Level 4 - International Certificate in Operational Risk Management

Overview

🕮 Off the shelf (OTS)

The Level 4 International Certificate in Operational Risk Management (ICORM) is a professional qualification designed to introduce students to the fundamental theory, management, and application of Operational Risk Management to ensure timely organisational success. This enhances an organisation’s ability to achieve its objectives and ensure sustainability based on transparent and ethical behaviours. Made up of 9 units exploring various aspects of operational risk management through academic theory and practical application the course aims to provide the foundations of operational risk management through the examination of core principles and concepts which can effectively and practically be embedded within an organisation.

Students are automatically registered for the next available assessment session, but they could transfer free of charge to a different session if the exam has not yet been booked. To do so, it must be done at least 15 calendar days before the exam start date, directly with the supplier. If the student has booked the exam already, it won't be possible to transfer the exam, and they will need to pay to re-sit fee to be able to sit for the next available session

Note, this qualification has an exam which learners will need to attend in person at a Person Vue exam test centre. The exam consists of 60 Multiple Choice Questions (MCQs) that are to be completed in 90 minutes. The pass mark changes from session to session after reviewing student performance to ensure consistency, validity, fairness, and relevancy.

• Each unit consists of several lessons which provide knowledge in bite-size pieces and accompanied by relevant references to essential and further reading material in books and articles supporting the lessons being taught, to widen their knowledge of the subject.
• The qualification can be started without any prior knowledge of Risk Management and so it’s important to plan for approximately 150 hours of preparation. This includes reviewing the learning materials and reading the recommended textbook. The Certificate is delivered over a 6-month period which requires skill in time management, which is supported by the planning materials in the Student Handbook.
• Undertaking the activities and engaging in the discussion forums for this qualification support learners in completing and understanding challenging academic materials.
• Enabling students to be better able to be involved in and implement risk management processes.
• Undertaking the activities allows students to apply the theory taught to improve their confidence in their risk management knowledge.
• Each unit has been designed by qualified risk managers, who are expert practitioners in the field of risk management and engaged in academic activities outside of the IRM.
• The outline specification for the certificate has been shared with previous students and external risk management professionals to test the validity and value of the subject matter, in line with students and potential and existing employer expectations.

Providing activities (sometimes called assessment of learning) is a formal method to evaluate learning
• By comparing learning to a standard or benchmark. This is typically at the end of a unit or period to progress students to next unit:
• Each unit includes an activity that allows students to understand what they have been taught through the lessons.
• The qualification course materials include an introduction and a summary video followed by access to
• Exemplar questions, providing them with knowledge of the examination format and the expectations of the IRM.

Successful completion of this course requires access an external online assessment. The online assessment platform may not be accessible from Civil Service department IT due to security restrictions. If you have any questions or believe you may be impacted by these restrictions, please contact support@governmentcampus.co.uk.