Certified Risk Associate (CRA)
Risk Management is everyone’s business ...
Its all about preparedness for tomorrow’s decision ...
In collaboration with Putra
Intelek International College (PIIC) - Malaysia
Certified Risk Associate (CRA)
CONTENTS
Introduction to
Professional certification in risk management
What is EIRM ?
2
The programme
About Certified Risk Associate (CRA)
Who should take this programme
Modules & Rationale
Principles & Study Structure
2
3
4
5
Student/Participant Services & Support
What support do students get ?
When are the examinations ?
What are the entry requirements ?
Are there any exemptions ?
Do I need to budget for any extra costs ?
How do I apply ?
What happens after I have completed ?
6
7
7
7
7
8
8
Contact us
9
Certified Risk Associate (CRA)
EIRM
The European Institute for Risk Management
is a knowledge centre that gathers and
disseminates risk management knowledge
based on best practices within the field.
Our objective is to give our clients and partners
a deeper and broader understanding of risk management,
thereby strengthening both their strategic decision-making
and their daily work with risk-related issues.
About Certified Risk Associate (CRA)
To provide a basic-but thorough introduction to the subject of modern risk
management.
It is directed towards practical knowledge and application.
The principles are based upon a broad organisation-wide definition of risk management
; known as Enterprise Risk Management (ERM).
Students will learn about the integrated management of risks including fires, law suits,
investment and price volatility, political and social instability, psychological perceptions
and cultural values, all presented at a basic level.
and to provide students with the ability to
1) integrate risk management into their understanding of general business principles
2) integrate risk management into their own organisation’s operations.
2
“
“
EIRM understands that people have
commitments and demands on their time.
Who should take this programme ?
EIRM work with leading risk management practitioners and consultants
to develop the programme, which is appropriate for and will be an
added value to the following individuals :
- Newly practising / not formally qualified risk managers
- Auditors
- Accountants
- Compliance & Governance advisors
- Project managers
- Insurance managers
- Brokers
- Loss Adjusters
- Safety & Health Professionals
- Lawyers & Legal consultants
- Banking & Financial Services professionals
- Local Authority & Public Service officers
- Graduates who are looking for additional qualification
- Academicians
- Business Development Managers or
ANYONE SEEKING A FORMAL RISK MANAGEMENT QUALIFICATION
Where can I take the programme ?
ITS ONLINE ...
> Distance learning
> Study at your own place at your own pace
> Any assistance can be requested from PIIC
> No structured lectures, tutorials or other formal classes
3
Programme Modules
* The programme takes students through a structured learning process, consisting
of 5 modules studied over one to three months.
Module 1 : Principles of Risk
Module 2 : Risk Assessment
- Categories of Risk
- Components of Risk
- Governance & Strategic Strata
- Tactical & Operational Strata
- Risk Management in Public Sector Organizations
- Practice of Risk Management today
- Enterprise Risk Management Model
- Risk Manager’s Job
- Risk Assessment Framework
- Hazards and Risk Factors
- Exposures to Risk
- Risk Checklist
- Best Practices, Consultancy Services
- Hidden cost, Benefits of Losses and Gains
- The Risk Chain
Module 3 : Risk Control
Module 4 : Risk Financing
- Risk Avoidance, Transfer & Distribution
- Risk Reduction & Loss Prevention
- Risk Neutralization
- Mandated Risk Control
- Catastrophe Planning
- Programme Implementation
- Risk Financing Grid
- Retention & Demarcation Line
- Risk Financing Methods
- The Opportunity Cost
- Tax Issue
- Risk Neutralization
Module 5 : Risk Management Program Administration
- Risk Management Program Design
- Retention & Demarcation Line
- Risk Financing Methods
- The Opportunity Cost
- Tax Issue
- Risk Neutralization
4
“
“
The effective management of risk is,
the balance between the risk and reward
Principles
The course follows the principles established by the
Committee of Sponsoring Organisations of the Treadway
Commission (COSO).
Throughout many years, COSO principles have won wide
international recognition.
Structure
The course in Risk Management is based on self-study with
an integrated testing feature over online.
Successful completion of the course requires students to pass online,
multiple-choice (A - B - C - D) tests at the end of each unit.
Students can normally complete the course in three to four weeks,
with one hour of study a day.
Upon completion of the course students will receive
the EIRM Certificate in Risk Management.
5
STUDENT SERVICES AND SUPPORT
What support do students get ?
Studying in your own time and measure of planning and self discipline.
Course Handbook
The course handbook describes the content of the programme and also provides
advice and guidance on study including case studies
Learning Materials
- All study materials for the certificate are provided online.
- Hard copies of the modules and supporting textbooks are also available
but on additional cost
- Students also receive complimentary subscriptions to online journal enabling
them to further develop their understanding
Communicate with tutors
- Students can regularly communicate with the tutors on any questions or concerns
regarding the programme and modules directly or via email
Online Discussion Board
- Allow students to network, share ideas and assist each with their studies, revision
preparation for the test
Certificate Workshops and teaching support
- Workshops are run for each intake to provide students with the opportunity to
meet the tutors and seek assistance and clarification with their studies.
6
When will be the examination ?
The students can undergo the examination
once they complete each unit respectively
What are the entry requirements ?
The certificate is open to all and does not
need any formal learning requirements
Are there any exemptions ?
The certificate is an intergrated programme,
no exemptions are provided
Do I need to budget for any extra cost ?
Additional cost is only for :
1) Hard copy of course handbook
2) Workshop
7
How do I apply ?
Interested students can send their details to piic@eirm.dk :Name :
Email :
Contact number :
Address :
Highest Qualification :
We will reply you on the fee amount and bank details soon after we receive your registration email
What happens after I have completed ?
Successful students will receive
1) Certificate of Completion ( from EIRM )
2) Lifetime Certified Risk Associate (CRA) of EIRM
Student also becomes the member of lifetime CRA alumni at PIIC and
enjoys free educational privileges, further study discounts and others.
For more information, please visit
www.putraintelek.edu.my
or email to
piic@eirm.dk
8
Contact Us :
Putra Intelek International College (PIIC)
No 111 Jalan Puteri 5/7
Bandar Puteri
Puchong 47100
Selangor D.E
Malaysia
T : 603 - 8062 8360
F : 603 - 8065 1234
E : info@putraintelek.edu.my
W : www.putraintelek.edu.my
facebook.com/putraintelek.piic
twitter.com/putraintelek
Contact Us :
European Institute for Risk Management
Skt. Gertruds Straede 5, 5.
1129 Copenhagen K
Denmark
Tel (+45) 7025 2545
Email : eirm@eirm.com
Web : www.eirm.com
9