Course Overview
The Certificate in Risk Management provides foundational knowledge in identifying, assessing, and managing risks in various sectors. Topics include risk assessment techniques, risk mitigation strategies, and regulatory frameworks. Ideal for professionals seeking to enhance their risk management skills.
Duration:
6 to 12 months depending on the institution and the depth of the course.
Syllabus (Semester-wise):
A Certificate in Risk Management provides comprehensive knowledge of identifying, analyzing, and mitigating risks in business operations, finance, and investments. The syllabus includes fundamental risk management concepts, regulatory requirements, and hands-on practices in risk assessment.
Semester 1:
Introduction to Risk Management: Overview of risk management, different types of risks (financial, operational, credit, and market risks), and the importance of risk management in businesses.
Risk Assessment and Analysis: Tools and techniques for assessing and quantifying risks, risk matrix, scenario analysis, and sensitivity analysis.
Corporate Governance and Risk: Understanding corporate governance frameworks and their impact on risk management strategies.
Regulatory Framework for Risk Management: Overview of global and Indian regulatory standards, including Basel norms, SEBI guidelines, and risk governance models.
Quantitative Methods for Risk Analysis: Basic statistical tools and models for risk measurement and analysis, including VAR (Value at Risk), stress testing, and simulation techniques.
Semester 2:
Enterprise Risk Management (ERM): Integrated approach to managing enterprise-wide risks, risk culture, and risk appetite frameworks.
Financial Risk Management: Focus on financial risk assessment, including credit risk, market risk, and liquidity risk. Use of derivatives for risk hedging and mitigation.
Operational Risk and Business Continuity: Identifying operational risks, implementing internal controls, and planning for business continuity in case of operational failures.
Risk Management Technology: Use of software and tools like risk management systems (RMS), credit scoring models, and data analytics in risk management.
Practical Project/Internship: Applying risk management theories in practical scenarios, conducting real-life risk assessments, and preparing risk reports for organizations.
Average Fees:
₹20,000 to ₹1,00,000 depending on the institution and the resources provided.
Exams to Attend:
To earn the certification, students must pass internal assessments and semester-end exams conducted by the institution. Additionally, advanced certifications in risk management may require passing external exams such as:
FRM (Financial Risk Manager) Exam by the Global Association of Risk Professionals (GARP).
PRM (Professional Risk Manager) Certification from the Professional Risk Managers' International Association (PRMIA).
Ten Most Ranking Institutions Combined Ranking in India:
Indian Institute of Management (IIM), Ahmedabad
National Institute of Securities Markets (NISM), Mumbai
Global Association of Risk Professionals (GARP) Institute, Mumbai
Indian School of Business (ISB), Hyderabad
Institute of Risk Management (IRM), India Affiliate
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
Symbiosis Institute of Business Management (SIBM), Pune
Amity University, Noida
ICICI Manipal Academy for Banking and Insurance, Bangalore
Welingkar Institute of Management Development & Research, Mumbai
Top Ten Institutions in Kerala:
Indian Institute of Management (IIM), Kozhikode
Rajagiri Business School, Kochi
Cochin University of Science and Technology (CUSAT), Kochi
Mahatma Gandhi University, Kottayam
Kerala University, Thiruvananthapuram
Farook College, Kozhikode
Sacred Heart College, Ernakulam
St. Teresa’s College, Kochi
St. Joseph’s College, Devagiri, Kozhikode
Mar Ivanios College, Thiruvananthapuram