Advanced Certificate in Operational Risk

The Advanced Certificate in Operational Risk will be retired following the winter narrative exam session on 2 December 2015.

Candidates interested in gaining a higher level Operations qualification are encouraged to consider Managing Operational Risk in Financial Institutions, a level 4 CBT exam or the Diploma in Investment Operations, a level 6 qualification.


The Advanced Certificate in Operational Risk has been developed for operations, IT and administration staff who wish to develop their managerial, professional and technical skills. It enables you to demonstrate a practical understanding of the operational risk environment and will help prepare you for a more demanding/senior role within the industry.

This globally recognised qualification has been developed with leading operations practitioners to ensure it is relevant and up to date. It is suitable for those working in both wholesale and retail areas of the business.

Candidates are expected to possess the level of knowledge required to pass the Investment Operations Certificate (IOC) and are strongly advised to be familiar with the material in the IOC Operational Risk learning manual.


Key Features of the Advanced Certificate in Operational Risk
  • Equips operations staff with a broader grasp of the business and regulatory issues faced by senior management
  • You only need to complete one exam if you have already passed the IOC Operational Risk unit
  • Successful completion can be used as an entry to the highly regarded Diploma in Investment Operations
  • Earn CPD hours upon successful completion of the qualification
  • Free Student membership
  • ACSI designatory letters


Qualification Structure 

The Advanced Certificate in Operational Risk will be retired following the winter narrative exam session on 2 December 2015.

Candidates interested in gaining a higher level Operations qualification are encouraged to consider Managing Operational Risk in Financial Institutions, a level 4 CBT exam or the Diploma in Investment Operations, a level 6 qualification.
Anyone who passes Level 3 Operational Risk and Advanced Operational Risk by December 2015 will be able to take Global Operations Management at a later date and gain the Level 6 Diploma in Investment Operations. There is no time limit on this.

The award is achieved by passing:

 Operational Risk
Syllabus Summary:
  • Risk basics
  • Nature of operational risk
  • Causes, events and impact of operational risk
  • Operational risks arising in the trade cycle
  • Support and control functions
  • Enterprise Risk Management
  • Achieving common standards and protection
  • Advanced operational risk
 Advanced Operational Risk
Syllabus Summary:
  • Culture
  • Operational risk management process
  • Policy for managing operational risk
  • Operational risk identi?cation
  • Operational risk assessment and measurement
  • Operational risk mitigation
  • Operational risk monitoring and reporting
  • Causes, events and e?ects of operational risk
  • Enterprise wide risk management





Study Options

Self-study using the CISI's learning manuals and elearning for:

Please note: The CISI's mandatory learning manual policy requires, where available, the most up to date CISI learning manual to be purchased when booking an exam, including by an ATP on your behalf. This applies to all candidates sitting CISI exams in the UK (includes Northern Ireland, Guernsey, Jersey and Isle of Man). Candidates sitting CISI exams outside of the UK will receive the most up-to-date workbook in PDF format for that subject and is included in the international exam price.

Accredited Training Providers
The CISI accredits a wide range of training providers to deliver formal training for our exams and you can register directly with the provider of your choice.

Find an Accredited Training Provider (ATP) near you

Sample Papers
Sample exam questions are available for:


Register and Book

Register with the CISI
New candidates intending to take CISI qualifications need to first register with the CISI. Upon registering, you will receive a candidate number, password and access to the CISI's online systems.


Book your exams
Candidates can book:

Register for your qualification
After booking your exams you need to register for your qualification. Please be sure you have read and understood the exam regulations and policies.

The latest prices for exams are listed on the online price list.

Post Qualification Opportunities

Membership 
After completing the Advanced Certificate in Operational Risk you can join the Institute at ACSI level. As a Member of the Institute, you will enjoy the recognition of being a professional in a world of increasing competition. The extensive continuing professional development (CPD) opportunities available through the CISI’s suite of membership benefits ensures financial services practitioners can maintain competence and meet the requirements of firms and the regulator.

Higher Level Qualifications
To further theoretical and practical knowledge upon completion of the Advanced Certificate in Operational Risk , higher level qualifications to take include:

UK qualifications levels 3 4
Investment Operations Certificate (IOC) Managing Operational Risk in Financial Institutions
  Diploma in Operational Risk *
EU qualifications levels 4 5
5
Advanced Certificate in Operational Risk
Advanced Certificate in Global Securities Operations
6
6
Diploma in Investment Operations
 
7



* Diploma in Operational Risk

Diploma in Operational Risk = Operational Risk (IOC) + Managing Operational Risk in Financial Institutions + Advanced Operational Risk