Learn to manage risks across the enterprise which is now an inherent part of delivering organisational success. The more deeply a risk-intelligent professional succeeds in influencing the organisation's entire culture, the greater their ability to influence how risks are identified and acted upon with the right mitigation strategies. Using the principles of enterprise risk management and aligning the ERM process with general management, candidates can develop strong knowledge required for risk-based decision making.
Eligibility for Students:
Eligibility for Professionals:
Duration : 2 Months
No. Of Units : 2
Study Hours : 60 hrs
Free Live Study SessionsIRM’s Level 1 Examination is the first step towards starting a career in Enterprise Risk Management with the world leading professional body. Successful completion of IRM’s Level 1 Examination entitles you to an international certificate, access to IRM's Level 2 Qualification and membership into IRM India alumni community. The Level 1 Examination can be pursued by students and working professionals alongside their graduation or post-graduation or professional career. Candidates who are aspiring risk leaders, budding entrepreneurs, next-gen family business owners or business heads have been enrolling for IRM's examinations.
The Level 1 Examination covers the foundational knowledge that organisations expect as well as the critical risk identification and mitigation skills that professionals need to respond to complex uncertain events impacting all departments of an organisation that include marketing, human resources, procurement, supply chain, information technology, cyber security, sales, legal, research & development and many more. The curriculum empowers you with the theory and practice of enterprise risk management in-line with ISO 31000 standards, COSO framework and industry best applications with a combination of case studies, applied exercises and current affairs. As the awareness of risk management grows from an enterprise perspective, employers and regulators have recognised IRM’s qualifications across all industries and sectors.
The Level 1 Examination is now completely online for select countries across Asia including India, Singapore, Vietnam, Cambodia, Nepal, Sri Lanka, Laos, Thailand, Mongolia, Hong Kong, Taiwan, Bhutan, Bangladesh and Maldives. Students and professionals from these countries are now required to enrol for the online Level 1 Examination through IRM India only.
Entry CriteriaCandidates enroling for the Level 1 Examination can be:
No background or knowledge of mathematics or finance is required for learning enterprise risk management.
If you are a professional with 2-3 years of experience in risk management, you could be eligible for an exemption from IRM’s Level 1 Examination and can directly apply for the Level 2 Qualification.
Submit your exemption request.
Click here to learn more about Level 2 qualification.
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Modules of Level 1 ExaminationEnterprise risk management is applicable for everyone as it goes beyond finance and insurance and covers the following:
As the economy becomes more complex, organisations find themselves confronting an increasing array of risks that can affect their businesses significantly. From investigating cyber risks, climate change, pandemics and fraud to co-ordinating intricate supply chains and operational risk; an effective enterprise risk management system is increasingly seen as a cardinal for businesses in all sectors. The Level 1 Examination curriculum blends very well with your current education or work and draws parallels from real-life examples, empowering you with the tools and techniques to identify and manage any kind of risks. The curriculum for the Level 1 examination covers:
Study supportStudy for the Level 1 Examination with access to –
The examination is conducted online four times a year (February, May, August, November) on the last Sunday of the respective month. Candidates do not require any additional tuition as the materials and sessions are easily comprehensible. IRM accredited exam coaches are different for professionals and students. These sessions are also accessible as recorded videos until the date of the examination. IRM’s elaborate resources provide a solid foundation for your exam success. The table below will help candidates in understanding the relevance and applicability of various study resources.
| Study Tools | Study Support | Exam Relevance | ||
|---|---|---|---|---|
| Provided to candidates | Provided to candidates | |||
| Student | Professional | Student | Professional | |
| Live sessions & Exercise | Yes | Yes | High | High |
| Handbook (Student / Professional version) | Yes | Yes | High | High |
| ISO Guide by IRM | Yes | Yes | Medium | High |
| COSO Guide by IRM | Yes | Yes | Medium | High |
| Global Risk 2020 | Yes | Yes | Low | High |
| Access to Webinars by International Trainers | Yes | Yes | Low | Medium |
| Risk Management Perspectives of Global Corporations | No | Yes | Not Applicable | Medium |
| How to Hire a Chief Risk Officer | No | Yes | Not Applicable | Low |
| Social Media Exercise | No | Yes | Not Applicable | Low |
| Risk Appetite & Tolerance Executive Summary | No | Yes | Not Applicable | Low |
Application Timelines and Key DatesThe Level 1 examination is conducted online four times a year (February, May, August, November) on the last Sunday of the respective month. Resit exams are conducted every month on the last Sunday of the respective month. The study support sessions for Students and Professionals are conducted separately.
The results are announced within 15 days of the exam date
ExaminationThe Level 1 examination is online, application-based with multiple-choice questions. Questions from previous examinations are available in the study materials. Candidates are permitted one additional resit at no extra fee. The results of the examination are made available within 10 working days. The format of the examination for students and professionals is different.
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Enrolment process
Fees
ExemptionsIf you are a professional with 2-3 years of continuous experience in enterprise risk management, you could be eligible for an exemption from IRM’s Level 1 Examination and can directly proceed to Level 2.
Submit your exemption request.
Click here to learn more about Level 2 qualification.
