IRM Corporate Brochure 2024

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The Institute of Risk Management

How to get Risk Ready with the IRM

Empowering Resilience Globally

OVERVIEW

The Institute of Risk Management is the leading professional body for Enterprise Risk Management

FOUNDED 1986 PRODUCTS AND SERVICES AVAILABLE IN OVER

MEMBERS

9000+

146 COUNTRIES

GLOBAL PROFESSIONAL NETWORK 59000+

INTEREST GROUPS 30 IRM CERTIFIED PROFESSIONALS WORLDWIDE

7500+

We provide globally recognised qualifications and training, publish Thought Leadership and run insightful events open to both our members and the wider public, all of which are underpinned by our professional standards, defining the requirements risk managers need to meet.

By these means, we help organisations and individuals build excellence in risk management and raise awareness of risk across society so that they protect value and take advantage of opportunity.

IRM CHAIR’S MESSAGE

We strive to develop business and society

At the IRM, our mission is to advance the practice and understanding of risk management for the benefit of businesses and society. We are dedicated to empowering professionals and organisations with the knowledge, skills, and resources necessary to navigate an increasingly complex and interconnected world.

Through comprehensive education, pioneering research, and collaborative initiatives, we strive to cultivate resilient, forward-thinking leaders who can anticipate and manage risks effectively Our efforts ensure sustainable growth, innovation, and stability for businesses and communities globally.

Central to our mission is our diverse, global network of risk practitioners who bring unique cultural perspectives and insights to the field of risk management. This rich diversity enhances our collective ability to identify, assess, and mitigate risks in varied and nuanced ways, reflecting the global nature of today's business and societal challenges

We are a people-driven organisation, committed to the growth and development of our staff and students. By investing in continuous learning and professional development, we aim to better their experiences and capabilities, ensuring they are equipped with the latest knowledge and best practices in risk management

Adherence to the highest professional standards is fundamental to our work We set and maintain rigorous ethical and professional benchmarks for risk management practice, ensuring our members uphold integrity, competence, and accountability.

These standards not only enhance the credibility and trustworthiness of the risk management profession but also drive excellence in the services provided by our members, thereby contributing to the overall well-being and resilience of the organizations and communities they serve.

We are a people-driven organisation, committed to the growth and development of our staff and students

Our supportive environment encourages innovation, collaboration, and personal growth, fostering a sense of belonging and purpose among our members.

By fostering a worldwide community where risk management is the cornerstone we are committed to creating a safer and more resilient future for all

WHAT WE OFFER

We offer a suite of services designed to support the growth of risk management practitioners

Meeting your unique goals as a risk practitioner

Through a comprehensive suite of services we’ll offer you a pathway to advance your professional journey. Risk affects everyone in business and management, across every organisation and sector globally. You don’t have to be a risk manager to benefit from being a part of the IRM.

ADVISORY SERVICES

Guidance and support provided by risk experts to help clients achieve their goals and navigate business challenges

QUALIFICATIONS

Certifications that demonstrate an individual's knowledge, skills, and competence in the field of risk management

TRAINING

Educational programs and activities designed to enhance skills, knowledge, and performance

EVENTS

In-person or virtual gatherings focused on a theme related to one of our special interest or regional groups

COMMUNITY

A yearly membership to the IRM, granting access to exclusive benefits and resources for risk practitioners

SOCIETY & PARTNERSHIPS

Benefitting society through more robust ESG practices and activities

PROFESSIONAL STANDARDS

High standards of competence and integrity are the hallmark of risk management professionals.

As the professional and educational body for risk management, the IRM plays a leading role in setting these standards. They provide a framework for our qualifications, training, and members’ continued professional development (CPD).

The standards set out the knowledge, skills, and behaviours required from those working in risk management – that is, what risk professionals should know and what they should be able to do at various levels of their career, alongside the personal qualities and behaviours needed to do the job well.

