The Institute of Risk Management (IRM) recently launched its all-new International Certificate in Financial Services Risk Management at the Merchant Taylors’ Hall in central London. Over 60 key players from the financial services industry were in attendance at the event to hear speeches from IRM chair Nicola Crawford CFIRM, Vicky Gray (head of learning leadership at the Barclays Risk Academy), Socrates Coudounaris (deputy chair at the IRM) and Simona Fionda IRM Cert, head of risk for the Financial Services Compensation Scheme.
Vicky Gray from the Barclays Risk Academy (which has 550 staff registered with the IRM as part of a group scheme) gave a thought-provoking presentation on the importance of having qualified staff on the payroll and announced Barclays’ commitment to put 60 learners through the new qualification and a further eight on an apprenticeship as part of the Barclays Risk Passport scheme.
Emma Maries TAP.dip, vice-president at the Barclays Risk Academy, commented: “Barclays is committed to supporting colleagues with their self-development as we know what a positive impact this has on broadening their risk knowledge and technical skills, both through our internal IRM-accredited Risk Passport and then with further external study through the IRM. The International Certificate in Financial Services Risk Management will enhance students’ knowledge of all areas of risk management through both theoretical and practical application during the course of their studies.”
Ian Livsey, CEO of the IRM, added: “Barclays has shown a great commitment by signing up its learners to our qualifications, ensuring that all staff are up-to-date with their learning and competent in their roles. The Barclays Risk Academy is truly leading the way. The new qualification has been updated to reflect changes in the regulatory environment, including Basel III and Solvency II, and is designed to be applicable for all those working in financial services who have risk within their remit. In the wake of the financial crash, risk management is now more important to businesses and the economy than ever before.”
One of the delegates at the event informed Risk UK: “According to the Financial Conduct Authority’s website, over 56,000 firms are regulated by that body. If all of them demonstrated the same level of commitment to effective risk management as that shown by Barclays then the UK’s economy would be transformed.”