IRM launches International Diploma in Risk Management

LONDON: The London-based Institute of Risk Management has revealed a new International Diploma in Risk Management. The diploma is the IRM's postgraduate level distance learning qualification and has been redesigned in order to take into account a much broader view of risk and risk management, the IRM said.

Steve Fowler, chief executive officer of the IRM, explained that the IRM views risk management as a multi-faceted, integrated, enterprise-wide, holistic tool.

"If you are teaching risk management, then you need to teach a balanced view of risk management, including the upside as well as the downside of risk," he said.

The new diploma is post-graduate level, but a degree is not required—entry requirements are a degree or a certain level of experience—about three years' or more risk management experience at a senior level.

Mr. Fowler said that features of the new course include a broad range of options with an enterprise-wide approach, international applicability and availability, improved student support, and flexible distance learning so that students can progress at their own pace.

He estimated that the diploma should involve about four years' part-time study, with a minimum of two years' and an upper limit of eight years' study involved. It would cost around £4,000 ($8,000) over four years, Mr. Fowler said.

ICICI Bank launches the Probationary Officer Programme for Banking and Insurance

ICICI Bank, India’s second largest bank, today announced the “Probationary Officer Programme.” It is a first of its kind, nation wide initiative to attract bright graduate students to pursue a career in banking.

Applications will be invited from graduates across the country and aspirants who are selected under this programme will go through an intensive one-year residential training program. On successful completion of the program they will be awarded a Diploma in Banking & Insurance and absorbed in a managerial position at ICICI Bank. They will also have an opportunity to pursue an e-MBA while working. All the costs incurred on the training will be borne by ICICI Bank and the students will be paid a monthly stipend to take care of their expenses.

The selection will be through a multi stage selection process and those selected will be eligible for the requisite training. The training program will cover knowledge, skill and etiquette in various business areas, which will be delivered through identified training partners. The students will be trained in areas of Corporate Banking, Private Banking, Risk and Credit Management, Treasury, Branch Management and Relationship Management.

The course will involve one year of rigorous classroom training and internship. Mr. K. Ramkumar, Chief Human Resource Officer, ICICI Bank, said,” This is an attempt to provide an alternate career opportunity to aspiring graduates.”

He also added,” The Probationary Officer Programme, which is the first of its kind programme, will offer graduate students a professional qualification and a managerial job.”