OAL Level 6 International Diploma in Risk Management
OAL Awarding Body
Average Completion Time:
6 to 18 Months
Course Level 6
Study Method: Online
Study Units:10 Units
Assessment Based
The OAL Level 6 International Diploma in Risk Management is a prestigious qualification aimed at individuals looking to specialize in risk management at a high level. This advanced course provides a deep dive into risk theory, risk assessment, and mitigation strategies, preparing you to tackle the complex challenges faced by businesses operating on a global scale. Upon completion, you’ll be equipped to identify, evaluate, and manage a wide range of risks—whether financial, operational, strategic, or technological.
The OAL Level 6 International Diploma in Risk Management is designed for professionals seeking to develop advanced risk management skills and take on senior roles in managing organizational risk at an international level. This globally recognized qualification offers the knowledge and expertise needed to assess, manage, and mitigate risks that could impact businesses and industries across the world.
The OAL Level 6 International Diploma in Risk Management is a critical qualification for those looking to take their risk management career to the next level. With a focus on advanced strategies, global risks, and practical solutions, this diploma provides the knowledge and skills necessary to lead and manage risks at the highest levels of organizations worldwide. Whether you’re seeking career advancement, leadership opportunities, or global roles, this qualification will help you succeed in the dynamic field of risk management.
Entry Requirements
The OAL Level 6 International Diploma in Risk Management is designed for individuals who are already working in or aspire to enter senior risk management roles. The entry requirements are intended to ensure that students have the necessary background knowledge and experience to succeed in this advanced qualification.
Here are the entry requirements for this course:
1. Academic Qualifications
Level 5 Qualification (or Equivalent): Applicants should have a Level 5 qualification . This provides the foundational knowledge necessary for tackling the advanced topics in the Level 6 diploma.
Relevant Degree (Optional): A bachelor’s degree in a related field such as Business, Finance, or Management can also be considered for entry into this course.
2. Professional Experience
Experience in Risk Management or a Related Field: Ideally, applicants should have at least 2-3 years of work experience in a risk management, compliance, governance, finance, or related role. This experience will help you understand the real-world applications of risk management concepts and enable you to make the most of the course material.
Mid to Senior Management Experience: The course is designed for individuals who are looking to move into senior risk management positions. Having experience in mid-level management or executive roles will be beneficial, as this will help you grasp the strategic elements of risk management that are emphasized in the program.
3. English Language Proficiency
English Proficiency for Non-Native Speakers: If English is not your first language, you may be required to demonstrate proficiency in English. Typically, a minimum IELTS score of 6.5 or equivalent (e.g., TOEFL or Cambridge English) is required to ensure you can comfortably engage with the course content and assessments.
4. Motivation and Career Goals
Commitment to Advancing Your Career: As this is an advanced-level qualification, applicants should have clear career goals in risk management or related fields. The diploma is ideal for individuals who want to move into leadership or strategic risk roles and are committed to developing their skills in global risk management.
5. Basic Computer Skills
Basic IT Skills: You should be comfortable using standard office software and navigating online learning platforms if you choose to study via online or blended learning formats. Familiarity with using email, video conferencing tools, and online resources will help facilitate your learning experience.
Qualification structure
OAL Level 6 International Diploma in Risk Management
Mandatory Units
- Principles of Risk Management
- Risk Assessment and Evaluation
- Financial Risk Management
- Strategic Risk Management
- Crisis Management and Business Continuity Planning
- Enterprise Risk Management (ERM)
- Risk Reporting and Communication
- Global Risk Management
- Ethics and Corporate Social Responsibility in Risk Management
- Advanced Risk Management Tools and Techniques
Who is this Course For
The OAL Level 6 International Diploma in Risk Management is ideal for:
Mid to Senior-Level Professionals:
Those already working in risk management, compliance, governance, or related fields seeking to advance their careers.
Aspiring Risk Leaders:
Individuals aiming for leadership roles such as Chief Risk Officer (CRO), Risk Manager, or Senior Risk Consultant.
Risk Management Practitioners: Professionals who want to deepen their expertise in global risk management strategies and frameworks.
Senior Executives and Managers: Those in senior positions looking to integrate risk management into strategic decision-making.
Business Continuity and Crisis Management Experts: Professionals responsible for managing crises and ensuring business continuity in their organizations.
Consultants and Advisors:
Risk management consultants who wish to enhance their advisory capabilities for multinational clients.
Those Seeking International Career Opportunities:
Individuals looking to manage risks on a global scale across industries and markets.
Future Progression
Upon completing the OAL Level 6 International Diploma in Risk Management, you can progress in various ways:
Senior Risk Management Roles: Move into positions such as Chief Risk Officer (CRO), Risk Manager, or Senior Risk Consultant, overseeing enterprise-wide risk strategies.
Executive Leadership: Pursue roles in executive management, such as Director of Risk, Head of Compliance, or Chief Compliance Officer, focusing on strategic decision-making and governance.
Specialized Consulting: Start a career as an independent risk management consultant or join a consulting firm, advising global organizations on risk mitigation and business continuity.
Further Education: Progress to a Master’s degree in Risk Management, Business Administration, or related fields to deepen your knowledge and enhance your qualifications.
Professional Certifications: Obtain certifications like Chartered Risk Manager (CRM) or Certified Risk Management Professional (CRMP) to increase your professional standing.
Global Career Opportunities: Work with multinational companies or organizations, taking on risk management challenges in international markets.
The Qualification Process
The qualification process for the OAL Level 6 International Diploma in Risk Management
involves several key steps designed to ensure that candidates gain the necessary skills and knowledge to succeed in health and safety roles. Here’s an overview of the process:
Continuing Professional Development (CPD): After obtaining the qualification, individuals are encouraged to engage in ongoing professional development to stay updated with changes in legislation and best practices in health and safety.
Eligibility Check: Before enrollment, candidates should ensure they meet the entry requirements, including age, relevant experience, and a basic understanding of health and safety principles.
Enrollment: Candidates can enroll through an accredited training provider. During this stage, they may need to complete an application form and provide evidence of their qualifications and experience.
Initial Assessment: Many training providers conduct an initial assessment to gauge the candidate’s existing knowledge and skills. This helps tailor the learning experience to better suit individual needs.
Learning and Development: Participants engage in the course, which typically includes a mix of theoretical learning and practical assessments. Candidates will study various topics, such as health and safety legislation, risk assessment, and safety management systems.
Workplace Evidence Collection: A significant aspect of the NVQ qualification involves gathering evidence from the workplace. Candidates are required to demonstrate their competence by completing tasks related to their job roles, such as conducting risk assessments or implementing safety procedures.
Assessment: Throughout the course, candidates will undergo various assessments to evaluate their understanding and application of the material. This may include practical assessments, written assignments, and project work.
Portfolio Submission: Candidates compile a portfolio of evidence that showcases their learning and practical application of health and safety practices. This portfolio is submitted for review as part of the assessment process.
Final Evaluation: Once the portfolio and assessments are complete, a qualified assessor reviews the submitted work. They evaluate whether the candidate meets the required standards for the qualification.
Certification: Upon successful completion of all assessments and submission of the portfolio, candidates are awarded the OAL Level 6 International Diploma in Risk Management .This certification is recognized nationally and signifies a competent understanding of health and safety principles.
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The Global Training and Certification Service (TGTCS) Is Offering this qualification in association with iitpakistan