Eligibility Requirement

​Degree and Experience Requirement

Bachelor’s degree or higher (or global equivalent) in risk management, and
One year of full-time work experience (or full-time equivalence) in risk management*


Bachelor’s degree or higher (or global equivalent) in non-risk management area of study, and
Three years of full-time work experience (or full-time equivalence) in risk management*

Note: Degrees must be obtained from accredited or equivalent schools of higher education.
Internships count toward risk management experience.

Non-Degree Experience Requirement

Seven years of risk management experience*
Possessing the Associate in Risk Management (ARM) and/or Canadian Risk Management (CRM) designation counts towards two years of risk management experience.

*Risk Management Experience is occupational experience that leverages the opportunities and uncertainties associated with an organization’s goals and objectives.  This includes implementing, developing or leading the risk management practices that enable an organization to make risk-effective decisions that create and sustain value.

Process for Applying

1. Review the eligibility requirements above

2. If you are eligible, complete the online application.

The application includes the following sections: 
• Applicant Contact Information 
• Code of Ethics, Disclosure and Attestations 
• Higher Academic Education 
• Qualifying Employment Experience 
• Payment (Your application cannot be approved until payment is made.) 

Before you start your application, make sure your supporting documents are ready. Depending on your eligibility, you are required to provide one or more of the following: 
• Official university transcript 
• Letter from the Registrar confirming dates of attendance—grades not required. (Copies of photographs of a diploma will not be accepted.) 
• Employment verification form (Supervisor or HR Manager signature required)

3. After you’re approved, sign up for the exam.

You must take the exam within your authorized six-month timeframe. The RIMS-CRMP certifications exam is offered throughout the year. (Note: If you miss your timeframe, the examination fee will be forfeited and you will have to reapply as a new applicant.)

The RIMS-CRMP exam is available as a computer-based test at Pearson VUE Test Centers around the world. Find your exam location.

4. Prepare for the exam.

Review the exam domains and required reading to decide what you should study based on your risk management knowledge. Then download the RIMS-CRMP Study Guide.

5. Take the exam at your local Pearson VUE Test Center and pass

After you pass the exam, we will send you a certificate suitable for display and your RIMS-CRMP lapel pin. Your RIMS-CRMP Certification is valid for two years.

Application Fee

$350 for RIMS Members

$500 for Non-members

(includes nonrefundable $100 application processing fee)

Visit the Fee Schedule page to see all other fees.


Post Graduate Diploma in Risk Management (PGDRM) will include 3 papers on general management topics and 13 technical papers on various facets of Risk Management, such as Enterprise Risk Management (‘ERM’), Internal Audit (‘IA’), Sarbanes Oxley and Internal Financial Controls, Regulatory Compliance, Financial Risk Management, Applied Audit Analytics, Information Technology General Controls (‘ITGC’), etc.

The 3 general management papers will focus on enhancing awareness of corporate reality and creating more well-rounded risk professionals of the future. These will include Strategic Thinking, Fundamentals of Human Resource Management, and Organizational Behavior.

One of the key risks of developing and delivering a specialized Risk Domain curriculum is that students should not ever think of Risk expertise in a Silo environment. Good strong professionals need to recognize:

  • How a risk decision impacts an organization’s short-term and long-term strategy, and hence all decisions need to be weighed in that context;
  • That all decisions need to be accepted and internalized by an organization effective implementation, and for that, an understanding of organizational behavior is critical;
  • That all organizations now realize that irrespective of which industry segment they might operate in (including in the most digital interrupted business models), the need for appreciation of Human Resource elements of an organization can hardly be over-emphasized if it wants to be successful.

The above were the key drivers for these general management papers being included as core and mandatory papers of the PGDRM curriculum.

Developmental work for all the Risk Management papers have been led by professionals with a collective experience of 100+ years in the Risk consulting space. These papers have been co-developed and vetted by Global Risk Advisory leaders and industry experts, while working closely with tenured faculty of internationally reputed Universities. https://grm.institute/our-courses/

In a bid to provide assistance to the Indian companies and entrepreneurs so in addressing risks successfully, the UK-based Institute of Risk Management (IRM) has introduced its 5-Level Global ERM Qualifications in the country.

IRM in an official statement stated, “In a bid to create a pathway for professionals to become chief risk officers and get large companies, SMEs and startups risk-ready and develop risk-taking leaders across sectors, the Institute of Risk Management has introduced its 5-Level Global ERM Qualifications in India.” The IRM’s statement further stated that it has entered into partnerships with 360 examination centres all over India.

“With much emphasis from Indian regulators, business leaders are embedding risk culture in the DNA of their companies and the role of chief risk officer is fast evolving. The application of risk management today is across sectors and industries, including family businesses, SMEs and startups,” noted the statement.


The Institute of Operational Risk (IOR) Certificate in Operational Risk Management (CORM) is the ideal qualification for anyone looking to develop an understanding of operational risk management.

The IOR is now a part of the IRM Group

Qualification overview

The study topics for the certificate include: 

  • Fundamentals of Operational Risk
  • Management of Operational Risk
  • Operational Risk Appetite
  • Operational Risk Tools – Categorisation
  • Operational Risk Tools – Risk and Control Self-Assessment
  • Operational Risk Indicators
  • Operational Risk Tools – Events and Losses
  • Operational Risk Tools – Scenario Analysis
  • The Regulatory Treatment of Operational Risk

Qualification details

  • ATHE regulated by Ofqual
  • RQF Level 4 in the UK
  • EQF Level 5 in Europe

Entry requirements

You do not need any prior qualifications or experience to start your studies.


