Home News IRM issues certification scheme designed to “raise global standards” for the risk profession

IRM issues certification scheme designed to “raise global standards” for the risk profession

by Brian Sims
IRM members can now apply for certified membership

IRM members can now apply for certified membership

The Institute of Risk Management has introduced new certification for risk professionals, in turn bringing the sector into line with other professions such as accounting and law. Risk practitioners across the world can now become a Certified Member and use the new professional designation CMIRM. This status is achieved through a combination of qualifications, experience, ongoing professional development and commitment to the IRM’s own Code of Conduct.

Launching the new scheme, the IRM’s CEO Ian Livsey told Risk UK: “Professions such as accounting and the law have long provided comprehensive, credible certification for their practitioners. For the first time, the IRM’s certification programme now sets the same bar for those working in the sphere of risk. We believe this is the most thorough and comprehensive programme of its kind and will go on to become the ‘gold standard’ certification for the risk profession on the global stage.”

Livsey continued: “The scheme is underpinned by a comprehensive professional standards framework. This will give employers absolute confidence in the quality and ethics of their hiring choices while at the same time providing risk professionals with the means to benchmark their own progress at every stage of their career.” 

Ian Livsey: CEO at the IRM

Ian Livsey: CEO at the IRM

The IRM’s chairman José Morago believes the certification scheme is a significant step forward for the risk profession.

“This is a major milestone in the development and professionalism of risk management,” stated Morago, “and the IRM is proud to be at the forefront of these changes. Risk professionals have an incredibly important organisational and societal role to play in managing risks and maximising opportunities. Our certification scheme sets out the standards of Best Practice for the profession worldwide, and gives organisations new confidence that they’re recruiting risk professionals with the right experience and skills.”

IRM members can apply for certified membership now, with the first Members and Fellows receiving their awards at a ceremony in London later this week.

How to qualify for certified status

To qualify for certified status, risk professionals must meet the following criteria:

IRM chairman Jose Morago

IRM chairman Jose Morago

*Gain the IRM’s International Diploma in Risk Management or an equivalent qualification

*Certified Members (CMIRM) must have three years’ experience in a risk role. For their part, Certified Fellows (CFIRM) must have at least eight years’ experience

*CMIRMs and CFIRMs must complete a minimum of 30 hours per year of Continuing Professional Development (CPD) activities

*All IRM members are bound by the highest standards of behaviour, integrity and ethics as set out in the IRM’s Code of Conduct

For more details on how to become a Certified Member visit the IRM’s website: www.theirm.org

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