The CIRM programme was designed by Keith Checkley & Associates of London, UK, in partnership with the Jamaica Institute of Financial Services and close consultation from the financial services industry, to help financial institutions develop and certify competency levels for professional risk managers. 

The programme is accredited by the Chartered Banker Institute, Scotland, UK (the oldest Banking Institute in the world) and is endorsed by the Caribbean Association of Banks. 

The Certified International Risk Manager Programme provides you with the knowledge and tools required to assess a variety of risks. Gain the skills and confidence to make risk management decisions that benefit your financial institution.

The CIRM Programme utilizes blended learning and covers six (6) modules of intensive training delivered via a combination of eLearning and online interactive lectures. These modules are delivered by local and international lecturers who are seasoned professionals in their respective fields.

The modules contained in this programme are:

Module I

Enterprise wide Risk Management 

• Basel II/III and Guidance for Film Wide Governance and Risk Management.
• Defining Enterprise Wide Risk management (EwRM)
• Establishing an EwRM Framework with Responsibilities
• Key areas of risk within the Organization
• Managing Different Strategic Units and Cultural Issues
• Developing Flow Charts for Expected Outputs 

Module II

Investment and Liquidity Risks

• Measuring Investment returns v risk
• Managing/Monitoring and reporting of Investment Portfolio
• Asset classes and the Investment mandate
• Liquidity Risk and the need for Cash Flow
• Basel II/III and Principles for liquidity Management
• Stress Testing liquidity 

Module III

Reputational Risk & Corporate Governance

• Reputational Risk—what is and how to manage it
• Working with professionals and ethics—some ethical dilemmas
• Corporate Governance - Duties of Board and management
• Independent Directors, Executive and Non-Executive Directors
• Relations with shareholders and other Stakeholders
• Financial Disclosure

Module IV

Credit and Operational Risks 

• Definitions of Credit Risk and Key Credit Risk Management Principles
• Basel II and Credit Risk Gradings
• Managing the Loan Portfolio
• Definition of Operational Risk and Key Risk Management Principles
• Basel II and Operational Risk Business Lines
• Developing Operational Risk Templates For Expected Outputs

Module V

Regulations and Compliance Risks

• The work of the Basel Committee—setting International Standards
• Principles based Regulation v rules based Regulation
• UK FSA approach—US Sarbanes Oxley
• Major Compliance issue and challenges
• Conflicts of Interest/Insider trading and market abuse
• Investigations and Dispute resolutions

Module VI

Market Risk & Financial Instruments

• Defining Market Risk and the Basel II Over view
• Key components within Market Risk
• Using VAR as a Risk Management tool and its limitations
• The importance of stress testing scenarios
• Setting market risk limits
• Reviewing market risk models

WHO WILL BENEFIT?

• Risk Managers
• Operations Managers
• Financial Managers
• Fund Administrators
• Insurance Agents/Brokers
• Real Estate Agents/Brokers

Full course cost - US $4,500 +gct (Includes course materials, lectures, and examination) 

Payment Plans are available.