The Institute of Risk Management, based in London (UK), is the world's leading professional body for Risk Professionals. IRM has been driving excellence and has trained over 20,000+ students in Risk Management. IRM Members are working in the industry at companies like Deloitte, Swiss Re, Aditya Birla Group, Edelweiss, Larsen & Toubro (L&T), India First Insurance, JLT, Natwest Markets and others. IRM provides 5 Levels of globally recognised qualifications in Risk Management. Level 1 Qualification is most suitable for students.
Chapter 1: Introduction to processes and organisation structures
Chapter 2: Reasons why businesses are failing
Chapter 3: Concepts of risk, risk management, impact analysis
Chapter 4: Global Risks 2020
Chapter 5: Simulation game from risk identification to risk mitigation
Chapter 6: Risk research, reading annual reports, analysing listed companies from a risk perspective
Chapter 7: Playing the role of board of directors and taking decisions
Chapter 8: Creating risk appetitite and scoring of risks
Chapter 9: IRM Risk Wheel
Chapter 10: Risk review and monitoring
Chapter 11: Risk management compliance in India
Chapter 12: Managing the business ecosystem
Chapter 13: Stakeholder analysis
Chapter 14: Diversification risks
Identify risks across all functions [not only finance or insurance]
Read annual reports and analyse the financials from a risk perspective
Assess risks and arrive at mitigation strategies and solutions to reduce the impact of the risks
Understand how organisations operate, why they fail, root-cause analysis
How to take decisions after evaluating opportunities and risks both
Increase awareness about global events and cases of massive failures
How to prioritise risks that have material impact on your business, startup, corporate organisation
Risk Management is also mandatory for listed companies and banks in India.
There is a huge demand from the industry for risk management professionals. According to our study, there are 11,000 vacant positions in the companies like Deloitte, Swiss Re, Aditya Birla Capital, Edelweiss, Larsen & Toubro (L&T), India First Insurance, JLT and Others.
Risk Consulting in large consulting / advisory firms
Set up risk management in startups / family businesses
Credit / risk teams in NBFCs/ Banks
Risk research in credit rating agencies
Industry risk management teams across sectors like manufacturing, FMCG, Pharma, Retail, E-Commerce, Metals and others
Student would get the certificate after successful completion of examination conducted by IRM at end of each month.