Advanced Diploma in Risk Management

Course content and structure:

The course contains a total of 10 modules, of which modules one to five form the Diploma in Risk Management. However, all 10 modules must be completed in order to qualify for use of post-nominal letters (CRM - Certified Risk Manager), enhancing your status and reputation as a risk professional.

OCRM Advanced Diploma in Risk Management has ten Modules.
The Diploma in Risk Management is achieved on successful completion of the first five of these modules.

MODULE ONE: Enterprise Risk Management: An Introduction and overview

This module covers the following chapters:

1. A brief History of Risk Management
2. ERM and its Role in Strategic Planning and Strategy Execution
3. The Role of the Board of Directors and Senior Management in Enterprise Risk Management

MODULE TWO: ERM Management, Culture and Control

This module covers the following chapters:

1. Creating a Risk Aware Culture
2. ERM Frameworks
3. Identifying and Communicating Key Risk Indicators

MODULE THREE: ERM Tools and Techniques

This module covers the following chapters:

1. How to Use Corporate Risk Tolerance
2. How to Plan and Run a Risk Management Workshop
3. How to Prepare a Risk Profile
4. How to Allocate Resources Based on Risk
5. Quantitative Risk Assessment in ERM

MODULE FOUR: Special Topics and Case Studies

This module covers the following chapters:

1. Establishing ERM Systems in Emerging Countries
2. The Rise and Evolution of the Chief Risk Officer: Enterprise Risk Management at Hydro One

MODULE FIVE: Applying Risk Management Software

This module covers the following chapters:

1. A Practical Hand on Vigilant Risk Manager

MODULE SIX: ERM Implementation at Leading Organisations

This module covers the following chapters:

1. ERM at Mars, Incorporated: ERM for Strategy and Operations
2. Value and Risk: Enterprise Risk Management at Statoil
3. ERM in Practice at the University of California
4. Strategic Risk Management at the LEGO Group: Integrating Strategy and Risk Management
5. Turning the Organizational Pyramid Upside Down: Ten Years of Evolution in Enterprise Risk Management at United Grain Growers
6. Housing Association Case Study of ERM in a Changing Marketplace
7. Lessons from the Academy: ERM Implementation in the University Setting
8. Developing Accountability in Risk Management: The British Columbia Lottery Corporation Case
9. Starting from Scratch: The Evolution of ERM at the Workers’ Compensation Fund
10. Measuring Performance at Intuit: A Value-Added Component in ERM Programs
11. TD Bank’s Approach to an Enterprise Risk Management Program

MODULE SEVEN: Linking ERM to Strategy and Strategic Risk Management

This module covers the following chapters:

1. A Strategic Approach to Enterprise Risk Management at Zurich Insurance Group
2. Embedding ERM into Strategic Planning at the City of Edmonton
3. Leveraging ERM to Practice Strategic Risk Management

MODULE EIGHT: Specialised Aspects of Risk Management

This module covers the following chapters:

1. Developing a Strategic Risk Plan for the Hope City Police Service
2. BlueWood Chocolates
3. Kilgore Custom
4. Implementing Risk Management within Middle Eastern Oil and Gas Companies
5. The Role of Root Cause Analysis in Public Safety ERM Programs
6. JAA Inc.—A Case Study in Creating Value from Uncertainty: Best Practices in Managing Risk
7. Control Complacency: Rogue Trading at SociétéGénérale
8. The Role of VaR in Enterprise Risk Management: Calculating Value at Risk for Portfolios Held by the Vane Mallory Investment
9. Uses of Efficient Frontier Analysis in Strategic Risk Management: A Technical Examination

MODULE NINE: Mini-Cases on ERM and Risk

This module covers the following chapters:

1. Bim Consultants Inc.
2. Nerds Galore
3. The Reluctant General Counsel
4. Transforming Risk Management at Akawini Copper
5. Alleged Corruption at Chessfield: Corporate Governance and the Risk Oversight Role of the Board of Directors
6. Operational Risk Management Case Study: Bon Boulangerie

MODULE TEN: Other Case Studies

This module covers the following chapters:

1. Constructive Dialogue and ERM: Lessons from the Financial Crisis
2. Challenges and Obstacles of ERM Implementation in Poland
3. Turning Crisis into Opportunity: Building an ERM Program at General Motors
4. ERM at Malaysia’s Media Company Astro: Quickly Implementing ERM and Using It to Assess the Risk-Adjusted Performance of a Portfolio of Acquired Foreign Companies