Certified Risk Management Specialist

Program Overview
How It Works
Career Paths
Testimonials
FAQ

Risk Management Specialization Overview

CFI’s Risk Management Specialization builds practical skills to identify, assess, and manage risks in financial institutions. Starting with core risk management principles, the program covers credit, market, and operational risks, along with regulatory compliance and control evaluation. Advanced topics include stress testing, scenario modeling, and Environmental, Social, and Governance (ESG) risk.

This hands-on curriculum prepares you to create effective risk strategies and frameworks, equipping you to navigate complex risk environments across industries and regulatory environments.

What's in the Risk Management Specialization?

18 courses

Consisting of 912 lessons

80+ interactive exercises

Learn by doing with guided simulations

Blockchain certificate

To verify your skills

500,000+ 5-star ratings

Best-in-class training, as rated by you

Earning Your Certificate in Risk Management

Step 1.

Prerequisite Courses

Choose from 7 optional courses to learn or review the fundamentals.

See All Prep Courses

Step 2.

Core Courses

Complete 9 required core courses to build your skill set in Risk Management.

Introduction to Risk Management

4.9 (94 Ratings)

1h 7min

Basel III and Risk Management

4.9 (7 Ratings)

2h 56min

Operational Risk Management in Banks

4.8 (5 Ratings)

1h 15min

Market Risk Fundamentals

4.9 (8 Ratings)

1h 26min

Historical VaR for Market Risk

5 (5 Ratings)

2h 15min

Credit and Counterparty Credit Risk

5 (2 Ratings)

1h 14min

ESG Risk Management

4.8 (10 Ratings)

1h 19min

Cybersecurity and RegTech Fundamentals

4.8 (5 Ratings)

1h 4min

Compliance Risk Management

4.9 (10 Ratings)

40min

Hide All Core Courses

Step 3.

Elective Courses

Complete 2 electives to master more advanced topics and specialized areas.

See All Elective Courses

Skills & Learning Objectives in Risk Management.

Risk Identification

Identify and classify risks faced by financial institutions, including credit, market, operational, and compliance risks.
Understand internal and external factors contributing to risk exposure, and recognize emerging risks in today’s financial landscape.
Establish a structured approach to risk identification for thorough assessments across scenarios.

Risk Measurement

Regulatory Analysis

Risk Mitigation

Meet Your Instructors

Ryan Spendelow

Ryan joins CFI having spent over a decade designing and delivering training solutions for the investment banking and investment management industries around the globe. Based in London, Ryan is experienced at creating innovative training solutions that deconstruct complex products and ideas into simple to understand concepts.

Noah Miller

Noah Miller is the Co-Founder and Chief Advisory Officer at Rho Impact, a North-American Based ESG advisory and software company. He has been CFI's ESG subject matter expert since 2020. Noah has held a variety of roles in the ESG space, ranging from consulting practice leader to fractional director for multiple public and private companies to a board advisor.

Glenn Hopper

Glenn is a technology-minded CFO with more than two decades of experience in finance and accounting leadership. He is a consultant and author who writes about the intersection of artificial intelligence and corporate finance. His book, Deep Finance: Corporate Finance in the Information Age, provides a digital transformation roadmap for businesses to follow to become data-driven organizations. His expertise spans financial leadership and strategy, finance automation, data science, and operational efficiency. Glenn has a master's in finance from Harvard University with a graduate certificate in business analytics, and an MBA from Regis University.

Dr. Tonisha Pinckney

Dr. Tonisha is a distinguished consultant who’s directed Fortune 500 institutions in forensic accounting, fraud examination, and organizational risk management, with a specialized focus on ethics and regulatory compliance.

Careers in Risk Management

Market Risk Analyst

Applies quantitative methods like VaR and scenario analysis to monitor market risk, maintaining stability in volatile financial markets.
Complaince Officer

Monitors regulatory adherence, mitigating legal and reputational risks through regulatory analysis.
Credit Risk Analyst

Assesses borrower creditworthiness and counterparty risks, using risk measurement techniques to reduce potential losses from defaults.
Risk Consultant

Guides organizations in risk identification, measurement, and mitigation to enhance risk management frameworks.
Enterprise Risk Analyst

Evaluates risks across business areas, implementing strategies to protect against operational, market, and regulatory risks.
Internal Audit

Reviews risk management processes and internal controls to ensure compliance and minimize financial and operational risks.

