Corporate risk management refers to the methods that a company uses to minimize risk. These risks include financial loss, employee loss, information loss, and even customer and vendor relationship loss. Risk management can also refer to external threats, such as the fluctuations in the financial market that affect its stock price or financial assets.
The role of a Corporate Risk Manager is to assess these risks and help the companies they work for avoid potential problems. Risk managers are often responsible for the development and implementation of formal Quality Management and safety guidelines within their organization. Every industry has a unique set of risks, so managers must be keenly aware of the risks within that industry. They may establish processes for internal audits to ensure continued compliance and methods to track safety implementation systems.
The demand for risk managers is high! In fact, risk management related positions are estimated to grow at 22% over the next ten years, much fast than other industries. Risk Managers are needed by companies looking to identify and reduce risks within their organization. Gaining a certification in risk management can be the first step in getting started in this exciting industry.
The Corporate Risk Manager certification program from the Management and Strategy Institute is completed 100% online and includes the study material and the MSI certification exam.
This certification does not have any prerequisites. The training material includes all of the course work required to learn the system. You do not need prior work experience to take this certification program. To be successful, risk managers should be forward-thinking and have the ability to study and learn standards within the industry they work. Comfort with math & statistics is beneficial but not required for Risk Management certification.
The material included is designed to give you a basic understanding of risk management. This professional development certification was designed to teach someone with little knowledge of risk management the basic skills to get started in the industry. The field of risk management is growing quickly and many jobs today require quality and risk management understanding. For an example, click on this job search link to see how many positions mention the words “Risk Manager”.
The training course is self-paced. Time to complete and fully comprehend will vary with every individual. It may take several days or weeks of study before you feel comfortable to take the final test. You may take the final exam as soon as you’re ready. You have 1 year from the date of purchase to complete the course.
MSI recommends these books if you would like to order additional materials to assist with their studies. These books are not required, but will help you prepare for the certification exam. These books are available through Amazon or B&N:
John Hampton (08/05/2009), Fundamentals of Enterprise Risk Management, ISBN-13: 978-0814434642
Paul Hopkin (07/2018), Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management, ISBN-13: 978-0749483074
This online risk management certification exam is timed with a limit of 2 hours. The exam is completed online from home or work. You may take the exam as soon as you are ready, it does not need to be scheduled in advance. Most questions are multiple choice.
Participants who successfully complete this certification program will receive:
You are registering for the Corporate Risk Manager Certified (CRMC)™ certification program through the Management and Strategy Institute (MSI). This certification is exclusive to MSI and you will be certified directly by the Management and Strategy Institute upon passing. This certification is based on standard 7.6.115 of the Process Improvement Certification Standards guidelines.
You will be mailed a professional certificate, as well as professional transcripts which you can give to employers who request it. The certificate is heavy-stock, cream paper suitable for framing.
Certifications are generally the last item listed under the education section of your resume. List them directly beneath your college information in this format:
Management and Strategy Institute
– Corporate Risk Manager Certified (CRMC)™