Breaking risk management barrier as RIMAN, CIBN sign agreement

Worried by the apparent capacity deficiency in risk management in Nigeria, the Risk Management Association of Nigeria (RIMAN) and the Chartered Institute of Bankers of Nigeria (CIBN) have agreed to partner and run a joint certification programme in risk management. The executive councils of both organizations have approved a robust certification document and curriculum for this professional exam.

Certification documents have been developed to include the Risk Management Certification documents and the Students’ Guide. The Certified Risk Management (CRM)  document deals with the goals and objectives, training needs assessment, the structure of the programme, risk competency levels, curriculum development, affiliation, training governance and administration, funding and pricing and training universe.

While the programme is designed to confer identical knowledge capacity as other world-class risk certification examinations, it also harmonizes its scope with the Nigeria/domestic risk environment, hence creating not only certified risk managers but subject matter experts in the area of Nigeria Country Risk Management. In other words the structure is broken into two perspectives, the first being the global perspective and the other the Nigerian perspective.

The Students’ Guide provides the background, challenge, the response and what the certified programme is all about. It also gives details of the Certified Risk Manager Programme structure, the approach, examination dates, and eligibility/exemptions.

“The joint certification has been designed to address emerging and contemporary issues in risk management whilst paying attention to global comparability in terms of scope and national relevance, in terms of local content,” said ‘Debola Osigbogun, chairman of council, CIBN. 

Jude Monye, president of RIMAN, who was pleased with the agreement, said, “The CIBN has given us a baton, and it is a vision that we will run with. I want to say thank you.”