Program Overview
The Canadian Risk Management (CRM) designation program provides a comprehensive foundation in risk management, covering principles, assessment, treatment, and financing. Designed for professionals in both public and private sectors, the program prepares learners to identify, assess, and mitigate risks effectively. The CRM designation demonstrates commitment, knowledge, and skills in risk management, enhancing competitiveness and career advancement.
Program Outline
Degree Overview:
The Canadian Risk Management (CRM) designation is a widely recognized qualification that provides risk managers a foundation of knowledge and skills needed to identify, assess, monitor and limit risks. Attaining the CRM designation demonstrates a level of professional commitment, knowledge and skills that employers in both public and private sectors recognize. This three (3) course certificate of achievement allows you to complete the educational requirements and challenge the national exams to obtain your CRM designation recognized by the Risk and Insurance Management Society (RIMS) and awarded by the Global Risk Management Institute (GRMI). Courses are credit bearing and transferable into Bow Valley College’s Insurance and Risk Management Diploma.
- Competitiveness: Formal training gives CRM holders a competitive advantage that employers seek.
- Credentials: Demonstrates that CRM holders have achieved the knowledge and skills necessary to identify, assess, monitor and limit risks.
- Recognition: CRM holders stand out among others in a competitive marketplace.
- Advancement: Improves the ability of CRM holders to achieve their organization's risk management objectives and their career goals.
Outline:
Term 1
- FNSR2401 - Risk Management Principles & Practice (3 Credits)
- Risk management is critical for an organization's operation. The ability to identify, assess, manage, and monitor risks benefits a business's sustainability and continuity in today's evolving society. This course introduces the fundamental principles and concepts of risk management. Learners practice and apply the risk management standards, framework, process, and strategies through the course.
- FNSR2402 - Risk Assessment and Treatment (3 Credits)
- The purpose of this course is to develop an enterprise-wide perspective of risk by applying risk management concepts to four major categories: hazard (insurable), operational, financial, and strategic. Learn about global risk management standards such as ISO 31000 and the COSO ERM - Integrated Framework, and discuss various risk identification and analysis techniques in detail. Apply rudimentary analytical tools to assess financial risk in areas of financial leverage, liquidity risk, and capital investment risk. Risk oversight, monitoring, and assurance are discussed from the perspective of governance and internal control. This course relies heavily on insurance based content consistent with risk assessment and risk management principles.
Term 2
- FNSR2403 - Risk Financing (3 Credits) Emphasis is placed on the selection, implementation and monitoring of various risk financing techniques. Specific subjects discussed are: a framework for risk financing; criteria for risk financing selection techniques; insurance as a mechanism for financing property, net income, personnel, and liability losses; accounting and income tax aspects of accidental losses; insurance pricing; selection of insurers and their representatives; implementing risk retention available options, including the use of affiliated insurers; and cost of risk allocation techniques.
Other:
Full course outlines are available here. Curriculum subject to change.
