Certified Risk Management Professional


This certificate provides the holder with sound knowledge of the fundamentals of risk management and the syllabus is crafted on the basis of ISO 31000:2009 Risk Management.

It provides the platform for all those who want to pursue a career in risk management. It also opens the floodgate to obtain higher certifications in risk management.

The syllabus covers credit risk, market risk, operational risk, strategic risk, legal risk, compliance risk, regulatory risk, macro-economic risk, reputational risk, etc. It, however, excludes modeling and stress testing.

Course Modules

Introduction to Risk Management

  • What is Risk?
  • What is Risk Management?
  • Why we Need Risk Management?
  • Types of Risks
  • Risk Management Approaches
  • Risk Management Framework
  • Risk Architecture
  • Risk Policy and Strategy
  • Risk Management Process
  • Risk Protocols and Procedures

The Risk Management Process

  • Establishing the Context
  • Risk Identification & Risk Categorization
  • Risk Assessment (Identification and Analysis) Techniques
  • Risk Formulation (The Cause and Effect Relationship of Risk)
  • Risk Analysis
  • Risk Evaluation, Risk Vulnerability
  • Risk Appetite, Risk Tolerance and Risk Capacity
  • Risk Profile
  • Risk Treatment and Response
  • Risk Monitoring and Reviewing
  • Risk Communication, Escalation and Reporting
  • ysis and Prioritization
  • Risk Ranking (The Risk Ranking Matrix)
  • Organizational Resilience and Business Continuity Planning
  • Risk Control Techniques
  • Creation of a Risk Register
  • Risk Culture
  • Risk Management Challenges

Risk Governance & Enterprise Risk Management

  • Definition of ERM
  • Objectives and Benefits of ERM
  • ERM Frameworks
  • ERM Road Map
  • Emerging Trends in ERM
  • Risk Management Framework
  • Risk Strategy
  • Risk Appetite Statement (RAS)
  • Risk Governance
  • Risk in The Boardroom
  • Risk Assurance Functions
  • The Three Lines Of Defense Model

Operational Risk Management

  • What is Operational Risk:
  • Benefits of Operational Risk Management
  • Risk identification tools and emerging risks
  • Risk register: a list
  • Governance of Operational Risk
  • Risk reporting and Conduct reporting
  • Implementing the Desired Risk Culture
  • Risk Appetite, Internal controls and KRIs
  • Root causes analysis – the bow-tie
  • Features and types of leading KRIs
  • Cyber threats and information security
  • Scenario Analysis: Governance, Stress testing and Assessment methods

Credit Risk Management Essentials

  • An overview of credit risk and best practice credit risk management
  • Key elements of the credit risk management framework
  • Managing Credit Risk
    • Credit risk appetite – setting and monitoring
    • Credit risk authorities – delegation and oversight
    • Credit risk committees – best practice for establishment and operations
    • Concentration risks – setting policy and portfolio monitoring
    • Credit policy – setting, implementation and monitoring compliance
  • Credit Risk Assessment and Management
    • Approaches to assessing credit risk – individual judgement vs automated systems
    • The credit risk cycle – assessment, decision making, post approval management
    • Early warning signs – how to identify warning signs and how to address them
    • Problem credit management – how to minimise the risk of losses

Market Risk Management Essentials

  • What is Market Risk
  • Market Risk Management Process
  • Overview of Market Risks and Risk Management
  • Identifying and Measuring Market Price Risks for Equity and Foreign Exchange
  • Managing Trading and Investment Market Risks in International Equity Positions
  • Value-at-Risk & Its Short Comings
  • Developing scenario and stress tests
  • Credit Risks in the Market Context
  • Market Risk Capital


Who should apply?

  • Risk managers and officers
  • Auditors
  • Compliance officers
  • Regulators
  • Staff of Credit rating agencies
  • Risk management consultants
  • B.sc, M.sc, related degrees and discipline.