The Institute of Risk Management (IRM) has broadened access to its International Certificate in Operational Risk Management (ICORM) and three other professional risk management programs by making them eligible for HRD Corp funding in Malaysia. This development aims to enhance the availability of risk management education recognized on an international level, catering to Malaysian employers and professionals looking to bolster their capabilities in enterprise risk management. As organizations increasingly encounter challenges related to digital transformation, artificial intelligence, regulatory compliance, operational resilience, and governance, this initiative is particularly timely.
By aligning with Malaysia’s workforce development priorities, IRM seeks to address the skills shortages prevalent in risk management roles. The organization emphasizes providing flexible, workplace-oriented training designed to enhance decision-making and strengthen organizational resilience. This strategic move is intended to equip employers with the necessary tools to navigate the evolving risk landscape effectively.
The HRD Corp-funded programs encompass a range of specialized areas. Among them is the course on Managing AI Risks in the Workplace, which delves into governance, ethical considerations, and operational risks tied to artificial intelligence. Additionally, the Financial Services Risk Management program focuses on risk management practices pertinent to banking, insurance, and financial services sectors. Another offering, Managing Organisational Risks, introduces participants to the principles of enterprise risk management. The International Certificate in Operational Risk Management (ICORM) provides comprehensive coverage of operational risk frameworks, controls, monitoring, reporting, risk culture, and event management.
IRM Asia, the regional arm of the organization and a registered HRD Corp training provider, has confirmed that Malaysian employers eligible for this funding can claim support for these approved programs, thereby investing in qualifications that hold international recognition. This initiative is part of IRM’s wider strategy to extend professional risk management education throughout the ASEAN region, aiming to assist organizations in cultivating robust, long-term risk management competencies.
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