The Institute of Risk Management (IRM) has made a significant move to enhance access to risk management education in Malaysia by announcing that its International Certificate in Operational Risk Management (ICORM) and three other professional risk management programs are now eligible for HRD Corp funding. This initiative is designed to bolster the skills of Malaysian employers and professionals in enterprise risk management, a crucial area as organizations navigate the complexities of digital transformation, artificial intelligence, regulatory compliance, operational resilience, and governance challenges.
This strategic decision by IRM aligns with Malaysia’s workforce development goals, addressing the growing demand for skilled risk management professionals. With the nation experiencing a shortage of expertise in this sector, the organization aims to deliver flexible, workplace-oriented training programs that enhance decision-making and fortify organizational resilience. By providing funding for these programs, Malaysian employers have the opportunity to invest in internationally recognized qualifications that will help them manage risks more effectively.
The programs covered under the HRD Corp funding are varied and comprehensive. They include ‘Managing AI Risks in the Workplace,’ which addresses the governance, ethical, and operational risks associated with artificial intelligence. Another is ‘Financial Services Risk Management,’ focusing on risk management practices within the banking, insurance, and financial services sectors. Additionally, ‘Managing Organisational Risks’ introduces key principles of enterprise risk management, while the ICORM program delves into operational risk frameworks, controls, monitoring, reporting, risk culture, and event management.
IRM Asia, the regional branch of the organization and an approved HRD Corp training provider, has stated that Malaysian employers eligible for the funding can claim it for these programs. This will enable them to invest in professional qualifications recognized globally. The initiative is a part of IRM’s broader strategy to expand professional risk management education across the ASEAN region, aiming to equip organizations with the capabilities needed for long-term risk management.
Legal Disclaimer: The information contained in this article has been provided by independent third-party contributors, clients, or content partners. We do not independently verify the accuracy, completeness, legality, ownership, licensing, or reliability of submitted content, including text, images, videos, trademarks, or other media materials. The submitting party is solely responsible for ensuring that all content, including images and media assets, complies with applicable copyright, trademark, licensing, and intellectual property laws. We disclaim liability for any unauthorized use of copyrighted or proprietary materials by third parties. If you believe that any content published on this platform infringes your intellectual property rights, kindly contact the author above for prompt review and resolution.