Risk Management Graduates Work in Leading Organizations

What Our Members Say

FMVA certification is challenging, robust and interesting that equips an accounting/finance professional with world-class skills set to advance their careers excel in their endeavors!

Adrian Young

This course was very detailed and structured. I would definitely recommend this Certification for any budding Financial Analyst.

Anirudh Ganeshan

I believe the program fully performs what it promises, bridging the gap between work and higher education. For me it means an added value that I cannot describe in words. The program focuses on technical knowledge, which is highly valued since, on average, a student only learns theory before starting work.

Benjamin Briner

Strongly recommend to everyone who wants to receive new careers opportunities and enhance their knowledge in finance. CFI FMVA is perfect opportunity for everyone to obtain neccessary and strong background in financial modeling and valuation of companies. CFI helped me a lot with providing a financial aid and now my profile as a finance specialist is much more attractive and I receive additional confidence in my valuation skills. Thanks to everybody in the CFI team for creating such brilliant courses.

Alexandr Palienko

The resources are very educational and will go a long way not only for me but also for our colleagues in the energy regulatory agency. I appreciate very much the CFI material!

Arthur Evangelista, Chairman, Grid Management Committee Inc.

Big thank you to Tim Vipond for this incredible course. After much hard work, I now possess valuable financial modeling capabilities such as building discounted cash flow models, building dynamically linked 3-statement models, and building multi-year forecasts to project income statements, cash flows, and balance sheets into the future. In addition, I can draw upon multiple methods of financial and valuation analysis (including ratio analysis, scenario analysis, sensitivity analysis, accretion/dilution analysis, comparable company analysis, precedent transactions, and discounted cash flow analysis) in order to assess the risks and rewards of investment opportunities.

Brandon J. Casamassima, Investment Analyst

Highly recommend the FMVA to everyone including people already in relevant careers who want to maximize their productivity or finance undergrads before they start their IB internships and want to make an impression.

Rahul Chanda

This is a no-brainer for anyone still using their mouse in Excel.

Shakil Kassam

I am honored to be amongst the other certified holders and I am excited to put into practice the many things I learnt from this program.

Laverne Hutchinson

This experience has refined the way I build my financial models, with the added bonus of learning how to apply scenario and sensitivity analysis to answer what if questions.

Laverne Hutchinson

Someone with no finance or accounting background can take this program and will not have any difficulties grasping the concepts.

Comfort Dufie

The skills are actual real-world skills (unlike most financial qualifications) that have already helped me land a new role.

Mark Wheeler

I would absolutely recommend CFI’s training for anyone who’s looking to rapidly increase their ability to add value through a certification program.

Anthony Santillanes

The FMVA program is the best professional certification course I have ever done. The course is hands on experience with relevant industry examples.

Ajiboye Afeez

CFI’s FMVA is the epitome of practical financial analysis and with it, you do not need years of practice to know the content. You are fully baked by the time you finish the course.

David Kamenya

Frequently Asked Questions

If you haven’t found your answer from our FAQ, please send us a message.

Contact Us

What is the Risk Management Specialization, and who is it designed for?

The Risk Management Specialization is CFI’s practical training program focused on identifying, measuring, and mitigating risk across different areas of finance. It is designed for professionals, such as analysts, consultants, and managers, who want to strengthen their expertise in credit risk, market risk, operational risk, and enterprise risk management.

What are the admission requirements for the specialization?

There are no formal prerequisites to begin the program. All you need is a computer with Microsoft Office 2016 or newer and an internet connection. Whether you are new to risk management or already working in the field, the curriculum provides step–by–step training to help you build confidence and practical skills.

How long does it take to complete the specialization, and how flexible is the program?

