Online Courses

RIMS Online Courses conveniently bridge the distance gap in era of widespread digital communication. Courses incorporate various mediums, case studies, demos, practical exercises and articles. They make education accessible and allow you to manage your learning experience with your schedule.

The online courses incorporate various elements such as audio, animations, and simulations, as well as PDFs, exercises and assessments. 

The material is presented in manageable segments called modules. Unlike the traditional classroom, online learning allows for self-directed learning; in other words, you can choose to go through the course from the beginning to the end (linear) or you can take the course by completing only those modules that are of the most interests to you (non-linear). The online courses range between 10-30 hours in duration. All courses are available for six months after purchase.

 

Courses Offered by RIMS

Applying and Integrating ERM

Learn how to reimagine ERM programs and turn theory into practice by creating and applying a practical enterprise risk management (ERM) framework. This self-paced online course prepares you to develop and integrate a practical ERM approach that creates and protects organizational value while improving efficiencies.

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Designing an Enterprise Risk Management Framework

This online course will approach ERM as a strategic business plan and process to be used within an organization's existing governance and culture, while supporting its strategic and operational objectives. It will also focus on how to implement a robust and value-added ERM framework.

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Fundamentals of Insurance Overview

This online course is designed for the participant to acquire a solid understanding of property and casualty insurance as a key risk financing tool. The online course will cover insurable risks, the insurance transaction, liability concepts, standard property and casualty insurance policies, and best practice approaches in protecting an organization through insurance.

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Introduction to Cyber Risk and ​Data Security​

This online course is designed for the participant to acquire an introductory understanding of Cyber Risk and Data Security. The online course will cover various facets of cyber risk and data security including privacy, security, information management, e-discovery and more.

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Managing Cognitive Bias Risk – Recognition & Avoidance Essentials

Managing cognitive bias, especially as it relates to important business decisions, is imperative. In this online course, participants learn how to identify and incorporate debiasing techniques.

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Managing Worker Compensation, Employer's Liability and Employment Practices in the US

Gain techniques to reduce the risk associated with workers, including statutory workers compensation, employer’s liability, and employment practices liability.

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RIMS-CRMP Overview Course

Refresh your risk management knowledge. Prepare for the RIMS-Certified Risk Management Professional (RIMS-CRMP) certification exam at your own pace with this online course.

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RIMS-CRMP-FED Overview Course

Refresh your federal risk management knowledge. Prepare for the RIMS-Certified Risk Management Professional for Federal Government (RIMS-CRMP-FED) certification exam at your own pace with this four-part learning series.

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Risk Appetite Management

This senior-level online course teaches you how to navigate the complex and critical area of risk appetite management and how to develop a risk appetite framework that clarifies your company’s position on risk taking.

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Risk Management Techniques

This online multi-platform course covers the purpose, concepts, and tools of the risk management process. Emphasis is given to supporting decision making and establishing the foundation for an enterprise risk management approach to the mitigation of traditional risks and exploitation of opportunities.

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Risk Management Techniques for the Global Risk Professional

This online course was built for global risk professionals to not only focus on the basics of traditional risk management but also position themselves to support broader goals of enterprise risk management and strategic decision-making within their organization.

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Courses Offered in Partnership with IIA

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Assessing Cybersecurity Risks: The Three Lines Model

With the frequency and severity of cyberattacks on the rise, there is a significant need for improved cybersecurity risk management. Cybersecurity concerns have a tremendous impact on overall organizational strategy and must be considered holistically and systemically.

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Assessing Fraud Risk

As fraud risks and fraudulent activities continue to play a role in an organization’s overall financial and reputational stability, the recognition of current trends in fraudulent acts will grant internal auditors the advantage of fostering detective and preventive measures to safeguard the integrity of a business, its shareholders, products, services, and workforce.

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Auditing Culture and Conduct

Culture and conduct play a pivotal role in the well-being of an organization. Organizations with a culture based on strong values have a higher probability of successfully achieving their business objectives and retaining high-performance employees.

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Auditing IT Change Management

IT change management refers to the process in which an organization’s technology changes; the effects that the changes have on systems, programs, or applications; and how the changes are managed. Change management in the IT environment is critical for organizational success.

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Auditing Market Risk

Market risk is a key risk for financial services organizations. Regulators and their supervisors focus on this risk, emphasizing the necessity of having accurate models that can measure the capital impact of market activities on the financial viability of the institution. Regulatory requirements and supervisors’ expanded expectations are giving internal audit a more relevant and active role in the assessment of market risk.

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Auditing Model Risk Management

Organizations across various sectors of the economy recognize the benefit of utilizing mathematical models to validate decisions. With large amounts of data coming from a myriad of dynamic sources, organizations need to develop models to review, evaluate, validate, and transform data with the purpose of optimizing strategic forecasting and tactical actions.

