OTHM Level 7 Diploma in Risk Management

The OTHM Level 7 Diploma in Risk Management is an advanced qualification designed to provide professionals with the skills, knowledge, and strategic understanding necessary to effectively manage risks in complex organizational environments. In today’s rapidly changing business world, the ability to identify, assess, and mitigate risks is critical for organizational success and sustainability. This qualification equips individuals with the tools and expertise to tackle challenges in risk management across various sectors, including finance, healthcare, construction, IT, and more.

Whether you are an experienced risk professional or an individual looking to expand your knowledge in this essential area, the Level 7 Diploma in Risk Management is a comprehensive program that will enable you to excel in a risk-conscious business environment.

The OTHM Level 7 Diploma in Risk Management offers a comprehensive exploration of risk management principles, tools, and strategies needed to navigate the complexities of modern business operations. This course provides an in-depth understanding of the theory and practice behind risk management, equipping professionals with the skills to manage risks proactively, minimize threats, and leverage opportunities.

This qualification is ideal for professionals who wish to further develop their risk management skills or transition into roles with increased responsibility. Whether you’re working in corporate risk management, project management, or organizational leadership, this diploma will enhance your ability to anticipate and mitigate risk effectively.

The Level 7 Diploma in Risk Management is designed to give professionals a strategic understanding of risk management frameworks and practices, as well as practical tools for applying these concepts in the real world. Key topics include:

  • Risk Management Principles and Frameworks: Learn about key risk management principles, the ISO 31000 framework, and other international standards for managing risk.
  • Risk Identification and Assessment: Understand how to identify risks within an organization and assess their potential impact, likelihood, and severity.
  • Risk Control Strategies: Learn how to develop strategies to control, mitigate, or eliminate risks and how to develop a risk response plan.
  • Enterprise Risk Management (ERM): Explore the principles and practices of ERM and how to integrate risk management across all areas of an organization.
  • Financial and Operational Risk Management: Learn how to manage financial, operational, and strategic risks that affect an organization’s ability to meet its objectives.
  • Risk Governance and Compliance: Understand the role of governance, regulations, and compliance in managing risks, including the impact of corporate governance on risk culture.
  • Crisis Management and Business Continuity: Gain knowledge of how to prepare for and manage crises and implement business continuity plans in the event of disruptions.
  • Quantitative and Qualitative Risk Analysis: Explore various risk analysis techniques, including both qualitative and quantitative methods, to evaluate and prioritize risks.

Course Benefits

1. Expert Knowledge of Risk Management

The Level 7 Diploma in Risk Management provides in-depth knowledge of advanced risk management theories, frameworks, and best practices. You will develop a comprehensive understanding of risk in all aspects of business, including operational, financial, strategic, and compliance risks.

2. Career Advancement

This qualification opens doors to senior roles in risk management, such as Risk Manager, Risk Analyst, or Enterprise Risk Manager, within various industries. With the demand for qualified risk professionals increasing globally, this diploma will help you stand out and move up in your career.

3. Improved Decision-Making Skills

By completing this course, you will gain the ability to make informed, strategic decisions based on a clear understanding of risk, helping you to guide your organization through uncertainty and adversity.

4. Global Recognition

The OTHM Level 7 Diploma in Risk Management is internationally recognized, ensuring that you can pursue career opportunities in risk management across the globe. Whether you’re interested in working in multinational corporations, government agencies, or consulting firms, this qualification is valued worldwide.

5. Practical Application of Risk Management

The course not only teaches theoretical concepts but also emphasizes practical applications of risk management strategies. You will learn how to assess real-world risks and apply mitigation techniques effectively, making you ready to tackle the challenges businesses face today.

6. Compliance and Governance Expertise

Understanding the regulatory and compliance environment is crucial for risk professionals. This diploma provides a detailed understanding of governance frameworks and regulations, ensuring that you can manage risks while staying compliant with industry standards.

Course Learning Outcomes

Upon successful completion of the OTHM Level 7 Diploma in Risk Management, you will be able to:

  • Identify, assess, and manage a wide range of risks, from operational and financial to strategic and compliance risks.
  • Apply international risk management frameworks such as ISO 31000 to develop risk management strategies in various organizational contexts.
  • Lead risk management initiatives within an organization, creating and implementing effective risk management policies and plans.
  • Understand and manage risks at both the enterprise level and the operational level, ensuring organizational resilience and sustainability.
  • Integrate risk management strategies across all levels of an organization, ensuring comprehensive risk coverage.
  • Evaluate and manage the financial impact of risks, including the development of financial risk strategies and mitigation tactics.
  • Contribute to crisis management and business continuity planning, ensuring the organization is prepared for disruptions and unforeseen challenges.

Study Units

The OTHM Level 7 Diploma in Risk Management qualification consists of 6 mandatory units for a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.

Mandatory units

  • Principles of Risk Management
  • Strategic Risk Management
  • Responsible Leadership and Governance
  • Organisational and Environmental Risk
  • Risk Analysis and Modelling
  • Advanced Research Methods

Who is This Course For?

The OTHM Level 7 Diploma in Risk Management is ideal for:

  • Risk Professionals who wish to deepen their expertise and advance into senior or leadership roles within risk management departments.
  • Project Managers who need to understand and manage the risks involved in large, complex projects.
  • Business Leaders who are looking to gain a strategic understanding of risk and its impact on organizational success.
  • Finance Professionals who want to specialize in financial risk management and contribute to the protection and sustainability of an organization’s assets.
  • Consultants or Advisors looking to gain expert-level knowledge to assist businesses in improving their risk management practices.
  • Aspiring Risk Managers looking to break into the field of risk management with a globally recognized qualification.

This qualification is suitable for individuals working in industries such as finance, healthcare, IT, engineering, manufacturing, and government, who want to develop or enhance their risk management capabilities.

Future Progression

Upon completing the OTHM Level 7 Diploma in Risk Management, you can progress to:

  • Master’s Degree Programs in Risk Management, Business Administration, or other related fields to further specialize in risk management and leadership.
  • Chartered Risk Management Certifications such as the Institute of Risk Management (IRM) certification, or the Certified Risk Management Professional (CRMP) qualification.
  • Senior Risk Management Roles such as Chief Risk Officer (CRO), Head of Risk Management, or Enterprise Risk Manager within organizations.
  • Consulting and Advisory Roles in risk management, where you can work with businesses to identify and manage risk, providing expert advice and strategies to improve organizational resilience.
  • Crisis Management and Business Continuity Planning Roles, where you can help organizations prepare for and respond to disruptive events or crises.

The OTHM Level 7 Diploma in Risk Management provides an excellent foundation for progressing into high-level, specialized roles in risk management and governance, helping you take the next step in your career.

About This Course

The OTHM Level 7 Diploma in Risk Management is awarded by OTHM, a UK-based awarding body renowned for providing quality qualifications across various industries. The qualification is globally recognized, making it a valuable credential for professionals seeking opportunities worldwide.

The course is designed to be flexible, offering online study options to suit your work-life balance. You will receive support from experienced tutors with practical expertise in ri