Standard rate£550 
Includes study work book and exam, plus 1 year IOR associate membership  

Find out more 


The Digital Risk Management Certificate is the ideal qualification for anyone looking to develop an understanding of risk management in the digital era. The qualification has been designed to introduce learners to digital disruption, its causes and consequences and to equip individuals with the tools and techniques to apply their skills in an increasingly digital world.

Taking 6-9 months to complete, the certificate is a distance learning study programme that is relevant to all sectors.

Qualification overview

This new specialist Certificate, awarded by the IRM and developed with support from the WMG Cyber Security Centre at the University of Warwick and the University’s Department of Politics and International Studies, has been designed to equip individuals to apply and develop their skills in an increasingly digital world.

The qualification provides an introduction to the concepts of digital risk management and explains how new technologies and digitalisation are disrupting businesses, changing the risk environment for organisations of all types and posing new ethical challenges. It explores how appropriate risk management tools and techniques can be applied, adapted and developed in the digital context and provides a detailed introduction to cyber security principles and practices.

Download a copy of the course brochure »

View full course syllabus »

For 30 years, IRM’s International Diploma in Risk Management has been the global choice of qualification with risk professionals and their employers.

This post-graduate level qualification has been developed by internationally recognised academics and industry practitioners to provide you with the knowledge and skills to manage risk and maximise opportunities in any organisation.

The Diploma aims to develop:

  • Your ability to design and implement risk management strategies.
  • Proficiency in selecting and applying the tools and techniques required to assess and treat risks.
  • A critical understanding of the relationship between risk management, governance, internal control and compliance.
  • Your ability to make informed risk management decisions for current and emerging risks, and to critically appraise real life case studies from different sectors and countries.

If you already hold one of the qualifications on this list you may automatically be exempt from some of the modules on the International Diploma. There are also other ways of having your learning and experience recognised via either our non-standard exemption routes or accreditation of prior learning.

Download the Diploma summary brochure 

Course syllabus

Set at an equivalent level to a postgraduate qualification, the Diploma is made up of six modules.The first two modules lead to the award of the International Certificate in Enterprise Risk Management or the International Certificate in Financial Services Risk Management and completion of all six modules leads to the award of the International Diploma. You must successfully complete the International Certificate before progressing to the remaining four modules of the DiplomaDownload the full Diploma syllabus (PDF)

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

If you already hold one of the risk management qualifications on this list you will be exempt from the International Certificate in Enterprise Risk Management and may apply directly to become a Certificate Member of IRM.

Download a Certificate Membership application form.

There are also other ways of having your learning and experience recognised via either our non-standard exemption routes or accreditation of prior learning.

View the ERM certificate qualification brochure here

Exploring the impact of the global business environment on risk, it examines issues that are relevant to specific sectors and geographical areas, and the needs and demands of various stakeholder groups, including regulatory authorities.

View full course syllabus »


Course Syllabus :

Course syllabus

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 

Practice 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

Download the full syllabus »

Successful completion of these modules enables you to move onto the subsequent modules of the International Diploma in Enterprise Risk Management.

Practical steps for organizations to realize the true value of enterprise risk management Lake Mary, FL (Feb 4, 2020) –

Over the past few decades, enterprise risk management (ERM) has received increased attention from boards and executives, and it continues to evolve in its development and uses. To further inform organizations on its benefits, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) is releasing new guidance, “Creating and Protecting Value: Understanding and Implementing Enterprise Risk Management,” offering succinct, tangible steps to implement an effective ERM program. The project was commissioned by COSO and co-authored by DePaul University’s Richard J. Anderson, Clinical Professor of Strategic Risk Management, and Dr. Mark L. Frigo, Co-founder and Director Emeritus of the Strategy, Execution and Valuation Initiative & Strategic Risk Management Lab at the Kellstadt Graduate School of Business/Driehaus College of Business – School of Accountancy & MIS. “Together with COSO’s Enterprise Risk Management – Integrating with Strategy and Performance and other COSO guidance, this paper is a good starting point for an effective ERM initiative,” said Paul Sobel, COSO Chairman. “The goal is to develop a momentum for ERM to expand and deepen the organization’s strategy-setting, performance, and risk-management processes in pursuit of creating and protecting value.” The guidance is based on successful practices used by organizations in taking an incremental, step-bystep approach to implementing ERM. As noted in the paper, any ERM initiative needs to be tailored carefully to the needs of a specific organization. The updated COSO ERM Framework clarifies both the relationship between strategy and risk and that the objective of ERM is to assist the organization to achieve its strategy and business objectives. Understanding those two key points is not only critical for success but important in setting and communicating the risk culture of the organization. “The approach of this paper and the updated ERM Framework and related guidance provide the flexibility to tailor an ERM initiative and realize fully its benefits,” said Dr. Frigo. “Enhancing their ERM processes starts with a clear understanding of the role of ERM in assisting the directors and senior management to make better decisions and achieve their strategy and business objectives.” “The business environment today is one in which boards of directors and senior management will continue to face rapid changes, complexities, and volatile risks,” added Anderson. “Such an environment, however, also presents them with significant new opportunities. Organizations can enhance their abilities to be successful in both addressing risks and taking advantage of opportunities by enhancing their enterprise risk management processes and integrating ERM fully into their strategy setting and performance processes.” Please visit www.COSO.org for the full paper. About COSO Originally formed in 1985, COSO is a voluntary private sector organization dedicated to improving organizational performance and governance through effective internal control, enterprise risk management and fraud deterrence. COSO is jointly sponsored by the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), the Institute of Management Accountants (IMA), and The Institute of Internal Auditors (IIA). For more information, visit www.COSO.org