Four professionals in a business meeting

Certificate in Risk Management

Master the evolving landscape of risk management

Effective risk managers are more essential to modern organizations than ever before. The rapidly changing digital space is full of potential threats—not to mention the many new risks in enterprise and information technology that require assessment and management. Even operational risks like human resources have grown increasingly complex. Employers in the private and public sector require trained risk managers to both mitigate negative risks and identify positive opportunities.

What executives sayMore and more businesses are investing in ways to identify and manage the risks that they face. While the forms and types of risk change and evolve, one thing is certain—the field of risk management is on the rise and qualified professionals can thrive in this industry. Over the next two years, 88% of Canadian organizations plan to invest in their risk management capabilities.

In other words, there has never been a better time to learn how to identify, assess, monitor and limit risks.

Take the next step in your career

Certified Risk Managers currently make an average salary of $87,654 per year, a figure that may rise as the demand for qualified individuals grows.

Average salary for careers in Risk Management

 

Program Overview

The new Certificate in Risk Management prepares working professionals for risk manager and risk management analyst positions. It also provides valuable training for managers who have recently taken on risk management responsibilities. The specialized knowledge and skills gained will be immediately applicable in the workplace while also opening doors for future opportunities in the field.

Program Format

  • Starting in the Summer 2021 Term (May 2021), the Risk Management program is offered via blended learning, which combines online coursework with two required live, online sessions per course.

Format:  Online Blended
(Online Coursework + 6 Live Online sessions)

  • Format: Part-Time, Blended
  • Delivery: online coursework + 2 required online session per course
    (6 live online sessions held over Sundays)
  • Program Length: 6 months
  • In total, there are six (6) live online sessions. The live online sessions are facilitated by expert instructors and allow you to interact with your instructor and peers.
  • Our flexible blended format is designed to meet the needs of a wide range of students. You will be able to complete the full, 3-course program entirely online over the course of 6 months, and balance your full-time work, family, or other commitments.

New to live online learning? Watch this video!

Our interactive live online sessions allow you to engage with instructors and fellow students in a learning environment that is practice-oriented and dynamic, while our asynchronous coursework allows you to study and progress on your own time.

Program Courses

  • Risk Management Principles and Fundamentals (ONLINE)
    Understanding hazard, operational, financial, and strategic risk concepts. Learn to identify, analyze, and treat risks. Explore processes, frameworks, and techniques for monitoring and reporting on risks, utilizing risk management standards and guidelines.
  • Risk Assessment & Treatment (ONLINE)
    Explore methods for assessing risk and identifying appropriate treatments for risk minimization. Study theories of accident causation, root cause analysis, the application of various strategies for treating risks, and how to motivate risk treatment within an organization.
  • Risk Financing (ONLINE)
    Examine the selection, implementation and monitoring of risk financing techniques. Explore subjects such as transferring risk through insurance, types of insurance such as self-insurance plans, retrospective rating plans, captive insurance, finite and integrated risk, and capital market options.

Prepare for your Canadian Risk Management (CRM) designation

Graduates of this certificate are eligible and encouraged to write the exams for the Canadian Risk Management (CRM) designation, administered and conferred by the Global Risk Management Institute (GRMI), and recognized by the Risk and Insurance Management Society (RIMS). Attaining the CRM designation, in combination with the Certificate in Risk Management, will distinguish you as a qualified and skilled candidate in the field.

If you are interested in pursuing the CRM designation, the GRMI and RIMS have their own requirements regarding application, admission, program and membership. Students should contact the GRMI and RIMS directly for more information. See the RIMS website for accreditation requirements.

Who should take this program?

  • Risk management professionals preparing for their CRM designation.
  • Managers, supervisors, and team leaders who have recently taken on risk management responsibilities.
  • Business students and current business professionals who are looking to enter the growing field of risk management.

For professionals working in:

FinanceFinance

HealthHealth

InsuranceInsurance

ConstructionConstruction

Food SafetyFood Safety

other industries that deal with risk

 

Dinesh Garbharran, Interim CRO, TD Insurance & VP, Risk Management, TD Bank (Advisory Council Member for the Certificate in Risk Management)“The Certificate in Risk Management is designed to provide risk professionals with relevant theoretical knowledge and application techniques to position them for success”.

