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Diploma in Risk Management (Level 4)

Course Overview

Risk Management Certificate Online

All businesses at all levels and operating in every contemporary sector face a multitude of internal and external risks.  Effective risk management therefore plays a pivotally important role in determining which businesses stand the best possible chance of combating and preventing pressing threats, along with those that leave themselves wide open to a world of potentially devastating problems. 

This intensive Risk Management Certificate Online, provides a concise yet comprehensive introduction to one of the most important and sought-after disciplines in the world of contemporary business. As political and economic stability on a global basis continue to waver, the role of the qualified risk management professional is one of growing value and opportunity for those with the required skills.

Over the course of 13 units, candidates explore a wide variety of effective and efficient business risk management strategies, along with the various types of risks associated with the modern business and ultimately how to prepare and implement a professional risk management plan. 

Course Syllabus

Enterprise Risk Managment Certification Online: Key Topics

Risk Management Certification Online, consists of the following 13 units:

Unit 1 - Overview of Risk Management

In the first course unit, candidates are provided with a brief introduction to the concept of risk management along with the history of modern business risk management. The various classifications of risk are explored, along with a series of critical risk management tools, the benefits of risk management and important risk management process activities.

Unit 2 - Types of Risk

The second course unit focuses more specifically on the various types of risk that can affect the modern business. Unit content covers political risks, economic risks, technological risks, operational risks, market risks, financial risks and liquidity risks among others.

Unit 3 - What is Enterprise Risk Management

Enterprise risk management forms the core focus of the third unit, which explores the key benefits of ERM implementation along with who exactly takes responsibility for ERM. The importance of risk taking in order for a business to grow and developed is also introduced and explored.

Unit 4 - Risk Analysis

Careful analysis of current risk of factors is introduced in Unit 4, which guides candidates through the effective analysis of any current risk management procedures/processes along with essential process activities.

Unit 5 - Risk Identification

The identification of risk forms the central theme of Unit 5, introducing candidates to a variety of risk identification techniques, the concept of the risk register and better understanding of the interdependencies of risk and opportunities.

Unit 6 - Risk Evaluation & Management

Course content then moves onto the evaluation and management of business risks, incorporating an exploration of essential risk response strategies, the implementation of controls in accordance with the nature and character of the risk and the importance of timeliness.

Unit 7 - Financial Risk Management

In the seventh course unit, candidates are introduced to the core elements of financial risk management for business including environment risk, foreign investment risk, currency risk, counterparty risk, recovery risk, liquidity risk and more.

Unit 8 - Operational Risk Management

The benefits and specifics of operational risk management form the core focus of Unit 8, which deals with a variety of essential statutory and regulatory requirements, operational risk strategy implementation and why the professional business risk manager plays a role.

Unit 9 - Technological Risk Management

Focus shifts to the management of technological risks in Unit 9, which guides candidates through the most important and common types of technological risks, along with their associated technologies.

Unit 10 - Legal & Political Risk Management

The management of political and legal risk is the central theme of Unit 10, which incorporates in-depth analysis of business contracts and the associated potential risks.

Unit 11 - Environmental Risk Management

In the eleventh course unit, candidates are introduced to the analysis and management of environmental risks from a business perspective, along with the crucial role of the risk management professional in a contemporary business setting.

Unit 12 - Market & Social Risk Management

Establishing and meeting objectives with regard to social and market risk management is explored in the penultimate course unit, which guides candidates through a series of crucial market risk management strategies and explores interrelationships within markets.

Unit 13 - Developing a Risk Management Plan for your Business

The course concludes with an in-depth investigation of risk management plan development and key strategies for controlling and alleviating business risk. Candidates also explore the implementation and testing of preventative measures, along with legal review conduction.    

Fee & Payment Options

Paying in Installments: £560 (interest FREE Installments)

Deposit: £104

No of Installments: 12

Each Installment: £38

Pay in Full: (£100 Discount) £460


At the end of this course successful learners will receive a Certificate of Achievement by ABC Awards and a Learner Unit Summary (which lists the details of all the units you have completed as part of your course).

The course has been endorsed under the ABC Awards’ Quality Licence Scheme. This means that Brentwood Open Learning College have undergone an external quality check to ensure that the organisation and the courses it offers, meet certain quality criteria. The completion of this course alone does not lead to an Ofqual regulated qualification but may be used as evidence of knowledge and skills towards regulated qualifications in the future. The unit summary can be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this sector. To this end the learning outcomes of the course have been benchmarked at Level 4 against level descriptors published by Ofqual, to indicate the depth of study and level of difficulty involved in successful completion by the learner.

The course itself has been designed by Brentwood Open Learning College to meet specific learners’ or employers’ requirements. ABC Awards’ endorsement involves a robust and rigorous quality audit by external inspectors to ensure quality is consistently met. A regular review of courses is carried out as part of the endorsement process.

What is ABC Awards?

ABC Awards is a leading national Awarding Organisation, regulated by Ofqual, and the Welsh Government. They have a comprehensive portfolio of over 650 Ofqual regulated qualifications on the national Qualifications and Credit framework (QCF). It has a long-established reputation for developing and awarding high quality vocational qualifications across a wide range of industries. As a registered charity, ABC Awards combines 180 years of examination and assessment expertise but also implements a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards also offers over 600 Ofqual regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Career Path

Completion of this course will help boost your long-term career prospects with a recognised qualification at an advanced level. From initial employment to ongoing advancement, the skills, talents and knowledge you acquire will give you an important edge over the competition. Work toward a career as a risk analyst, risk manager, risk management consultant, risk control supervisor or director of corporate risk management, with salaries ranging from £20,000 to more than £50,000 for executives. 

Who Should Take This Course?
  • Anyone interested in advanced risk management careers
  • Existing workers looking to climb the career ladder
  • Proactive, risk-focused business owners and managers
  • Entrepreneurs and anyone planning a new business start-up
  • Project managers and team leaders
  • Those involved in risk management with no formal qualifications
  • Candidates with an interest in general business or project management
  • Anyone interested in enhancing their job prospects with a recognised qualification

Related Links:

Certificate in Risk Management (Level 3)

Certificate in Risk Management (Level 2)

Certificate in Risk Management (Level 1)

Course Level
Level 4

Awarding Body
ABC Awards

Study Method
Online Learning

Course Duration
260 Hours Approx.

Entry Requirements
No Entry Requirements

Start Date

  • Our most advanced risk management course
  • Study enterprise risk management (ERM) in-depth
  • Learn how to identify, prioritise and address key risks
  • Explore risk management plan creation and adoption
  • Become a qualified and capable risk management professional 

Pay Online

Course Cost

£ 460

£ 560

£ 100