Certification Pathways

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RMIAs certification process to reflect the maturity of the risk management profession and the deeper recognition of risk management’s value within organisations.  It follows the career path of a risk professional from risk analysis to risk management to risk leader.

These changes are a direct result of the evolving nature of the risk industry and takes into account feedback we received from our members that there was a perception that the existing structure did not offer clear pathways for risk management practitioners to escalate their careers.

 

CERTIFIED PRACTISING RISK ASSOCIATE

Pre-requisites:

  1. Financial member of RMIA
  2. Abide by the RMIA code of ethics
  3. Pass the examination
  4. Adhere to annual CPD requirements of 7 points

CPRA FRAMEWORK

RMIA EDUCATION PATHWAY ACADEMIC PATHWAY ALTERNATE PATHWAY*
Criteria 12 months+ experience in a risk management related role 12 months+ experience in a risk management related role AND Completed an undergraduate qualification in risk management at an Australian university or TEQSA-approved institution 12 months+ experience in a risk management related role AND Hold a current CRMT licence or
have completed a course (Certificate IV in Risk Management or Diploma in Risk Management) with an endorsed RMIA course provider
Entry pre-requisites RMIA’s Management of Enterprise Risk course (+ exam) As above CRMT licence or endorsed course by RMIA provider
Application process Enrolment in RMIA course and exam Enrolment in RMIA exam CRMT or completion of endorsed RMIA provider course
Post-nominal CPRA CPRA CPRA
Cost of examination $330 $330 Not applicable
Annual renewal fee $115 $115 $115

* To be reviewed in 12 months


CERTIFIED PRACTISING RISK MANAGER

Pre-requisites:

  1. Financial member of RMIA
  2. Abide by the RMIA code of ethics
  3. Pass the examination
  4. Adhere to annual CPD requirements of 25 points

CPRM FRAMEWORK

RMIA EDUCATION PATHWAY ACADEMIC PATHWAY ALTERNATE PATHWAY*
Criteria 5+ years’ experience in a middle or senior risk management role 3 years’ experience in a risk management role AND Completed a postgraduate qualification in risk management at an Australian university or TEQSA-approved institution 3+ years’ experience in a risk management role AND Either hold an existing CPRM licence or completion of an Advanced Diploma in Risk Management from an endorsed RMIA course provider
Entry pre-requisites 2 day RMIA Management of Enterprise Risk course (+ exam) As above Completion of endorsed RMIA provider’s course or existing CPRM
Application process Enrolment in RMIA course & exam Enrolment in exam Completion of endorsed RMIA provider’s course or existing CPRM
Post-nominal CPRM CPRM CPRM
Cost of examination $330 $330 Not applicable
Annual renewal fee $240 $240 $240

* To be reviewed in 12 months

Receive:

  1. Eligibility for RMIA Risk Manager of the Year award or Risk Consultant of the Year award

CERTIFIED CHIEF RISK OFFICER

Pre-requisites:

  1. Financial member of RMIA
  2. Abide by the RMIA code of ethics
  3. Adhere to annual CPD requirements of 30 points

CCRO FRAMEWORK

RMIA PATHWAY ACADEMIC PATHWAY
Criteria 5+ years’ experience in a risk management role AND 5 years in a senior risk management role (includes consultants to an organisation with same accountabilities) with accountability for:

  • Influencing the evolution of an enterprise-level risk management framework (culture and process) in an organisation
  • Interacting with the board or senior executive team to review, monitor and leverage strategic and operational risk management
Completed Masters level qualification in risk management at an Australian university, for example, Master of Risk and Governance,  AND 5 years’ experience in a senior risk management role (includes consultants to an organisation with same accountabilities) with accountability for:

  • Influencing the evolution of an enterprise-level risk management framework (culture and process) in an organisation
  • Interacting with the board or senior executive team to review, monitor and leverage strategic and operational risk management
Application process
  1. Attainment of the CPRM Certification
  2. Online submission by the applicant demonstrating specific examples of their proficiency in each of the required areas
  3. Resume supporting experience outlined above
  4. Name, email and contact details of nine (9) referees who can attest to your experience
  1. Attainment of the CPRM Certification
  2. Online submission by the applicant demonstrating specific examples of their proficiency in each of the required areas
  3. Resume supporting experience outlined above
  4. Name, email and contact details of nine (9) referees who can attest to your experience
Assessment process
  • Review of online submission
  • Participation in a 360 degree profile
  • Participation in an interview conducted by a panel appointed by the RMIA.  This will include requiring the applicant to provide a solution in response to a risk-based scenario or case study.
  • Review of online submission
  • Participation in a 360 degree profile
  • Participation in an interview conducted by a panel appointed by the RMIA.  This will include requiring the applicant to provide a solution in response to a risk-based scenario or case study.
Approval process RMIA panel assessment RMIA panel assessment
Post-nominal CCRO CCRO
Cost of accreditation/re-accreditation $660 $660
Annual renewal fee $330 $330

 

* To be reviewed in 12 months

Receive:

  1. Eligibility for RMIA Risk Manager of the Year award or Risk Consultant of the Year award