IRM receives major OFQUAL boost for International Certificate in Financial Services Risk Management

The Institute of Risk Management’s (IRM) International Certificate in Financial Services Risk Management  has now been registered on England’s Regulated Qualifications Framework and sits at Level 5.

This is equivalent to Year 2 of a 3-year bachelor’s degree.

Stephen Sidebottom, (pic) chair of the IRM said: “With the recognition from the Office of Qualifications and Examinations Regulation (OFQUAL), the IRM remains at the forefront of risk management education and professional development. The IRM is dedicated to empowering people and organisations globally to build resilient and sustainable risk management practices.”

“The OFQUAL accreditation reinforces the IRM’s commitment to excellence and its mission to advance the field of risk management through education, research, and thought leadership.”

The IRM said that the International Certificate in Financial Services Risk Management has been newly revised and is a comprehensive qualification designed to equip individuals with the skills and knowledge necessary to effectively identify, assess, and manage risks within financial services organisations. 

It added that the recognition by OFQUAL, England’s independent regulator of qualifications, examinations, and assessments, ensures that the program meets rigorous standards of quality and is internationally recognised.

The Certificate has recently been updated in line with current risk management principles and practices in the financial services sector.

The accreditation also brings several benefits for both students and employers. For students, the OFQUAL accreditation adds credibility and value to their qualification, as it is backed by a reputable regulatory body. It provides assurance that their learning experience meets industry standards and enhances their professional development. 

The IRM also said that graduates of the International Certificate in Financial Services Risk Management can highlight their expertise and stand out in the competitive job market, increase their earning potential, and demonstrate that they are current and competent in the workplace.

The qualification has been updated to reflect the risks relating to financial services organisations, particular to the banking and insurance sectors.  It examines international regulatory standards that governs this sector.

The Certificate also explores financial and operational risks in the financial services sector as well as resilience to ensure banks and insurance business viability and continuity. The qualification explores how banks and insurance businesses achieve the desired aspects of sustainability requirements.

Enrolments for the June 2024 exams are open now: