A Milestone in Risk Management: IRM Gains Esteemed OFQUAL Accreditation

August 19, 2023

Key Takeaways:

  1. The Institute of Risk Management (IRM) secures OFQUAL accreditation for its International Certificate in Enterprise Risk Management (ERM).
  2. This acknowledgment advances the quality of risk management education and instills further trust in the qualifications provided by IRM.
  3. The Certificate is now listed on England’s Regulated Qualifications Framework at Level 5.
  4. Students and employers stand to benefit significantly from this accreditation.

About the Institute of Risk Management (IRM)

Founded with the vision to set high standards in risk management education, training, and professional development, the Institute of Risk Management (IRM) has grown into a global hub. With members and affiliates spread across the world, IRM’s mission is to empower both individuals and organisations with the prowess needed to navigate the multifaceted realm of risk in today’s business landscape.

Taking Risk Management to the Next Level: OFQUAL Accreditation

For any educational institution, achieving an accreditation is a testament to its dedication to excellence. For the IRM, being recognised by the Office of Qualifications and Examinations Regulation (OFQUAL) is not just an accolade; it signifies a monumental step forward in risk management education.

Stephen Sidebottom, Chair of the IRM, reflects on this accomplishment:

“With the recognition from OFQUAL, the Institute of Risk Management remains at the forefront of risk management education and professional development. We are deeply committed to inspiring and guiding entities worldwide to cultivate resilient and sustainable risk management practices.”

This accreditation will not only boost the credibility of the International Certificate in ERM but also means that students completing the program by December 2023 will possess a regulated qualification.

What Does the OFQUAL Recognition Entail?

Earning recognition from OFQUAL, an independent regulator for qualifications and assessments in England, is synonymous with meeting stringent standards of excellence. The International Certificate in ERM, designed to provide a robust understanding of risk management, now aligns with the latest principles and practices in the field. The evaluation criteria include a multiple-choice exam and three comprehensive assignments.

Benefits for Students and Employers

The value of this accreditation resonates deeply with both students and employers. Students enrolling in the International Certificate in ERM program now have an added layer of confidence. This OFQUAL-backed certificate can be a game-changer in the competitive job landscape, amplifying their professional credentials and enhancing potential earning opportunities.

Employers, on the other hand, can take solace in the fact that hiring professionals with this esteemed certificate means integrating a workforce proficient in identifying, analysing, and mitigating risks. This directly contributes to fortifying the risk management ethos within an organisation.

For those eager to explore further about the International Certificate in ERM or to delve into the myriad of qualifications and training offered by the Institute of Risk Management, the door to knowledge is just a click away: IRM Qualifications and Training.

In Conclusion

The future of risk management looks promising with institutions like the IRM leading the way. As risk landscapes continue to evolve, having a regulated and recognised qualification becomes invaluable, ensuring that risk management professionals remain agile, informed, and ready to face challenges head-on.

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