They are flexible enough to accommodate different levels of risk maturity within organisations and the wide range of variations that exist in risk job roles.

Professional standards framework

Professional standards describe the knowledge and skills needed to do the job

There are four functional areas, each of which has a number of components:

Insights and Context

Strategy and Performance

Risk management process

Organisational capability

No matter where you are in your journey, we will help you in becoming a certified risk professional

We recognise our members' skills, knowledge and experience via different levels of membership. All professional members must complete at least 30 hours of CPD annually

Free Student Membership

If you ' re studying risk management at undergraduate or postgraduate level you can apply for free student membership while you are studying.

Download an application form here »

Through a comprehensive suite of services, we’ll offer you a pathway to advance your professional journey.

IRM ADVISORY

Level up your risk maturity

Taking a holistic view of your organisation's potential risks and their potential impact will enable you to respond and react faster than your competition, giving you that allimportant, sustainable competitive advantage.

IRM Advisory will advise, guide and mentor you in levelling up your risk performance by helping you get the most out of your risk frameworks and programs,

From understanding your risk appetite to setting the proper risk levels and developing an enterprise-wide risk culture.

IRM Risk Maturity Model

“IRM Advisory will support you in building your organisation's internal risk capabilities and competencies by optimising your tools and frameworks and give you the confidence to challenge and recommend solutions to senior management and the board.”

Address the top challenges facing your organisation

Maximise the performance and value of your internal business operations by identifying, predicting and mitigating imminent threats and obstacles faster

CYBER / DIGITAL

Reduce your digital exposure to better protect your organisation and customers from bad actors and cyber threats.

CLIMATE CHANGE

Make sure your organisation is on track to meet new climate changer legislations, regulations and targets.

GEOPOLITICAL

Improve your ability to respond to external disruptions and events that impact your business operations.

How can IRM Advisory support you?

SKILLS & COMPETENTICIES

Close the skills gaps in your workforce to improve your organisation's risk capabilities.

Delivered by IRM-accredited consultants who will provide practical advice and guidance to organisations looking to strengthen their resilience.

IRM Advisory will support you in building your organisation's internal risk capabilities and competencies by optimising your tools and frameworks and give you the confidence to challenge and recommend solutions to senior management and the board.

Maturity assessments & benchmarking

Appetite & tolerance levels

Framework design & implementation

Policies, statements & documentation

Organisation capabilities & competencies

Strategy & boardroom guidance

QUALIFICATIONS

Study with us to develop your career, knowledge and network.

Our risk management qualifications give you the broad knowledge and the practical skills you need to manage risks. You can learn from anywhere in the world via supported distance learning. This includes directed self-study and online coaching, with the option of blended learning workshops for the International Certificate in Enterprise Risk Management (ERM).

We support individuals who want a career in risk management, by providing qualifications. We benefit employers by helping them develop a highly-skilled team and improve their risk decision making.

At the IRM, we currently develop, deliver and award two types of qualifications:

Regulated – qualifications which are recognised by Ofqual and carries the Ofqual logo, a recognised quality mark and registered on the Regulated Qualifications Framework (RQF)

Unregulated – qualifications which are NOT yet recognised by Ofqual or registered on the Regulated Qualifications Framework

The IRM is however in the process of redeveloping its unregulated qualifications and once completed, they will be registered on the RQF and become regulated qualifications.

“I would recommend the ERM qualification to all Risk Managers looking for a great grounding in risk management principles and practises to support their organisations through the evolving risk landscape.”

Our Qualifications:

IRM is now regulated by the Office of Qualifications and Examination Regulation (Ofqual). Ofqual are responsible for making sure that:

regulated qualifications reliably indicate the knowledge, skills and understanding students have demonstrated assessments and exams show what a student has achieved people have confidence in the qualifications that they regulate students and teachers have information on the full range of qualifications that they regulate

International Certificate in Enterprise Risk Management (Level 5)

months 2 modules (180-200 hours per module)

International Certificate in Financial Services Risk Management (Level 5)

6-9 months 2 modules (180-200 hours per module)

International Certificate in Operational Risk Management (Level 4)

3-12 months 9 chapters (150 hours)

International Diploma in Risk Management

Up to 3 years 4 modules (180200 hours per module)

Digital Risk Management Certificate

6-9 months 1 module (180-200)

TRAINING

Building your career as a valuable risk professional.

