New diploma, the IRM International Diploma in Risk Management, replaces old
The Institute of Risk Management has launched a new diploma, the IRM International Diploma in Risk Management - a post-graduate qualification that replaces the IRM Diploma in Risk Management.
Institute of Risk Management (IRM) chief executive Steve Fowle, said: “As well as being the first international qualification in this area, the diploma will also offer the most integrated approach to managing risk across a whole organisation. Previously people have tended to view risk management as vocational, asking what skills they need to do a particular job in a particular organisation, rather than how to acquire the skills to demonstrate a broad knowledge of the art and science of risk management.”
The IRM started its work to recast the Diploma by gaining input from nearly 70 academics and practitioners around the world on what skills and competencies risk professionals would need in 10 years’ time.
It developed the new syllabus in response to their comments, and said one of the most significant changes is the international outlook of the new Diploma – which will enable anyone working in risk management to give senior management a truly global perspective on their organisation’s exposures.
The IRM said multiplying corporate governance and regulatory regimes mean that enterprises across the spectrum need to know what approaches to risk management apply in the markets in which they operate.
Philip Hicks, Risk and Audit Manager at Liberty Syndicate Management, commented: “Profitable companies in the insurance sector are the ones that fully understand the risks they face. The new Diploma will equip risk managers to contribute towards the economic success of their companies and demonstrate the value of risk management, while also giving them an international perspective.”
