Risk in Financial Services

The Risk in Financial Services qualification provides candidates with a broad understanding of the key risks that arise within financial services.

The qualification is suitable for risk and compliance teams, branch management, corporate lawyers, finance officers, senior managers of all disciplines and existing and aspiring non-executive directors.

Key features of Risk in Financial Services
  • Covers all key risks in financial services – operational, credit, market, investment and liquidity, business risk, corporate governance, regulation and risk management
  • Globally portable – addresses international issues, reflecting the needs of a worldwide market
  • Addresses techniques used to identify, reduce and manage specific aspects of risk
  • Available by computer based testing (CBT)
  • Combine it with a CISI regulatory exam to complete the full Certificate in Risk in Financial Services. Candidates are exempt from the regulation paper if they already have a regulatory paper through another route, such as the IOC
  • Earn CPD hours upon successful completion of the qualification
  • Free Student membership
  • ACSI designatory letters

Qualification Structure

The award is achieved by successfully passing the multiple-choice CBT exam:

 Risk in Financial Services
Syllabus Summary:
  • Principles of the Risk Management Framework
  • International Risk Regulation
  • Operational Risk
  • Credit Risk
  • Market Risk
  • Investment Risk
  • Liquidity Risk
  • Corporate Governance and Risk Oversight
  • Model Risk
  • Enterprise Risk Management (ERM)

CISI Certificate in Risk in Financial Services

Risk in Financial Services can also be taken with a regulatory exam to achieve the CISI Certificate in Risk in Financial Services.

 UK Financial Regulation
 Local regulatory paper* (for international candidates)

* Any regulatory exam supported by a national regulator will be
accepted by the CISI as the regulatory component

It can also be taken as part of the Investment Operations Certificate.

Study Options

Self-study using the CISI's learning manual and elearning.

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
A range of sample exam questions and/or examiner reports 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

Obtaining Risk in Financial Services entitles candidates to join the Institute at Associate level and utilise the designatory letters, ACSI. 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.

Further Qualifications
To further theoretical and practical knowledge upon completion of Risk in Financial Services, qualifications to take include: