|Course at QLS||Level 5|
|Endorsement||Endorsed by Quality Licence Scheme|
|Study Method||Online Learning|
|Course Duration||450 Hours|
|Entry Requirements||No Entry Requirements|
With Oxford Home Study Centre, your career in risk management starts today! Our most advanced course to date, this Level 5 Risk Management Certification Course is open to ambitious candidates looking to build a brighter future! Learn how risk management contributes to the performance, position and profitability of almost every business worldwide. Study the intricacies of enterprise risk management, the functions of operational risk management and the art of the effective risk assessment. Develop the skills, knowledge and confidence to assume a leadership role in risk management at any level! With the committed support of your own personally-assigned tutor, the career of your dreams could be right at your fingertips! Get started on your Level 5 Certified Risk Manager Certification program with Oxford Home Study Centre today!
Why Study Risk Management?
Every organisation worldwide operates in the face of countless threats. Some internal, some external – some controllable, others completely out of the firm’s hands. Across the board, risk management is the framework that enables the business to avoid crises and safeguard its future. Risk management affects all aspects of a company’s performance and output. Ensuring regulatory compliance, cost-reduction, maximising profits, appealing to clients and investors – all in a day’s work for the professional risk manager. Unsurprisingly therefore, demand for talented risk manager is consistently high in key markets worldwide. If you’ve got the drive, determination and ambition to make it to the top, there’s never been a better time to get started.
This fully-endorsed Level 5 Risk Monitoring and Control Course is open for enrolment 365 days a year. Enjoy the freedom to study in your own time and at your own pace, exploring the art of effective risk management over the following 13 modules:
Unit 1. Introduction to Risk Management
The course begins with a detailed exploration of the objectives, limitations and general applications of risk management in the workplace. Candidates study the roles and responsibilities of those who work in a risk management capacity, along with a series of essential risk management tools, key risk management activities and the potential consequences of ineffective risk management.
Unit 2. Classification of Risk
A detailed overview of several major risk classifications follows in the second module, with examples of each type of risk and its capacity to affect business performance. Risk classifications discussed include liquidity risk, financial risk, market risk, operational risk, technological risk, economic risk, political risk, legal risk and more.
Unit 3. Enterprise Risk Management
Module three provides an in-depth introduction to the concept and applications of enterprise risk management (ERM). Primary ERM roles and responsibilities are discussed, along with how a business must take risks at a variety of levels to meet its objectives.
Unit 4. Risk Analysis & Assessment
Candidates then discuss the process of analysing the effectiveness of an existing risk management framework, in order to make improvements and expansions of coverage where necessary. Learners study a breakdown of the effective risk assessment process and learn how to carry out workplace risk assessments.
Unit 5. Risk Identification: Process & Analysis
Module five examines the first key stage in the risk management process – the identification of risks. A variety of internal and external threats are discussed, along with the effective use of a risk register and how to consider risks contextually while factoring in the potential rewards.
Unit 6. The Risk Evaluation Process
The process of evaluating risks identified during the risk assessment is detailed in module six, which outlines the importance of a business-wide risk response strategy. Candidates learn how to plan and implement control measures to both monitor and mitigate threats at a variety of levels.
Unit 7. Managing Financial Risks
A detailed introduction to financial risk management follows in module seven, outlining the various different types of monetary threats a business may face. Examples of which include currency risk, foreign investment risk, environment risk, liquidity risk, recovery risk, counterparty risk, general investment risk and more.
Unit 8. The Fundamentals of Operational Risk Management
Operational risk management (ORM) is discussed at length in module eight, with a strong focus on regulatory and statutory requirements in business. The development, implementation and optimisation of an operational risk strategy is examined, along with the responsibilities and duties of the ORM specialist.
Unit 9. Managing Technology Risks
In module nine, course content covers both the threats and opportunities presented by technology in a risk management setting. Cyber-crime and identity theft are discussed, alongside other types of internal and external technological risks, potential measures for preventing/deterring attacks and more.
Unit 10. Managing Legal & Political Risk
Candidates then learn how and why an organisation must plan for and deal with a variety of risks over which it has no direct control. A series of key legal and political risks are outlined and explored, along with a detailed breakdown of contractual risk in a business environment.
Unit 11. Environmental Risk Assessment
Effective techniques for analysing and managing environmental risk are discussed in module 11, which also details several common types of environmental risk. Candidates learn about the growing importance of taking a proactive approach to environmental preservation, along with how to carry out a detailed environmental risk assessment.
Unit 12. Market & Social Risk Assessment
In module 12, the conceptual framework known as social risk management (SRM) is discussed, along with effective social risk assessment techniques. Candidates study the value and importance of considering an organisation’s impact (positive or negative) at a social level.
Unit 13. Preparing a Risk Management Plan: Step by Step
The course concludes with a detailed breakdown of the effective risk management plan, along with crucial tips for its successful implementation. Each step of the risk management planning process is explored, both individually and as part of a cohesive framework.
Paying in Instalments: £640(interest FREE Instalments)
No of Instalments: 12
Each Instalment: £40
Pay in Full: (£100 Discount) £540
At the end of this course successful learners will receive a Certificate of Achievement from the Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).
This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.
Our most advanced Risk Management Diploma is ideal for anyone looking to climb to top of the ladder in a risk management setting. From job-seekers to established professionals pursuing promotion, a Level 5 Risk Management Diploma could make all the difference! We also strongly recommend advanced risk management studies for business owners, managers and anyone interested in starting their own business. Successful candidates will benefit from an invaluable and highly-transferable set of skills and competencies for life. Entry-level salaries in risk management starting from around £20,000 to £30,000.
Who should Take This Course?
We’re proud to support ambitious candidates worldwide with their ongoing professional development. This exclusive Level 5 Risk Management Diploma was designed with the following candidates in mind:
An endorsed Level 5 Risk Management Diploma on your CV could take you places you never dreamed possible! Enrol online, or contact the team at Oxford Home Study Centre for more information!