~ Dinesh Garbharran, Interim CRO, TD Insurance & VP, Risk Management, TD Bank (Advisory Council Member)

Courses

Risk Management Principles and Practices

Understand hazard, operational, financial, and strategic risk concepts. Learn to identify, analyze, and treat risks. Explore processes, frameworks, and techniques for monitoring and reporting on risks, utilizing risk management standards and guidelines.

Risk Assessment and Treatment

Explore methods for assessing risk and identifying appropriate treatments for risk minimization. Study theories of accident causation, root cause analysis, the application of various strategies for treating risks, and how to motivate risk treatment within an organization.

Risk Financing

Examine the selection, implementation and monitoring of risk financing techniques. Explore subjects such as transferring risk through insurance, types of insurance such as self-insurance plans, retrospective rating plans, captive insurance, finite and integrated risk, and capital market options.

Advisory Council

Senior executives from many of Toronto’s leading organizations help us ensure that our graduates have the skills and knowledge that employers value most, including the following:

Dinesh Garbharran, Interim CRO, TD Insurance & VP, Risk Management, TD Bank (Advisory Council Member for the Certificate in Risk Management)Dinesh Garbharran, VP, Risk Management, TD Insurance Risk

Dinesh Garbharran is currently Vice President, Risk Management, TD Insurance (TDI). Dinesh assumed leadership of the Risk Management function supporting TDI in May 2014.  Dinesh joined TD Bank Group in December 2013.  Prior to joining TD, Dinesh was the Head of Enterprise Risk Management for Standard Bank Group in South Africa from 2012-2013. Previous to this, Dinesh was the Group Chief Risk Officer of Discovery Holdings (2004 – 2012).  Dinesh holds Masters of Science degree from the University of the Witwatersrand.

Mike Soegtrop - Manulife, Director, Crisis Management, Global Information Risk ManagementMike Soegtrop, Manulife,  Director, Crisis Management, Global Information Risk Management

Biography will be posted soon.

 

 

Derek Tang - OPG, Director, Insurance Risk ManagementDerek Tang, OPG,  Director, Insurance Risk Management

Biography will be posted soon.

 

Garvin Deokiesingh, AGF,  Vice President, Audit and Enterprise Risk

Biography will be posted soon.

Michael Galin, TELUS, Director, Risk Management

Biography will be posted soon.

Tina GardinerTina Gardiner, Manager, Risk Management Services for The Regional Municipality of York

Tina Gardiner is the Manager, Risk Management Services for The Regional Municipality of York, one of Canada’s fastest growing municipalities, and has accumulated over 30 years experience in risk and insurance with various corporations. During her career with York Region Tina has successfully built the Risk Management Services (RMS) unit, from the ground up, incorporating an enterprise risk management approach. Today this unit of claims and risk management professionals has a respected advisory role within the Region.

Continuing education is important to Tina having been a lifelong learner herself. After graduating with her Biology degree (BSc) from Wilfrid Laurier University she went on to complete her Chartered Insurance Professional designation (CIP) from the Insurance Institute of Canada, Canadian Risk Management designation (CRM) from University of Toronto, a Masters Certificate in Municipal Leadership from the Schulich School of Business at York University, Excellence Canada Certificate in Process Improvement Management and York Region’s own Executive Leadership Program. Tina has been an instructing insurance and risk management courses in a formal and non-formal setting since 2005.

Currently serving in her second year as a Director on the Risk and Insurance Management (RIMS) Board, Tina has been an active participant in RIMS at the Chapter level thorough ORIMS, serving several terms as President, and nationally through the RIMS Canada Council serving as Chair. Tina was humbled and honoured to receive the industry’s 2010 Don Stuart Award for Excellence in Risk Management. Tina is also an active member in the Society of Professional Insurance Administrators of Ontario (SPIAO).

Tina likes bringing people together through networking, shared experiences and as a thought leader. She is the co-founder and co- chair of two municipal risk management committees in Ontario; and has served as Chair of a Canadian on-line municipal risk management forum. Risk Management is a passion for Tina, and she loves to talk about anything risk and insurance related….. especially with rising risk and insurance professionals.

 

Instructors

Riaz JumaRiaz Juma, BA, MBA, CRM

Riaz Juma is the Director of Insurance and Risk Management at CAP REIT, one of Canada’s largest residential property owners. CAP REIT also has significant residential real estate portfolios in Ireland and the Netherlands. His insurance and risk management career has spanned thirteen years and has included time in claims and insurance broking, as well as in risk management at Triovest Realty Advisors, Bentall Kennedy and Brookfield Asset Management. He has completed a Bachelor of Political Science at York University and a Master of Business Administration at the Schulich School of Business and also holds the CRM Designation.

