Programme & Exams

CRM is a professional designation that is earned after the completion of specified theory and practice oriented courses. This certification is for those working in risk management and related fields; such as Finance, Insurance, Financial Control, Legal, Accounting, and Compliance Specialists. In addition, Consultants, and business line staff can also undergo the programme. Each course incorporates the use of case studies and integrates the direct application of risk management techniques. The certification programme shall be called Certified Risk Manager (CRM). Upon completion of all stages of the examination, the candidate signs off on RIMAN's Code of Conduct & Ethics before he/she is fully registered as a Certified Risk Manager.

The CRM: Multi Sectoral Risk Management Certification

CRM STAGES

CRM Stages I, II and III are multiple choice examination with 30 questions per module. The examination will be offered in only two centres, Lagos and Abuja.

Each stage is designed to have two perspectives, the global perspective of risk management and the Nigerian perspective of risk management.

STAGE I

Stage I Global Content - Fundamentals of Risk Management: examines the background, models, mathematical foundations and financial theories/concepts that underlie risk management.
- 3 Modules
- 30 Multiple choice questions per module
Stage I Nigerian Content - The Nigerian Banking System: examines the structure and nature of the Nigerian banking system with emphasis on risk management practices in the Nigerian banking systems
- 2 Modules
- 30 Multiple choice questions per module

STAGE II

Stage II Global Content - Managing Core Risks: provides a detailed framework for the measurement and management of major risk categories, viz credit, market, operational and liquidity risk
- 4 Modules
- 30 Multiple choice questions per module
Stage II Nigerian Content - Nigerian Financial System: focuses on the practices of key regulators, including, CBN, NDIC, PENCOM, NAICOM, NSE, SEC, DMO, Federal Ministry of Finance and other key financial regulators.
- 2 Modules
- 30 Multiple choice questions per module
The Joint Committee of RIMAN and CIBN will not consider or mark papers of Stage II participants who cannot show that they have successfully passed the CRM Stage I examination

STAGE III

Stage 3 Global Content - Integrated Risk Management: deals with the key topics that holistically affect enterprise risk.
- 1 Module
- 30 Multiple choice question
Stage 3 Nigerian Content - Financial Systems Integrity: deals with the monitoring, reporting and whistle blowing practices of specialised institutions and issues that impinge on the integrity of the financial sector. It covers the work of organs such as EFCC, ICPC, MoF, FRC, AML/CFT, among others
- 3 Modules
- 30 Multiple choice questions per module
The Joint Committee of RIMAN and CIBN will not consider or mark papers of Stage III participants who cannot show that they have successfully passed the CRM Stage II examination

Examination Dates & Venues

April & October

Abuja Center
Central Bank of Nigeria,
Plot 33, Abubakar Tafawa Balewa Way,
Central Business District,
Cadastral Zone,
Abuja, Federal Capital Territory,
Nigeria.

Lagos Center
Igbobi College,
Igbobi College Road, Shomolu,
Yaba Mainland,
Lagos,
Nigeria.

CRM Code of Conduct

The credibility and integrity of the CRM programme is paramount to us, ensuring a seamless and fair examination process requires adherence to RIMAN and CIBN Examinations Code of Conduct. Candidates are expected to comply with all examination rules and procedures. Noncompliance may result in disqualification from writing the examination. Please see our FAQs and/or download a copy of RIMAN and CIBN examinations code of conduct from CIBN and RIMAN websites.

CRM Committees

Committee/CRM Committee

The Joint Committee of RIMAN and CIBN on CRM, consists of selected members of RIMAN and CIBN. The committee oversees the development and administration of the CRM.

Committee

RIMAN Education Committee consists of industry practitioners who are also members of the Association. The education committee oversees the development, annual review and update of the CRM curriculum. In order to ensure industry demands with respect to risk management are being fulfilled, the education committee members are drawn from multiple sectors and industries of the Nigerian economy, some of which include Financial Consulting, Banking, Education, Insurance, Oil & Gas, Manufacturing, Telecoms and Regulatory Institutions.

The CRM: Multi Sectoral Risk Management Certification

CRM STAGES

STAGE I

STAGE II

STAGE III

Examination Dates & Venues

CRM Code of Conduct

CRM Committees

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