operational risk management certificates

[hellohi]

dear guys,

I am working in operational risk management and business continuity management, do you know what certificates I have to have to enhance my chances to get a good job?

best regards,
Nabil

 

[seidu]

FRM I think @hellohi or PRMIA

 

[hellohi]

I am studying now for FRM but what else? the operational risk management overlaping with audit....

 

[seidu]

...

 

[Hesham_87]

@hellohi There is an operational risk manager certificate, which is offered by PRMIA. it focuses on operational risk field intensively. highly recommended. Thankfully, i earned this certificate in September 2016. if u r going to plan to earn it, please do not hesitate to contact me.

 

[Hesham_87]

http://www.prmia.org/orm-certificate/what-is-the-orm-certificate

 

[hellohi]

@hellohi There is an operational risk manager certificate, which is offered by PRMIA. it focuses on operational risk field intensively. highly recommended. Thankfully, i earned this certificate in September 2016. if u r going to plan to earn it, please do not hesitate to contact me.

thanks a lot
dear as I knew...it is not a professional certification, the website of PRMIA says this?

they say "This is not a professional designation and cannot be added to candidate’s business cards".

thanks again
Nabil

 

[Hesham_87]

well it is NOT as same as CFA or FRM, it is not a designation, yet it is a professional certificate that you may add in yr CV.

 

[hellohi]

well it is NOT as same as CFA or FRM, it is not a designation, yet it is a professional certificate that you may add in yr CV.

do you know another certificate related to operational risk?

 

[Hesham_87]

https://www.ior-institute.org/certification

you may check this website. i hope it helps.

 

[TK]

thanks a lot
dear as I knew...it is not a professional certification, the website of PRMIA says this?

they say "This is not a professional designation and cannot be added to candidate’s business cards".

thanks again
Nabil

New Member
New
Hi, I need some inputs and guidance on the ORM certification, can you assist

Regards,
TK

 

[Hesham_87]

sure... how may i help?

 

[TK]

Hi,

Thanks you so much for the support.. I am currently taking up ORM role and wanted to take up the certification... I wanted some guidance on the below points Would 3-4 months study time would be sufficient with allocating around 8-10hrs of time per week
Do we need of ching or can manage o n our own
Can we get the course material from the free ware by chance

Regards,
TK

 

[Hesham_87]

for first question, i do believe studying 1.5 to 2 hours / day is sufficient. the point u should take into consideration ORM certificate has neither exam provider nor exercises/practical questions in order to be familiar with the exam. so understanding concepts of ORM material is essential and very important.

i am sorry but what do u mean by ching? if u mean u need a training center or sth like that, no u may manage on your own if u work in operational risk field. if u dont work in operational risk field, i think u may face some difficulties to understand the concepts.

i dont think ORM material is available through free ware. u may purchase the book from PRMIA.

i hope it is clear... and please dont hesitate to ask questions

 

[TK]

Hesham,

Thank you so much for valuable inputs.. I will start preparing for it

Regards
TK

 

[Hesham_87]

Hesham,

Thank you so much for valuable inputs.. I will start preparing for it

Regards
TK

if u have any inquiry, u r more than welcome to ask good luck

 

[mg30]

Hi, is this certification valued in the market if I want to make a career in operational Risk. Also advice what % of mathematical / statistical knowledge is required for clearing this exam. I do not have any mathematical background and was worried if I can clear the exam on my own.

 

[Hesham_87]

in my country - Egypt - it was ok. earning a certificate in such new field is always appreciated. Moreover, i took ORM exam to enhance my knowledge in operational risk field regardless market appreciation.

regarding calculation, one of topics in ORM exam is risk modeling. when i took the exam, there were no calculations. all u need to do is understand the concepts in this topic. for example a question in the exam would be (for example) what are techniques which are used to estimated the frequency of op. risk events? (passion is one of them). however the calculations of passion is not need and u will not have numerical questions in this regard. please check the guide book below.

https://prmia.org/Public/Certificate/ORM_Certificate/Attaining_the_ORM_Certificate.aspx

 

[mg30]

Thanks a lot for your input. I hope studying the handbook thoroughly will be sufficient to clear the exam ?

 

[Amit Sarathy]

I am planning to enroll for the ORM exams. I am currently on a career break having experience of 13yrs in functions like Product Control (i.e. Trader PnL and substantiation) and Valuations of securities. Wanted to get into Ops risk leveraging on my experience and having seen and resolved few Ops risk events myself. Will this course at least give me a chance to get a foot in the field of Ops Risk. Your inputs will be highly appreciated.