Lapo CalamaiLapo Calamai, Director, Enterprise Risk Analytics and Decision Support, Corporate Risk Management
at the WSIB

Lapo Calamai is an economist, certified risk management professional and thought leader with 15 years of experience at the intersection of public policy and the financial services, insurance and pension industries. Throughout his career, Lapo has held leadership positions in the private, public and non-profit sectors. He has served as an economic and policy advisor to ministers and government executives in federal and provincial governments in the United Kingdom and Canada.

As a career public servant and former registered lobbyist, he brings to the table unparalleled acumen navigating complex and highly-regulated industries. Lapo’s core areas of expertise include corporate and enterprise risk management, insurance, corporate governance, compliance and internal audit. He is a trusted advisor for organizations looking to establish, operationalize or enhance risk management processes and tools with the objective of driving growth, optimizing capital efficiency, strengthening reputation and meeting compliance obligations. A published author, Lapo has written articles on emerging economic policy, insurance and risk management issues, and holds an undergraduate degree in economics and a master’s degree from the London School of Economics and Political Science.

Darius DelonDarius Delon, MBA, FCIP, CCIB, CRM, RIMS-CRMP

Darius is a risk management consultant (Risk Management 101) and past-chair of the RIMS Canada Council (RCC), past-president of the Southern Alberta Risk and Insurance Management Society (SARIMS) and a risk and insurance practitioner for the past 25 plus years. He has worked with very large organizations, such as the Calgary Board of Education, with 100,000 students and 10,000 staff. Darius has also worked with organizations that have operations all across Canada, with over $10bn of property under management, and post-secondary institutions with very diverse risk profiles (e.g. academic, research, student travel, fundraising and provincial budget risks).

Tina GardinerTina Gardiner, Manager, Risk Management Services, The Regional Municipality of York

Tina Gardiner is the Manager, Risk Management Services for The Regional Municipality of York, one of Canada’s fastest growing municipalities, and has accumulated over 30 years experience in risk and insurance with various corporations. During her career with York Region Tina has successfully built the Risk Management Services (RMS) unit, from the ground up, incorporating an enterprise risk management approach. Today this unit of claims and risk management professionals has a respected advisory role within the Region.

Continuing education is important to Tina having been a lifelong learner herself. After graduating with her Biology degree (BSc) from Wilfrid Laurier University she went on to complete her Chartered Insurance Professional designation (CIP) from the Insurance Institute of Canada, Canadian Risk Management designation (CRM) from University of Toronto, a Masters Certificate in Municipal Leadership from the Schulich School of Business at York University, Excellence Canada Certificate in Process Improvement Management and York Region’s own Executive Leadership Program. Tina has been an instructing insurance and risk management courses in a formal and non-formal setting since 2005.

Currently serving in her second year as a Director on the Risk and Insurance Management (RIMS) Board, Tina has been an active participant in RIMS at the Chapter level thorough ORIMS, serving several terms as President, and nationally through the RIMS Canada Council serving as Chair. Tina was humbled and honoured to receive the industry’s 2010 Don Stuart Award for Excellence in Risk Management. Tina is also an active member in the Society of Professional Insurance Administrators of Ontario (SPIAO).

Tina likes bringing people together through networking, shared experiences and as a thought leader. She is the co-founder and co- chair of two municipal risk management committees in Ontario; and has served as Chair of a Canadian on-line municipal risk management forum. Risk Management is a passion for Tina, and she loves to talk about anything risk and insurance related….. especially with rising risk and insurance professionals.

Toni RossiTony Rossi, BA, MBA, FCIP, CRM

Tony Rossi is a risk management industry professional who has practiced in both traditional and enterprise risk management roles within the public sector. Tony’s 20-year career includes implementing an enterprise risk management framework, establishing large self-insured deductible programs, managing claims administration departments, and implementing effective risk control measures. Tony has been teaching risk management courses since 2004 and strives to provide students with a valuable learning experience.

Admission Requirements

The Certificate in Risk Management is a direct registration program. No application process is required; simply enrol in the session of your choice to get started.

Technology Requirements for Remote/Online Courses

Program Policies

 

If you would like more information or have a question about the Certificate in Risk Management, please Contact us

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