Level 6 Risk Management in Banking (RMIB)

Professional Qualifications

Level 6 Risk Management in Banking (RMIB)

This comprehensive qualification provides context to the risks faced by the banking industry, using management frameworks and enterprise-wide principles to analyse them. You will look at the role stakeholder management, corporate governance and regulation have upon setting risk appetite and strategies.

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About the qualification

Risk Management in Banking provides a critical evaluation of the management process within a contemporary banking context. Aimed at managers or those moving into more senior roles, it takes a practical approach to ensure that you develop a solid contextual understanding. A wide range of data and real life case studies are used to help demonstrate practical issues and considerations for a modern banking industry.

This qualification critically evaluates these different approaches to ensure a balanced view is offered on their use in order to promote best practice. It draws all of the main themes together to identify, measure, manage and report the myriad of interrelated risks which banks face.

Benefits for you

  • Develop your business experience in this critical area
  • Improve your management prospects
  • Achieve an industry recognised qualification

 

Benefits for your employer

  • Value-added through better business decisions
  • Improve your management prospects
  • Support your staff with their professional development

Risk Management in Banking is a Level 6 qualification. Regulation by Ofqual is pending.

Key information

  • Two study sessions per year in November and May
  • Comprehensive online study materials are provided
  • Tutor supported
  • Assessed through a coursework assignment and written examination
  • Contributes to achievement of Chartered Associate status 

Units

This qualification consists of one unit.

Unit 1 - Risk Management in Banking

 

  • Overview of risk management in banking
  • Corporate governance and stakeholders
  • Identification of the main types of risks faced by banks
  • Risk measurement and evaluation
  • Appropriateness of various risk management responses
  • Importance of effective communication strategies and review of risk management processes
  • Risk and return trade off in the context of risk appetite and commercial objectives

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In today's rapidly changing economic environment, banks face a myriad of interrelated risks which, if not appropriately managed, have the potential to severely impact not only an individual bank but also the wider economy. This course investigates the contemporary risks that banks face and how they can be managed in a holistic manner to meet the expectations of a wide range of stakeholders such as regulators, shareholders, customers and the wider society. Jon Jeffery -Subject Matter Expert, Level 6 Risk Management in Banking

Studying

Your registration fee includes the following study support:

  • Tutor support
  • Online access to learning materials
  • Exemplar papers
  • Webinars and learning activities including e-quizzes
  • Study planner
  • Access to online forum
370 study hours are recommended. The course is studied over a six month session.

Assessment

The unit will be assessed through:

  • A three hour written examination with pre-released case study
  • A coursework assignment of 2,000-3,000 words

To minimum pass mark is 50% of the marks available within each part. 

Find out more about booking an exam and assessment venues.
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Frequently Asked Questions

The registration fee includes the study text, in both book and PDF format*, the first sitting of your examination and/or coursework and online access to the MyLIBF area of the website.

*The Certificate for Specialists in Demand Guarantees (CSDG®) study text is not currently available online.   

In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.

You can find out more information about the bursaries we offer here.
If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us. 

If you find that the qualification you have registered for is not appropriate to your needs, you may cancel it. A full refund will only be given providing all learning materials are returned to us, fully intact and undamaged, within 14 calendar days of receipt. However, if you have already booked an examination, no refund will be given.

 

After 14 calendar days, all fees are non-refundable and non-transferable. If you have registered for a qualification where study materials are provided online only e.g. resit and CSDG students, a refund may only be requested within 14 days of The London Institute of Banking and Finance receiving payment.

This is dependent on the type of examination you are sitting.

Electronic examinations

These are controlled by Pearson VUE and you will need to contact them directly via using the details on the ‘important registration information’ link on the MyLIBF home page.

If you are unable to attend your examination, please contact Pearson VUE as soon as possible to cancel or reschedule your examination, allowing a minimum of one full clear business days notice prior to your examination. For example, the deadline to cancel or reschedule an electronic examination due to take place on a Tuesday would be the Friday before. 
 
AFA examinations

All electronic Advanced Financial Advice (AFA) examination and all paper based examinations are taken on a set date (as per the qualification timetable) and it is not possible to change the date and time. You may however, be able to change the venue or defer to a later sessions and should contact the Student and Customer Services team via email or by phone on +44 (0)12 2781 8609 to enquire.

If you are unable to provide the required notice due to significant mitigating circumstances such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application. 

Making a complaint

A complaint should be made as soon as possible, but no later than ten working days from the date of the incident occurring. 

We deal with all complaints as promptly as possible and within clearly defined timescales. Where it is not possible to meet these service standards, students will be informed of the progress of their complaint. The stages for handling a complaint are as set out within our CPQ Complaints Policy.

Appealing a decision

Students also have the right to appeal to a decision that has been made in the course of the assessment of their programme of learning. An appeal may only be submitted in relation to final decisions. 

An appeal application must be submitted to us within 15 working days of the date of our letter advising the outcome of a decision. If the appeal application form is received after the deadline, we reserve the right to refuse the application. Please read our Appeals Policy, in particular Section B - 'making an appeal'.
 
Making a result enquiry

If you believe that there has been an error in the marking of your assessment, you may apply for an assessment result enquiry. This policy does not apply to the applicant who believes that their performance during an assessment may have been adversely affected by external factors, for example, noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Please read our Assessment Result Enquiry Policy fully as this sets out the key stages for applying. An application form is included within the policy and must be sent to us within 10 working days of the assessment outcome being communicated to you. 
 

For any of the above, we recommend that you first contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk to discuss the nature of your concern and for us to offer guidance regarding the process.

... Recognition of Prior Learning (RPL)?

You can apply by completing the RPL application form and sending the form and certified copies of your qualification certificate or transcript to the email or postal address on the form.

We aim to consider and respond with an outcome to your application within 10 working days. In the event that an enquiry proves complex, we may need longer than initially anticipated to investigate it. In such cases, we will make sure that you are kept informed of progress.

You can find the RPL policy here.

special consideration?

You can find our CPQ Special Consideration Policy here. You will need to complete an application form and submit this with your documentary supporting evidence. Given the individual nature of special consideration claims, we would recommend that you also contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit your application.

For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the examination date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to consider and respond with an outcome within 5 – 10 working days of receipt of your application. This timescale may be longer In the event of your application being referred to the Concessionary Board.

… reasonable adjustment?

Given the individual nature of reasonable adjustments, we would recommend that you contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit a request. This will allow us to fully understand the nature of your request and advise you on the type of supporting evidence required.

You can find our CPQ Reasonable Adjustments Policy here. An application form is included within Section A, and must be sent to us at least six weeks prior to the date when the adjustment will need to be in place. 

Contact

For enquiries please contact Student and Customer Services or call +44 (0)12 2781 8609.

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