec 2024 (12 noon UK time) | Principles of Risk and Risk Management (1) - 1x Module 1 assignment** |
| 06 Dec 2024 (12 noon UK time) | Practice of Risk Management (2) - 2x Module 2 Assignment** |
June 2024 Assessments Timetable
| Date | Activity |
|---|---|
| 10 Jul 2023 | Enrolment opens |
| 31 Dec 2023 | Enrolments close |
| 10 - 14 Jun 2024 | Principles of Risk and Risk Management (1) - MCQ exam* |
| 28 Jun 2024 (12 PM) | Principles of Risk and Risk Management (1) - 1x Module 1 assignment** |
| 28 Jun 2024 (12 PM) | Practice of Risk Management (2) - 2x Module 2 Assignment** |
(*) Students can select their preferred date with the exam week to sit their Module 1 exam at a Pearson Vue Test Centre.
(**) Students must submit their assignments for Module 1 and Module 2 for the June 24 session by 28th June 2024. The virtual learning environment provides detailed guidance on assignment submission and assessment.
How to enrol
There are no formal entry requirements, and this certificate is relevant to all sectors globally. It is recommended that students have some basic understanding of risk management tools and techniques.
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| No formal entry requirements | Access to 5000+ global test centres | Relevant to all sectors | Applicable to all levels and roles |
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 elements less than 5.5) or equivalent evidence of competence in the English language before beginning your studies.
Submit your online enrolment and a member of the student support team will get in touch with you to onboard you to the qualification.
Over 10,000 students from 143 countries from the likes of:
have accelerated their career with us
There has never been a better time to increase your earning potential and career prospects by gaining an internationally recognised risk management qualification.