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Auditing the Cybersecurity Program Certificate

Organizations across various sectors of the economy recognize the benefit of utilizing mathematical models to validate decisions. With large amounts of data coming from a myriad of dynamic sources, organizations need to develop models to review, evaluate, validate, and transform data with the purpose of optimizing strategic forecasting and tactical actions.

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Auditing Third-Party Risks

Using third parties invariably presents a variety of risks for organizations, including strategic, reputational, regulatory, operational, financial, transactional, security, compliance, and other risks. However, when utilized effectively, third parties can also provide tremendous value.

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Auditing Third-Party Risk - IT

As organizations further their reliance on third party service providers, regulatory bodies around the world have increased their level of scrutiny regarding third party provider’s abilities to properly protect sensitive and internally used data and information assets. Today’s organizations are expected to demonstrate strong, third-party governance and risk management.

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ChatGPT & Internal Audit: Governance of the Utilization of Generative AI 

ChatGPT launched as a prototype on November 30, 2022, and garnered attention for its detailed responses and articulate answers across many domains of knowledge. However, ChatGPT is not the first generative AI, nor will it likely be the last. Over two billion dollars have already been invested in generative artificial intelligence, a rise of 425 percent since 2020.

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Communication Basics 

An internal auditor’s success greatly depends on interaction with other people. In short, people skills greatly impact audit engagement work, as well as personal objectives.

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Ethics Essentials Bundle

The IIA’s Code of Ethics includes two essential components: The Principles and the Rules of Conduct. The principles — which internal auditors are expected to apply and uphold — are relevant to the profession and practice of internal auditing. The rules of conduct describe behavior expected of internal auditors.

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Exploring Corrective Controls

In a perfect world, processes, systems, and infrastructure never fail; however, a host of natural and human actions cause disruption to critical business processes. Maintaining a solid operational resiliency program aides organizations in combating disruptions.

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Governance of Enterprise IT

The governance of enterprise IT plays a critical role in the effectiveness of IT operations. Without strong governance, IT management may not have the necessary direction to achieve their stated objective. It is important for organizations to take a strategic approach to implementing IT governance.

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Introduction to Critical Thinking

Critical thinking can be thought of as an art that is woven throughout the key elements of the audit process, including risk assessments, interviewing, testing and analysis, process documentation, and reporting. Effective critical thinking involves collecting and analyzing information, drawing compelling conclusions, and providing recommendations.

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Managing Geopolitical Risk and Uncertainty

The definition of what we view as Geopolitical Risks has increased significantly in the past 50-100 years. Information technology interconnected global economy, our understanding of climate change, global pandemic, internal and global political shifts – all lead to an increasing set of risks impacting a business.

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Liquidity Risk Management

Liquidity is a measure of the ability and ease with which assets can be converted to cash. To remain viable, a financial institution must have enough liquid assets to meet its near-term obligations. Internal audit plays a vital role in ensuring compliance with the Basel III regulatory framework, which was adopted by the Federal Reserve to ensure adequate capital in the banking system.

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Logical Security: Application, Database, and Operating System Layers

A well-developed and implemented logical security management program is essential for most business processes and ensures logical data and information assets are properly protected from inappropriate access and unapproved data exfiltration. Internal auditors need a basic understanding of logical security. 

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IT Essentials - Introduction to IT

Technology is an integral part of every organization and underpins almost every piece of data, and every transaction, calculation, and process or business activity. Internal audit activities must be prepared to assess the increased complexities within processes that heavily rely on technology. But where does the operational internal auditor begin? 

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Managing People Risk with Behavioral Science

When we think of the enterprise risks, we often think of external and internal factors, competitors and vendors, policies, and processes. When we develop our risk mitigation strategies, policies, processes, and procedures, we often assume that people will support, adopt, and execute these policies – they will read, get training, and follow them. We all know better…  

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Physical and Environmental Controls

Physical and environmental controls provide the foundation for an effective suite of controls to protect data and information, hardware, and human resource assets. Physical security controls protect assets from inappropriate physical access, theft, or vandalism, while environmental security controls protect assets from accidental, intentional, and natural events, including fire and water damage or power disruption.  

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Risk, Fraud, and Illegal Acts

For organizations that seek to maintain successful pathways towards consistent revenue, sustainability, reputational stability, and risk mitigation efforts, the topic of fraud prevention must be front and center in the minds of management.
In its 2020 Report to the Nations, the Association of Certified Fraud Examiners (ACFE) estimated close to $3.6 billion in losses attributed to fraud cases globally, which emphasizes the need to implement stark assessments to curtail opportunities for fraud.

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Root Cause Analysis Tools and Techniques

Root cause analysis (RCA) is a technique for finding the core causes for problems an organization may face. Auditors can use a variety of identification and measurement tools for determining the root cause of the issues they analyze.


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The Role of Internal Audit in Insurance Organizations

The insurance industry, which includes complex products such as property and casualty insurance, life insurance, health insurance, and variable annuities, is part of the larger financial services industry. While the two industries share some common characteristics, insurance organizations also face unique governance, risk management, and control issues.

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