All courses are delivered by industry experts so you can immediately apply the latest best practices

As well as being practical and interactive, the courses allow you to log CPD hours, and some offer accreditation

Areas we cover:

ACTION, MONITORING AND REVIEW

COMMUNICATION AND CONSULTATION

PRINCIPLES OF RISK CONTEXT AND OBJECTIVES

RISK ASSESSMENT

Methods of delivery:

CLASSROOM E-LEARNING

VIRTUAL TRAINING

“IRM Courses and Qualifications are packed with significant fundamentals of risk management which vary from principles and practical applications of risk management”

Courses are delivered to meet your organisation’s culture and work priorities.

Regulatory requirements and commercial awareness of the need to be risk-resilient means more organisations are strengthening their own risk expertise From inhouse and board-level training, to eLearning and company academies, we help organisations support a robust risk culture and a workforce equipped with the knowledge and tools to manage today’s risks.

The benefits of in-house training:

Consultation - We spend time with you to identify and assess your specific training requirements. This time with you ensures we develop a course that meets all of your objectives

IRM Approved Trainers - All our trainers are experts in their field, have a wealth of practical experience and are IRM members.

Cost-effective - We can often charge a lower delegate rate, particularly if we deliver the course at your premises. You will also save on the time and cost of delegate travel

Flexible - We work with you to ensure courses are structured and delivered to meet your organisation’s culture and work priorities.

In-house training options:

Bespoke - we work with you to develop and deliver bespoke training courses to meet all your objectives We develop the course and reference materials which can be delivered on a rolling basis or as a unique event, depending on your requirements

Tailored – one of our courses already meets the majority of your needs, but requires specific tailoring for a particular group of employees or client base to ensure a perfect fit

Standard – your requirements are already met by one of our courses, but you would prefer the course to be run in-house for a number of people

Each event gives you valuable and unique insights into risk management and helps grow our global network.

Our rolling programme of events helps you keep up-to-date with Enterprise Risk Management (ERM).

We run regional events, industry-specific updates, topical briefings, and annual conferences. We bring together professionals at all levels and work in partnership with other organisations.

Sponsorship is available for organisations wanting to raise their profile within the industry Each event gives you valuable and unique insights into risk management and helps grow our global network.

Partnering With Education Events

We work with world class universities to provide up-to-date and relevant learning, and to develop horizon scanning thought leadership for society. We also associate with other professional institutions to develop Enterprise Risk Management (ERM).

Selected education providers help to deliver our qualifications and training courses Organisations can deliver our training courses by becoming a licensed provider or have their own courses accredited by the IRM.

If you already hold a risk management qualification, you may qualify for exemptions to some of the modules on the International Diploma in Risk Management, thereby accelerating your journey to full professional qualification.

If you are exempt from Modules 1 and 2 (equivalent to the International Certificate in Enterprise Risk Management), then you may apply directly to become a Certificate Member of IRM (IRMCert)

Arrangements are in place with 3 UK universities, Birmingham City, Glasgow Caledonian, and Portmouth University to fast-track IRM diploma graduates (GradIRMs) through their master’s degree by awarding credits for the IRM diploma and reducing the time taken to complete the programme

THE INSTITUTE OF RISK MANAGEMENT

THE INSTITUTE OF RISK MANAGEMENT AFRICA/EAST AFRICA GROUP

THE INSTITUTE OF RISK MANAGEMENT INDIA AFFILIATE

AUSTRALIA GROUP

GERMANY GROUP

HONG KONG ( IOR )

