Module 1: Risk Management in Banking: Principles and Framework

• Offers a broad based understanding of the types of risk faced by banks and how these risks may be identified, assessed and managed. It is to enable general banking executives to understand key risk management concepts and discuss developments in bank risk management intelligently.
• Participants are encouraged to spend at least 100 hours (both self-study and classroom time) to complete Module 1.

Module 2: Risk Management in Banking: Risk Models, Capital and Asset Liability Management

• Builds upon the material learned in Module 1 and enhances the qualitative understanding of risk management techniques and international risk based regulations of banks. It provides numerical examples and enough details for students to develop their own simple Excel spreadsheets to enhance their understanding of basic risk management models, the application of risk management tools and techniques and the interpretation of results.
• Module 2 caters to the specialist risk management professional who aims to understand risk management theories and apply market, credit, operational and liquidity risk management tools in practice. Module 2 aims to allow the specialist professional to interpret results of risk management quantification tools to make intelligent decisions related to risk management. Module 2 combines both qualitative and quantitative approaches to achieve these objectives.
• Participants are encouraged to spend at least 150 hours (both self-study and classroom time) to complete Module 2.

The Bank Risk Management (BRM) qualifications will be restructured in 2021. The current two modules and examinations each of the BRM will be condensed into one module, with a single examination structure. Kindly note that the closing date for BRM/CBA applications under the current structure will be on 30 November 2020. Beginning 1 December 2020, all new BRM/CBA applications will the condensed structure. Please click here for more details on the condensed BRM structure.”

PROGRAMME FEES 

Please click here for more details on the condensed BRM structure.”

Standard Route – Enrolment

Please click here for more details on the condensed BRM structure.

In order to enrol as a candidate in Bank Risk Management, an applicant must satisfy the following requirements:

Accelerated Route – Exemption

Holders of the following risk management certifications are eligible to be exempted from Module 1 and only need to complete Module 2:

When applying to enrol for the BRM qualification via the Applicant Portal, upload the FRM/PRM certificate for us to process the exemption.

APPROVAL

1. All applications for enrolment or exemption will be processed in accordance with the requirements set out in the regulations.
2. Applications will be processed upon receipt of full documentations as stated in the Documentation section.
3. Approval for enrolment or exemption will be granted based on the information/documents submitted and applicants may be contacted in case additional information is required.
4. Applicants will be informed of the Institute’s decisions within 10 working days from date of application (upon receipt of full and complete documentation) for qualifications and experience already assessed.
5. Where the applicant’s qualifications have not been previously assessed by the Institute, the processing time will be longer.
6. Candidates will be informed in writing of the Institute’s decision via email.

Assessment

Please click here for more details on the condensed BRM structure.

Area of Study

Grade Bands

Time Limit

A candidate must pass both BRM modules within 3 years, failing which the passes gained will be nullified.

DOCUMENTATION

The applications submitted will only be processed upon receipt of the full documentations. Candidates who submit incomplete applications (i.e. incomplete details or incomplete supporting documents) will be given five working days to provide the required information and/or documentation. If the candidate fails to submit the required information or complete set of relevant supporting documents within the five working days, the application will not be processed.

Below is the list of documents that are required for the qualification.

Important notes:

Qualification certificates/transcripts submitted must be certified true copy by one of the following:

• University Official; OR
• Notary Public; OR
• Commissioner for Oaths; OR
• Officer of the employing organization; OR
• Such other persons or agents as may be approved by Institute.

The signatory must sign and date the document(s) and provide the following details:

• Name:
• Designation:
• E-mail:
• Contact Number:

a) If the documents are not in English or Bahasa Malaysia, they must be accompanied by translation of the documents which is done by a certified translator. The credentials and contact information of the certified translator must be stated

b) Qualifications submitted for enrolment as a candidate for a qualification or for exemption must be awarded by universities/higher education institutions recognised by the awarding country’s Ministry of Higher Education or equivalent authority or the National Qualification Accreditation Agencies.

c) Malaysian qualifications should be listed in the Malaysian Qualifications Register or in Finance Accreditation Agency (FAA) website.

d) AICB reserves the right to contact the awarding institute to verify a candidate’s qualification awards.

Updated Bank Risk Management

Overview

The current Bank Risk Management (BRM) modules will be condensed into a “one module, one examination” structure effective from the May 2021 examination session.

The diagramme below illustrates the updates:

Assessment Structure

 Time Limit

A candidate must pass the Updated BRM module within 1 year.

Fees* 

*Fees are inclusive of 6% SST.

Transition Pathway for Existing Candidates

The table below summarises the key dates for the Updated BRM: