OTHM Level 7 Diploma in Risk Management
In today’s increasingly complex business environment, risk management plays a pivotal role in ensuring organizational resilience and sustainability. The OTHM Level 7 Diploma in Risk Management is an advanced qualification designed to equip professionals with the expertise needed to navigate and mitigate risks in various industries. This diploma caters to individuals looking to enhance their leadership abilities and decision-making skills in high-stakes scenarios.
The course content is specifically tailored to offer a comprehensive understanding of risk in a global context. Students explore key areas such as risk identification, assessment, and control techniques. Through the curriculum, learners gain insights into how risk impacts business strategy, finance, operations, and governance. By developing a deep understanding of these areas, graduates are better positioned to create risk management frameworks that ensure stability and growth in their organizations.
One of the key benefits of the OTHM Level 7 Diploma in Risk Management is its practical approach. The program focuses on real-world applications, helping learners not only grasp theoretical concepts but also apply them to current challenges in their field. This makes the diploma especially valuable for those in managerial or executive roles, where risk-related decisions can have a significant impact on business performance and reputation.
As risk management continues to grow as a discipline, professionals who hold this qualification stand out in the job market. Whether you are looking to advance your career or pivot into a specialized risk management role, this diploma provides the academic credentials and practical tools necessary to succeed. Additionally, the qualification is recognized globally, offering enhanced career mobility and opportunities across a range of sectors, including finance, healthcare, energy, and technology.
The OTHM Level 7 Diploma in Risk Management is an essential credential for professionals aiming to lead their organizations through uncertain and volatile conditions. It not only prepares learners to handle complex risk scenarios but also empowers them to become strategic leaders who drive positive outcomes in their industries.
Your journey to mastering risk management begins here. Enroll now and embrace the boundless opportunities awaiting you with the OTHM Level 7 Diploma in Risk Management.
For entry onto the OTHM Level 7 Diploma in Risk Management qualification, learners must possess:
- Mature learners with management experience (learners must check with the delivery centre regarding this experience before registering for the programme)
- Learners must be 21 years old or older at the beginning of the course
- English requirements: If a learner is not from a majority English-speaking country must provide evidence of English language competency.
Mandatory Units
The OTHM Level 7 Diploma in Risk Management qualification consists of 6 mandatory units for a combined total of 120 credits, 1200 hours of Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.
Mandatory units
Learning outcomes for OTHM Level 7 Diploma in Risk Management
Principles of Risk Management
- Understand risk management principles.
- Understand key legislation frameworks that influence risk management decision making in an organisation
- Evaluate the scope and implications of risk management standards.
Strategic Risk Management
- Understand the concept of strategy risk and various types of strategy risk.
- Be able to review an organisation’s strategy and risk plans.
- Understand the role of Corporate Social Responsibility and ethics in risk management systems.
- Understand the development, implementation and role of Business Continuity Planning with regard to corporate strategy
Responsible Leadership and Governance
- Understand the key sociocultural, ethical and moral issues that affect organisations in the current economic environment.
- Understand the role of leadership to manage strategic and operational risk in the organisation.
- Understand the importance of corporate governance in organisations.
- Understand the role and impact of corporate governance in the management of companies.
Organisational and Environmental Risk
- Understand the effects of risks on business organisations.
- Understand risk management function in organisations.
- Be able to prepare an effective risk management plan followed by an environmental screening.
- Understand risk control techniques.
Risk Analysis and Modelling
- Understand the concept of operational risk and Basel II model.
- Understand how to apply risk models to an organisational context.
- Be able to apply financial models to an organisational context.
Advanced Research Methods
- Be able to develop research approaches within a risk management context
- Be able to critically review literature on a relevant risk management topic
- Be able to design research methodologies.
- Be able to develop a research proposal.
The OTHM Level 7 Diploma in Risk Management is designed to cater to a diverse range of individuals who seek to deepen their understanding and expertise in risk management across various organizational contexts. This course is particularly suited for:
- Risk Management Professionals: Experienced risk managers, risk analysts, and risk consultants who wish to enhance their skills and qualifications in risk assessment, mitigation, and strategic risk management.
- Business Leaders and Executives: Executives, directors, and senior managers responsible for overseeing risk management functions within their organizations. This course equips them with the knowledge and tools to make informed decisions and establish effective risk management frameworks.
- Compliance and Governance Specialists: Professionals involved in compliance management, corporate governance, and regulatory affairs seeking to broaden their understanding of risk management principles and practices.
- Finance and Investment Professionals: Financial analysts, investment managers, and professionals working in banking, insurance, and investment firms interested in deepening their understanding of financial risk management and portfolio optimization.
- Project Managers: Project managers and program managers who recognize the importance of risk management in project delivery and wish to acquire advanced skills in risk identification, assessment, and mitigation.
- Consultants and Advisors: Risk management consultants, advisors, and practitioners providing advisory services to organizations across various industries. This course enhances their credibility and expertise in advising clients on risk management strategies and best practices.
- Career Changers and Aspiring Professionals: Individuals seeking to transition into a career in risk management or related fields. This course provides them with the foundational knowledge and practical skills needed to pursue opportunities in risk management roles across industries.
- Regulatory and Public Sector Professionals: Professionals working in regulatory agencies, government departments, and public sector organizations involved in risk assessment, compliance, and policy development. This course helps them understand risk management frameworks and practices applicable to the public sector context.
Future Progression
The OTHM Level 7 Diploma in Risk Management offers learners a gateway to advancing their careers or furthering their education. Recognized and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), this qualification not only opens doors to employment opportunities but also facilitates seamless progression to Master’s top-up programs at numerous universities in the UK and abroad. With this diploma, learners gain the eligibility to pursue advanced studies with enhanced standing, empowering them to delve deeper into their field of expertise and reach new heights in their professional journey.
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