The Risk Management Specialization can typically be completed in 4 to 6 weeks with part–time study. Because the program is fully self–paced, you can learn on your own schedule, revisit lessons as often as needed, and maintain access to new updates for as long as your subscription remains active.

Is the specialization recognized worldwide by employers?

Yes. CFI certificates are trusted by over 2 million professionals and thousands of organizations globally. The Risk Management credential shows employers that you can analyze and mitigate different types of risk—a skillset valued across finance, consulting, and corporate roles.

What career opportunities can the specialization help me pursue?

This program prepares you for roles where risk expertise is essential, including risk analyst, risk manager, consultant, and finance professional in banking, corporate, or advisory environments. By completing the specialization, you’ll be equipped with the knowledge and applied skills employers expect from professionals managing risk in dynamic business settings.

How does CFI ensure the training is practical and job-ready?

The curriculum is built around real–world case studies and exercises, showing you exactly how to apply risk frameworks in professional scenarios. You’ll practice assessing credit, market, operational, and enterprise risks and graduate with desk–ready skills you can use immediately.

How are exams conducted, and how do I earn my certificate?

Each course includes online exams with multiple–choice questions, fill–in–the–blank exercises, and applied case assessments. A passing score of at least 80% is required, and exams can be retaken as needed during your CFI subscription. Once you complete all required courses and assessments, your blockchain–verified Risk Management Specialization certificate will be issued instantly.

Are CFI courses accredited?

Yes. CFI is accredited by the Better Business Bureau and recognized by organizations including NASBA and CPA institutions in the US and Canada. Completing the Risk Management Specialization may also count toward your continuing professional education (CPE) or continuing professional development (CPD) hours. You can find more information here.

How much does the specialization cost, and what’s included with my CFI subscription?

The Risk Management Specialization is included with your annual CFI subscription, which provides unlimited access to the full course library. Your subscription covers all lessons, case studies, exams, certificates, and future updates at no additional cost.

What kind of learner support and career resources does CFI provide during the program?

All learners receive technical and learning support to ensure a smooth experience throughout the program. You’ll also join a global community of finance professionals to exchange ideas and insights. Full Immersion subscribers benefit from added services like expert feedback on models, instant help with AI Tutor, and direct email access to CFI analysts.

If you haven’t found your answer from our FAQ, please send us a message.

Contact Us

Risk Management Specialization

Risk Management Specialization Overview

What's in the Risk Management Specialization?

Earning Your Certificate in Risk Management

Prerequisite Courses

Introduction to Banking

Excel Fundamentals - Formulas for Finance

Fixed Income Fundamentals

Fundamentals of Credit

5 Cs of Credit

Derivatives Fundamentals

Math for Finance Professionals

Core Courses

Introduction to Risk Management

Basel III and Risk Management

Operational Risk Management in Banks

Market Risk Fundamentals

Historical VaR for Market Risk

Credit and Counterparty Credit Risk

ESG Risk Management

Cybersecurity and RegTech Fundamentals

Compliance Risk Management

Elective Courses

Leveraging Generative AI for Risk Assessment

Modeling Risk with Monte Carlo Simulation

Skills & Learning Objectives in Risk Management.

Risk Identification

Risk Measurement

Regulatory Analysis

Risk Mitigation

Meet Your Instructors

Ryan Spendelow

Noah Miller

Glenn Hopper

Dr. Tonisha Pinckney

Careers in Risk Management

Market Risk Analyst

Complaince Officer

Credit Risk Analyst

Risk Consultant

Enterprise Risk Analyst

Internal Audit

Risk Management Graduates Work in Leading Organizations

What Our Members Say

Adrian Young

Anirudh Ganeshan

Benjamin Briner

Alexandr Palienko

Arthur Evangelista, Chairman, Grid Management Committee Inc.

Brandon J. Casamassima, Investment Analyst

Rahul Chanda

Shakil Kassam

Laverne Hutchinson

Laverne Hutchinson

Comfort Dufie

Mark Wheeler

Anthony Santillanes

Ajiboye Afeez

David Kamenya

Frequently Asked Questions