FAQ

Existing RMIA Certification holders

These changes are a direct result of the evolving nature of the risk industry. We have taken 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.
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 someone beginning their career in risk management (CPRA) through to an experienced manager of risk management (CPRM) and finally to someone who leads the enterprise wide application of risk management (CCRO)
The transition to CPRA or CPRM for existing certification holders (CRMT and CPRM) is automatic and will be at no additional cost to existing certification holders. Annual renewal fees will apply
If you are an existing CRMT you will automatically be recognized as a CPRA and will receive correspondence from the National Office regarding this. You may wish to consider the opportunity to proceed to the next level CPRM if you meet the new eligibility requirements.
If you are an existing CPRM, you automatically retain your CPRM certification and have the opportunity to proceed to the next level of certification, CCRO if you so desire. There will be a grandfather program in place for an initial 6 month period to help you transition to CCRO if you meet the eligibility requirements.
A grandfather clause (also known as Grandfather Policy) is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from the new rule are said to have grandfather rights or acquired rights.
New Certification Replaces Launch Date
CPRA CRMT July 2015
CPRM CPRM November 2015
CCRO n/a December 2015
We are offering existing certification holders until the 30th June to renew their membership and/or certification license to be eligible for the grandfathering program
The CPD program is undergoing a complete review during 2015 by the Professional Development Committee and a new CPD program will be launched at the end of 2015. During the remainder of 2015 we will accept CPD under the existing program which can be found on our website http://www.rmia.org.au/professional-development/certification/continuing-professional-development. Please note that if you are not certified there is no longer a need to submit a CPD register.
An Examination Committee comprising 6 team members representative of different industries was established in December 2014 as a standing committee with direct reporting to the Board.

New applicants wanting to certify?

New Certification Replaces Launch Date
CPRA CRMT July 2015
CPRM CPRM November 2015
CCRO n/a December 2015
The CPD points for a CPRA have taken into account their years of experience in risk management and the likelihood of applicants having access to funding by their organisations for further professional development at this stage of their career.
To become certified applicants must apply online through the RMIA website. For both CPRA and CPRM exams applicants will need to register online for the exam. The exams will be held in all capital cities and a set annual schedule will be made available for the exams. (Application and online registration instructions will be included as part of the launch for each certification level).
At this point in time we do not have regional centres or overseas facilities available for sitting the exam. We are investigating options for this and this will be taken on a case-by-case basis
Both the CPRA and CPRM exams are multiple choice and will be delivered initially as paper-based exams at an approved RMIA venue. The CPRA is an examination of 2 hours and 100 questions (approx. 1 minute and 20 seconds per question), which is aligned to industry standards. The examination questions are intended to measure and test the candidate’s practical knowledge and the application of general risk management concepts and ISO31000 and ISO73 standards. All questions are designed with one best answer. The CPRM exam is 3 hours and 150 questions which is aligned to industry standards. The examination questions are intended to measure and test the candidate’s practical knowledge and the application of general risk management concepts and ISO31000, ISO31010 and ISO73 standards. All questions are designed with one best answer. The pass mark for both the CPRA and CPRM exam is 65%.

There will be  a panel assessment for the CCRO level.  Details on the panel/interview process will be published with the CCRO launch in December.

Under the newly revised certification structure we have included an RMIA industry pathway that does not require the candidate to hold an undergraduate or post graduate qualification. Candidates must meet the minimum criteria of years’ of experience and be able to demonstrate the application and working knowledge of risk management principles and practices
RPL is given for all 3 certifications:
– CPRA: completed an undergraduate degree is Risk Management from an Australian University or TEQSA approved institution
– CPRM: completed a postgraduate degree in Risk Management from an Australian University or TEQSA approved institution
– CCRO: completed a Masters level qualification in Risk Management from an Australian University
It is a pre-requisite for all certifications that applicants are a current financial member of RMIA
RMIA’s new certification process reflects 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 someone beginning their career in risk management (CPRA) through to an experienced manager of risk management (CPRM) and finally to someone who leads the enterprise wide application of risk management (CCRO).
It is not a pre-requisite, however it may be desirable to have completed another level of certification within the RMIA framework
New Certification Cost of examination/assessment Annual Renewal
CPRA $330 $115
CPRM $330 $240
CCRO $660 $330
A broader awareness of the certifications within the risk management community was highlighted as a key concern in a recent RMIA professional development survey to members. RMIA will soon launch an outreach campaign to promote the new certifications amongst employers and recruiters and thus raise the awareness of the skills and competencies of risk managers at each of the three levels.
Each level of certification requires an annual renewal and submission on CPD activity.