Managing Operational Risk in Financial Institutions

CISI Level 4 Certificate in Managing Operational Risk in Financial Institutions

Why study Managing Operational Risk in Financial Institutions?

Managing Operational Risk in Financial Institutions is a higher-level pathway for risk professionals who may have achieved Operational Risk as part of the Investment Operations Certificate (IOC) or for practitioners who are looking to increase their knowledge in the discipline.

The Certificate will equip you with the knowledge and practical techniques to be able to investigate an operational risk incident, manage operational risk in the long term, model appropriate behaviours to support operational risk management in the workplace, and effectively recommend and contribute to measures to enhance the operational risk culture and operational risk management in the workplace.

Is Managing Operational Risk in Financial Institutions for me?

It is suitable for practitioners in risk, compliance and investment risk control, including Risk Controller, Risk Manager and Risk Modeller.

Key features:

  • Investigates the regulatory environment in detail and offers a broad focus on different business models
  • Examinable by Computer Based Testing
  • Access to higher level qualifications - offers a pathway to further higher-level CISI operational risk qualifications, including the Level 6 Diploma in Investment Operations
  • Free CISI Student membership - become associated with a Chartered professional body and take advantage of the Institute’s extensive range of benefits
  • Leads to CISI Associate membership and ACSI designatory letters
  • Exams available online via remote invigilation or at one of our global test centres

Study support


A CISI Managing Operational Risk in Financial Institutions workbook is required to be purchased when booking the exam. This is to ensure there is one standard workbook from which all exam candidates can prepare.

You can also choose to purchase Managing Operational Risk in Financial Institutions elearning to support your exam preparation.

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Accredited Training Partners

You can choose to complete formal training for our exams with a CISI Accredited Training Partner (ATP).

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Qualification Structure

The qualification is achieved by successfully passing a multiple-choice question exam, details for this exam are shown below.

Total Qualification Time:
142 hours

The total qualification time (TQT) for this qualification is 142 hours. TQT is an estimate of the number of hours that a typical candidate might reasonably spend in achieving the qualification. This will vary depending on your previous experience, and includes any formal study as well as self-study and assessment time.


Exam Details

Exam Availability

Pass Mark / Pass Rate

The current pass rate for this exam is and the pass mark is . The exam grades are as follows:

Regulated Qualifications Framework

credits on the Regulated Qualifications Framework are awarded upon successfully passing this exam

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