OTHM Level 7 Diploma in Risk Management

The OTHM Level 7 Diploma in Risk Management offers professionals a robust framework to develop advanced skills and expertise in identifying, assessing, and managing risks within a business context. This comprehensive qualification is designed for experienced professionals and aspiring leaders who want to take their risk management abilities to the next level.

The OTHM Level 7 Diploma in Risk Management is a postgraduate-level qualification that provides a deep understanding of risk management principles and practices. This qualification is ideal for individuals who are already working in risk management roles or related fields and wish to enhance their knowledge and skills in this domain. The course is designed to offer strategic insight into risk management, making it suitable for senior professionals who want to prepare for leadership roles in risk management.

This diploma offers an in-depth exploration of the core concepts of risk management, including the assessment and management of various types of risks such as financial, operational, strategic, and technological risks. Through a mix of theoretical knowledge and practical applications, learners will develop a comprehensive understanding of risk management frameworks, policies, and tools.

The course covers both qualitative and quantitative approaches to risk management and emphasizes the importance of embedding risk management practices within the organizational culture. The Level 7 Diploma is designed to equip professionals with the skills needed to make informed decisions about risk and to ensure that an organization’s risk management strategy aligns with its overall objectives and goals.

Course Study Units

The OTHM Level 7 Diploma in Risk Management consists of several key modules that cover a wide range of topics, including:

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

    Course Learning Outcomes

    Upon completion of the OTHM Level 7 Diploma in Risk Management, learners will:

    1. Develop Advanced Risk Management Skills: Gain the ability to identify and assess various types of risks within an organization, and implement strategies to minimize or manage those risks effectively.
    2. Understand Strategic Risk Management: Learn how to integrate risk management with overall organizational strategy and make informed decisions to drive long-term success.
    3. Apply Risk Assessment Tools and Techniques: Master both qualitative and quantitative risk assessment methods to evaluate risks accurately and make evidence-based decisions.
    4. Manage Financial and Non-Financial Risks: Develop strategies to manage a wide range of risks, including financial, operational, legal, and reputational risks, to safeguard an organization’s performance.
    5. Create Business Continuity Plans: Learn how to prepare for unforeseen disruptions, ensuring an organization can continue to operate in the event of a crisis or significant risk event.
    6. Contribute to Corporate Governance: Understand the importance of risk management in corporate governance and compliance, ensuring that an organization adheres to ethical and legal standards.

    Who is this Course For?

    The OTHM Level 7 Diploma in Risk Management is ideal for a variety of professionals, including:

    • Risk Managers and Consultants: Those currently working in risk management roles who want to gain advanced knowledge and skills.
    • Senior Managers and Executives: Individuals who are responsible for decision-making at a senior level and wish to gain a strategic understanding of risk.
    • Business Leaders and Entrepreneurs: Those who own or manage organizations and are looking to incorporate risk management into their business strategy.
    • Project Managers: Professionals who manage projects and want to enhance their risk management abilities to ensure project success.
    • Regulatory and Compliance Officers: Professionals working in regulatory or compliance roles who wish to broaden their understanding of how risk management impacts governance.

    Course Future Progression

    Completing the OTHM Level 7 Diploma in Risk Management opens several pathways for career advancement and further academic development:

    1. Career Advancement: This qualification enhances your ability to assume leadership roles in risk management, corporate governance, and strategic planning. Graduates can pursue roles such as Chief Risk Officer (CRO), Risk Director, or Senior Risk Analyst.
    2. Professional Certifications: Holders of the OTHM Level 7 Diploma may choose to pursue additional professional certifications in risk management from organizations like the Institute of Risk Management (IRM) or the Global Association of Risk Professionals (GARP) to further enhance their credentials.
    3. Postgraduate Study: The OTHM Level 7 Diploma is also a stepping stone toward pursuing a master’s degree in related fields such as Risk Management, Business Continuity, or Corporate Governance. Many universities recognize the diploma and offer direct entry into their postgraduate programs.
    4. Consultancy Opportunities: Graduates may choose to start their own consultancy business, advising organizations on how to manage risks effectively and develop comprehensive risk management strategies.

    The OTHM Level 7 Diploma in Risk Management offers a unique opportunity for professionals to develop the strategic and technical skills necessary to manage and mitigate risks in today’s complex business environment. By completing this course, you will gain the knowledge and expertise needed to thrive in senior risk management roles and contribute significantly to the success of your organization. Whether you are looking to advance your career, enhance your risk management capabilities, or further your academic studies, this diploma provides the tools and knowledge to help you succeed.