New Certifications 2015

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RMIA is introducing a new 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 PATHWAYACADEMIC PATHWAYALTERNATE PATHWAY*
Criteria12 months+ experience in a risk management related role12 months+ experience in a risk management related role AND Completed an undergraduate qualification in risk management at an Australian university or TEQSA-approved institution12 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-requisitesRMIA’s Fundamentals of Risk Management course (+ exam)As aboveCRMT licence or endorsed course by RMIA provider
Application processEnrolment in RMIA course and examEnrolment in RMIA examCRMT or completion of endorsed RMIA provider course
Post-nominalCPRACPRACPRA
Cost of examination$330$330Not 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 PATHWAYACADEMIC PATHWAY ALTERNATE PATHWAY*
Criteria5+ years’ experience in a middle or senior risk management role3 years’ experience in a risk management role AND Completed a postgraduate qualification in risk management at an Australian university or TEQSA-approved institution3+ 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-requisites2 day RMIA Enterprise Risk Management course (+ exam)As aboveCompletion of endorsed RMIA provider’s course or existing CPRM
Application processEnrolment in RMIA course & examEnrolment in examCompletion of endorsed RMIA provider’s course or existing CPRM
Post-nominalCPRMCPRMCPRM
Cost of examination$330$330Not 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 PATHWAYACADEMIC PATHWAY ALTERNATE PATHWAY*
Criteria5+ 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 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
CPRM certified prior to July 2015 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 processOnline submission of application, including a portfolio of evidenceOnline submission of application, including a portfolio of evidenceProof of evidence of existing CPRM certification and documented evidence meeting the criteria above by way of resume/CV and references.
Assessment processSubmission of application, evidence, presentation and interviewSubmission of application, evidence, presentation and interviewSubmission of application, 3 references confirming level of experience and evidence of prior certification (certification must be less than 7 years old) and RMIA panel interview
Approval processRMIA panel assessmentRMIA panel assessmentRMIA panel assessment
Post-nominalCCROCCROCCRO
Cost of accreditation/re-accreditation$660$660$660
Annual renewal fee$330$330$330 from date of re-accreditation

* To be reviewed in 12 months

Receive:

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