Why study the Climate Risk Certificate?

Managing climate-related risks and supporting the transition to a low-carbon world are amongst our most significant global challenges. Central banks and financial regulators consider the identification, measurement and disclosure of these risks to be a priority. 

Recognising the strategic importance of this topic, the Chartered Body Alliance have developed their first joint qualification, the Certificate in Climate Risk.   

The aim of the qualification is to develop the learner’s professional knowledge, understanding and skills relating to climate change, climate risk and sustainable finance, with a view to supporting customers, clients, colleagues, and communities with the transition to a sustainable, low-carbon world.

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Is the Climate Risk Certificate right for me?

The qualification is designed for all financial services risk professionals (or aspiring risk professionals) with an understanding of risk management principles and practices who wish to develop their knowledge of climate risk and demonstrate their expertise.

Although no prior knowledge of climate risk is required, completing the Green and Sustainable Finance Certificate would provide a useful introduction to the subject. Our Professional Assessment in Sustainable and Responsible Investment, a six-hour online course with a test, may also be of interest.

Key features:

  • CISI and CBI student membership – you will become associated with two globally recognised Chartered professional bodies. Join a network of over 50,000 members globally and take advantage of the professional and personal benefits offered by two leading bodies.
  • Prepare for a career in climate risk - this qualification provides an overview of the sector and will help kick start your career.
  • Available to all - no previous knowledge of green finance is required, but an understanding of risk management principles and financial services practices is assumed.
  • Globally-recognised qualification - awarded by the Chartered Banker Institute, delivered in partnership with the CISI and CII.
  • Fast and affordable recognition – the certificate can be studied for using online resources at your own pace (130 hours of study time required), and is assessed via a 1.5-hour, 75-question test, delivered online or a test centre with instant results.
  • Access to higher level qualifications - The certificate may be studied on a standalone basis but can also act as a contributory module to the three modules required for the Professional Banker Diploma offered by the Chartered Banker Institute

 Factsheet 

Climate Risk Certificate

The purpose of this standalone examination is to enable candidates to demonstrate knowledge and understanding of the main elements of climate risk.  

Syllabus Summary: Climate change and its impacts on the environment, economy, society and financial services | Climate-related risks | Measuring, monitoring and reporting climate risks | Modelling climate risks, including the use of scenario analysis | Regulatory approaches and responses at global, national and regional levels | Defining, developing and embedding climate risk appetite, governance and culture | Supporting the transition to a sustainable, low carbon world 

Current Syllabus

Delivered in partnership with the Chartered Banker Institute (CBI) and the Chartered Insurance Institute (CII), success in this exam leads to the CBI Climate Risk Certificate. 

Please note that the CISI is not the Awarding Body for this qualification.

Qualification structure

13 credits at level 8 on the Scottish Credit and Qualifications Framework (SCQF), which is broadly comparable with level 5 on the European Qualifications Framework (EQF), this qualification is achieved by successfully passing a computer based exam of 75 multiple-choice questions.

Exam duration: 1.5 hours 
Recommended study time: 130 hours
CPD time: 6 hours upon successful completion

Exam availability

We expect the first exams to be available in early Autumn 2021, although candidates can begin studying now. Exams will be booked via the Chartered Banker Institute and delivered at a test centre of your choice with instant results. Remote invigilation will also be available, enabling learners to schedule exams anytime, anywhere.

Price

The Certificate costs £595 per candidate, including all learning materials, access to the examinations and student membership of both bodies. 


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Study support

Self-study

The certificate is delivered via an online study guide and interactive elearning modules delivered via the Chartered Banker Institute’s learning management solution, which enables learners to access them anywhere, anytime, using most computer, tablet and mobile devices.

Registration lasts for 1 year, so you can work through at your own pace.

Candidates that register via the CISI will also receive free CISI student membership, which means they gain access to hundreds of online events and additional learning and networking opportunities.

Employer support

Employers can track progress of individuals and cohorts through regular progress reports and learner analytics, enabling timely intervention when necessary. A range of blended support options for employers (eg, tuition, revision workshops) are available at a frequency agreed with by the Chartered Banker Institute (usually monthly).

Post Qualification and Membership Opportunities

The CISI, CBI and the CII offer a range of qualifications and membership opportunities to suit those aspiring to work in the sector, right through to the most experienced professionals.

Upon completion, candidates will be entitled to use the designation Climate Risk Professional.

You will also be eligible to join the CISI at Affiliate 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.
 
CISI membership enables you to develop your career, increase your competence and maintain the highest standards of professional integrity. Our programme of free professional benefits assists you to keep up to date with the financial services sector.

To further your theoretical and practical knowledge higher level CISI qualifications can be taken.