Professional Certificate in Risk Management

CRM01 -Risk Management: Principles and Practices

The course highlights the basic concepts involved in the risk management process from policy development to the implementation of a risk management program. Through this examination an evaluation of risk management frameworks is undertaken along with a comparison of enterprise and operational risk management. Various methods of risk identification, risk assessment and risk financing are also explored.

Topics covered include:

Introduction to Risk Management
Risk Management Standards and Guidelines
Risk Tolerance vs. Risk Appetite
Operational, Financial and Enterprise Risk Managementv
Risk Management Framework and Process
Risk Identification,
Risk Assessment – Key Risk Indicators
Risk Financing – Commercial Insurance, Hedging/Derivatives, Contractual Transfer
Financial Statement Risk Analysis
Monitoring and Reporting of Riskv

CRM02 – Risk Assessment and Treatment

This course provides learners with a broad understanding of the assessment and treatment techniques for the major categories of risk faced by all organizations, including hazard, operational, financial and strategic risks. It reviews various risk treatment alternatives including risk transfer and the benefits of accepting risk when pursuing an opportunity. It also discusses in detail many types of risk and methodologies for managing such risks, including emerging risks and business risks traditionally faced by risk management professionals.

Topics covered include:

Overview of Risk Assessment
Root Cause Analysis
Business Continuity Management
Physical Property Risk
Intellectual Property and Reputation Risk
Legal and Regulatory Risk
Management Liability
Human Resource Risk
Environmental Risk
Crime and Cyber risk
Fleet Risk

CRM03 – Risk Financing

This course looks at the selection, implementation and monitoring of risk financing techniques; methods in which an organization can obtain funds to finance its risks that it would be exposed to; forecasting its loss exposures; and, use of present value methods to select the best risk financing option.

Topics covered include:

Framework for risk financing in context of risk management framework;
Estimating risk criteria for risk financing;
Risk financing techniques;
Insurance as a risk financing technique;
Financing property, liability, net income and personal losses;
Accounting and some income tax aspects of these losses;
Insurance pricing and selection of insurers and their representatives;
Implementing risk retention available options including use of affiliated insurance products; and risk cost allocation.
Contractual and Capital market risk transfers reinsurance