Certificate in Climate Risk (CICR)

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Certificate in Climate Risk (CICR)

30 Jan 2023

A. Overview

AICB is pleased to introduce a new programme, the Certificate in Climate Risk (CICR), which is developed by the Chartered Body Alliance, comprising the Chartered Banker Institute (CBI), UK; the Chartered Insurance Institute (CII), and the Chartered Institute for Securities & Investment (CISI).

The CICR programme encompasses a wide range of developments in climate change and its impacts, the rapidly evolving policy and regulatory landscape relating to climate risks, and the substantial progress in finance sector practice in addressing climate and broader sustainability risks.

It is ideal for current or aspiring financial services professionals globally who wish to develop their knowledge, understanding and skills on climate change, climate risk and sustainable finance, enabling them to better support their professional communities in the transition to a sustainable, low-carbon world.

B. Entry Requirements

Candidates who wish to enrol for the CICR programme are required to be Individual Members of AICB and have completed:

  • one (1) of the AICB Foundation Certificated Programmes, OR
  • the SPM qualification with five (5) years of experience in financial institutions with exposure to risk management, OR
  • a diploma / degree with two (2) years of experience in financial institutions with exposure to risk management, OR
  • an equivalent AICB qualification.

C. Target Audience

With broad financial services sector coverage, the CICR programme is ideal for all financial services professionals, including bankers, insurers, investment managers, central bankers and regulators, risk managers, analysts and consultants, who have an understanding of risk management principles and wish to develop and demonstrate their knowledge and expertise of climate risk.

D. Syllabus Overview

The CICR programme enables individuals to develop their knowledge and skills in the following areas:

  • Climate change and its impact on the environment, economy, society, and financial services
  • Climate-related risks
  • Measuring, monitoring, and reporting climate risks
  • Modelling climate risks, including the use of scenario analysis
  • Regulatory approaches and responses at global, national, and regional levels
  • Defining, developing, and embedding climate risk appetite, governance, and culture
  • Supporting the transition to a sustainable, low-carbon world.

E. Assessment Structure

Question Format

75 multiple-choice questions (MCQs)

Examination Duration

1.5 hours

Examination Delivery

Closed book. Online examination via the Chartered Banker Institute's platform

Examination Frequency


The time limit to complete the programme is one (1) year.

F. Fees

The fees applicable to the CICR programme are as follows:

Programme Fee (RM)

Exam Re-sit Fee (RM)



Note: All fees paid are non-refundable and subject to a 6% Service Tax.

G. Enrolment

Applications for the CICR programme commence on 1 February 2023.

H. Membership and Professional Designation

Membership with a professional body is an added value proposition and a mark of public recognition and commitment to ethical conduct. Membership begins with enrolment in the CICR programme. Upon completion, members must maintain their membership with AICB and adhere to AICB’s Code of Professional Conduct.

Upon completion, members will be entitled to use the designation Cert CRP (Certified Climate Risk Professional).

Click here for more information on the CICR programme.

For enquiries, please contact our Member Services team at [email protected] or call 1300-88-6833 / 03-2602 6833.

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