RISK IN FINANCIAL SERVICES
Award In Risk In Financial Services (L3)
Duration
The Total Qualification Time for this qualification is 183 hours.
Start Dates
Flexible
Fees
Corporate Packages available.
Refer to IBCM
Delivery
Face2Face | Online | Blended
Entry Requirements
No formal entry requirements
Student Satisfaction
95% of Our students would recommend IBCM / IBCM Student Survey 2022
Awarding Body
CISI
UCAS Course Code
N/A
Course Overview
The Risk in Financial Services qualification is a comprehensive global introduction to the major risk areas in financial services. It provides a sound grounding in the principles of the risk management framework and corporate governance and risk oversight. It covers specific techniques used in identifying, reducing and managing operational risk, credit risk, market risk, investment risk, liquidity risk and model risk.
The Risk in Financial Services qualification is aimed at risk teams, compliance teams, branch management, corporate lawyers, finance officers, senior managers of all disciplines and existing and aspiring non-executive directors.
Ofqual approval
Risk in Financial Services is regulated by Ofqual (on its Regulated Qualifications Framework) as the level 3 Award in Risk in Financial Services. Risk in Financial Services, combined with a regulatory paper, is recognised by Ofqual as the level 3 Certificate in Risk in Financial Services.
Total Qualification Time
The Total Qualification Time for this qualification is 183 hours. “
Key features
- Covers all key risks in financial services – operational, credit, market, investment and liquidity
- Globally portable – addresses international issues, reflecting the needs of a worldwide market
- Addresses techniques used to identify, reduce and manage specific aspects of risk
- Flexible study options – can be taken as a stand-alone qualification or combined with other units to achieve the full Certificate in Risk in Financial Services or Investment Operations Certificate (IOC)
- ACSI designatory letters
Syllabus
- Principles of Risk Management.
- International Risk Regulation
- Operational Risk
- Credit Risk
- Market Risk
- Investment Risk
- Liquidity Risk
- Model Risk
- Risk Oversight and Corporate Governance
- Enterprise Risk Management (ERM)
“Risk management should be the responsibility of everyone, not just risk managers. The tone
from the top is very important in determining what risk culture permeates an organisation.”
Chua Kim Leng, Executive Director,
Specialist Risk Supervision Department, Monetary Authority of Singapore
Progression
Upon completion of Risk in Financial Services, higher level qualifications to take include:
- Investment Operations Certificate
- Diploma in Investment Compliance
Syllabus
- Principles of Risk Management.
- International Risk Regulation
- Operational Risk
- Credit Risk
- Market Risk
- Investment Risk
- Liquidity Risk
- Model Risk
- Risk Oversight and Corporate Governance
- Enterprise Risk Management (ERM)
No formal entry requirements, however, industry experience will help candidates relate what they are learning to their role in the industry.
You will be taught at our Central Manchester location and will attend three terms each year. You will attend classes 3 days a week, averaging 15 hours a week. Your classes will be scheduled Monday to Friday between 9am and 5pm and you will experience a variety of teaching methods. Most modules are delivered through lectures, seminars and workshops.
- Lectures provide a broad outline structure for each topic to be covered. Lectures offer a good way of covering a lot of information and, more importantly, of conveying ideas to many people at once.
- Seminars enable you to complete directed self-study and to answer questions and solve problems which are set by the lecturer. You will discuss your answers and solutions within the seminar group. Seminars will enable you to explore further the topics introduced in the lectures.
- Workshops follow on from lectures and seminars. They are designed to enable you to work within a small group to perform set tasks (e.g. working on an exercise or case study).
Assessment
To achieve each module you will have to demonstrate competence in each of the relevant learning outcomes identified above. Assessment may take the form of a completed written assignment or report, a project, or a presentation (or combination of any of the above). Some group work may take place, although you will always be assessed on an individual basis.
You will be given formative assessment early on in each module to enable you to identify where your strengths are and which areas you need to develop in order to be successful.
You will then be assessed at the end of each module against the required Learning outcomes. All assessments go through our own Internal Quality Assurance process to ensure that they meet the highest possible standards and give you every opportunity to achieve (see IBCM Assessment and Verification Policy)
Students will be awarded a grade of pass, merit or distinction for each module and an overall grade at the end of the qualification.
All of our assessment and internal quality procedures are regularly monitored and an Assessment Board will be held at the end of each term to verify all decisions made as well as to investigate any issues of concern.
Should you not meet the learning outcomes on your first submission, you will be given one opportunity for a resubmission. You may also be given the opportunity to resubmit in order to obtain a higher grade. If, at the resubmission, you still do not meet the required outcomes, one opportunity to retake the unit can be authorised. This unit can then receive a maximum pass grade.
If a unit is still not passed at this stage it is deemed to have failed. Your assessor will discuss the options with you, such as an alternative unit in the case of optional units, or whether you are able to study the core module again (repeat). See IBCM Assignment submission procedure. Full attendance at lessons for the repeated module is required along with appropriate payment.
There are compensation provisions within both the HNC and HND provision in that students can still be awarded the qualification if they have not achieved a pass in one of the 15 credit units completed, but have completed and passed the remaining units5
For details of fees see full price list.