IRAQ GROUP

KINGDOM OF SAUDI ARABIA AND BAHRAIN GROUP

NEW ZEALAND GROUP

NIGERIA GROUP

NORTH AMERICA AND THE CARRIBBEAN GROUP

PAKISTAN GROUP

QATAR GROUP

SOUTH AFRICA GROUP

THAILAND ( IOR )

UNITED ARAB EMIRATES GROUP

UNITED KINGDOM & IRELAND GROUP

ZIMBABWE GROUP

Developing better business and society across the globe

Whether you ' re new to risk management or an experienced risk professional, IRM membership will help you get ahead and stay there. You'll join over 9,000 risk management professionals across all industries, in the public, private and not for profit sectors

Join as:

An Affiliate if you are working in or have an interest in risk and want to access IRM resources and take part in networking and learning opportunities.

A student member if you are currently studying risk management at a university or other institute of higher learning Apply here

A Certificate Member if you hold a qualification/award which we have previously evaluated as covering the syllabus of the International Certificate in Enterprise Risk Management.

A Technical Specialist if you are working in a specialist area of risk and want formal recognition for your experience.

A Certified Member, either through having completed the International Diploma followed by at least 3 years professional experience, or via the Senior Executive route.

IRM Groups

Provide members with specific forums to network, exchange views, and share best practices with their peers Joining a group enables you to make valuable contacts and gain insight into topical, relevant and challenging risk issues.

SPECIAL INTEREST GROUPS

14+

REGIONAL INTEREST GROUPS

14+

Elevating Risk Management Education around the world

Building partnerships with purpose

The IRM is embarking on an ambitious growth strategy across Asia to expand the risk management community and promote the profession across rapidly evolving markets. With a keen understanding of the region's untapped potential, the IRM is committed to establishing a strong presence through a multifaceted approach that includes building corporate partnerships, forging targeted academic collaborations, and forming strategic alliances with key stakeholders.

To achieve this, IRM plans to actively engage with regulators, members, and local business communities to understand each market's unique challenges and opportunities.

By integrating its globally recognised qualifications into the curricula of leading academic institutions, IRM seeks to equip the next generation of professionals with the necessary skills and knowledge to navigate complex risk landscapes

Moreover, IRM is dedicated to promoting professional standards that align with global best practices, ensuring that businesses in Asia can mitigate risks effectively while seizing growth opportunities.

Through a series of events, workshops, and training programs, IRM aims to foster a culture of risk awareness that permeates all levels of organizations, from the C-suite to operational teams

This proactive approach is not only designed to benefit businesses by enhancing their resilience and strategic decision-making but also to contribute positively to society by promoting sustainable practices and ethical governance.

Our partnerships foster knowledge exchange and the development of cutting-edge risk management strategies.

As IRM continues to expand its footprint across Asia, it remains focused on creating a vibrant community of risk management professionals who are well-equipped to address the dynamic challenges of the future

We’re seeking out a wide range of partners:

Corporates

Media

Training Providers

Thought Leadership Partners

Risk Management Institutes and Associations

Sponsors

Higher Education Institutions (HEIs) and Business Schools

By partnering with IRM, you’ll be part of a network committed to excellence and innovation in risk management Together, we can navigate the complexities of today’s world and build a safer, more resilient future.

CONTACT US

+44 (0)20 7709 9808

Student Services

+44 (0)20 7709 4125

studentqueries@theirm.org

Events

+44 (0)20 7709 9808

events@theirm.org

Partnerships

(+44) 07767 929992

victoria robinson@theirm org

Training

+44 (0)20 7709 4124

training@theirm.org

Advisory

IRM Postal Address

The Institute of Risk Management 1st Floor, 80 Leadenhall Street, London, EC3A 3DH, UK

+44 (0)20 7709 9808

sanjay himatsingani@theirm org

Member Services

+44 (0)20 7709 9808 (menu option 2) membership@theirm.org

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