In today’s dynamic business environment, organizations face a variety of risks ranging from financial to operational and strategic challenges. Effectively managing these risks is crucial to ensuring business continuity and long-term success. The Qualifi Level 7 Diploma in Risk Management offers professionals a comprehensive understanding of risk assessment, mitigation strategies, and the best practices for managing risk within an organization. Regulated by Ofqual, this advanced diploma is tailored for individuals who aspire to take leadership roles in risk management and navigate the complexities of modern business environments.
The Qualifi Level 7 Diploma in Risk Management is a high-level qualification that equips professionals with the knowledge and skills needed to identify, assess, and manage risks across various industries. This Ofqual-regulated qualification is designed for individuals already working in risk management or related fields who wish to advance their expertise and take on higher-level responsibilities.
Qualifi is a well-respected, Ofqual-regulated awarding body known for delivering high-quality educational qualifications. The Level 7 Diploma in Risk Management is designed with industry professionals in mind, combining academic rigor with practical applications. The diploma’s structure ensures that learners are equipped to address real-world challenges and make informed decisions that benefit their organizations.
Risk management is a critical function for any organization aiming to mitigate potential losses and enhance operational effectiveness. The Qualifi Level 7 Diploma in Risk Management provides the tools, knowledge, and strategies needed to become an expert in identifying, analyzing, and managing organizational risks.
Qualifi Level 7 Diploma in Risk Management
Qualifi Level 7 Diploma in Risk Management consists of 6 mandatory units having 1200 TQT and 600 GLH. Candidates must complete all of the following Mandatory units.
| Sr# | Unit Title | Credits | GLH |
| 1 | Foundations of Risk Management | 20 | 100 |
| 2 | Strategic Risk Management | 20 | 100 |
| 3 | Ethical Leadership and Governance | 20 | 100 |
| 4 | Organizational and Environmental Risk Assessment | 20 | 100 |
| 5 | Risk Analysis and Modelling Techniques | 20 | 100 |
| 6 | Advanced Research Methods in Risk Management | 20 | 100 |
GLH (Guided Learning Hours) and TQT (Total Qualification Time) are terms commonly used in vocational qualifications to help define the amount of time a learner is expected to spend on their studies.
1. GLH (Guided Learning Hours)
GLH refers to the number of hours a learner spends being directly taught, supervised, or supported during their course. This includes the time spent in activities such as:
- Classroom instruction
- Practical workshops
- One-on-one tutoring or mentoring sessions
- Online learning sessions with tutor support
In other words, GLH represents the time that learners are actively engaged with their instructors or learning activities.
2. TQT (Total Qualification Time)
TQT represents the total amount of time a learner is expected to invest in completing a qualification, including:
- GLH (Guided Learning Hours): Time spent on direct learning, as explained above.
- Self-Directed Learning: This includes time spent on independent study, research, assignment completion, preparation for exams, and any other work the learner does outside of direct teaching hours.
TQT is a broader measure that includes all the time required to achieve the qualification. It helps learners and employers understand the overall commitment required for the qualification.
Key Differences Between GLH and TQT:
- GLH focuses on direct learning with guidance or supervision.
- TQT includes GLH as well as independent study time and other learning-related activities.
Example:
If a qualification has a TQT of 600 hours and a GLH of 250 hours, it means the learner should spend 250 hours in direct learning (classroom, online, or tutor-led sessions) and 350 hours on independent study or research.
Learning Outcomes of Qualifi Level 7 Diploma in Risk Management
Principles of Risk Management
- Understand the principles of risk management.
- Understand legislative frameworks that influence risk management decision-making in an organisation.
- Understand the extent and implications of risk management standards.
Strategic Risk Management
- Understand the nature of strategy risk and the different types of strategy risk.
- Understand how to review an organization’s strategy and risk plans.
- Understand ethics and corporate social responsibility in risk management systems.
- Understand the development, implementation and role of business continuity planning with regard corporate strategy.
Responsible Leadership and Governance
- Understand the key socio cultural, ethical and moral challenges that organisations face in the current economy.
- Understand the role of leadership to manage strategic and operational risk in the organisation.
- Understand the importance of corporate governance in organisations.
- Understand the role and impact of corporate governance in the management of companies.
Organisational and Environmental Risk
- Understand the effects of risks on business organisations.
- Understand the role of risk management functions in organisations.
- Be able to prepare an effective risk management plan followed by an environmental screening.
- Understand risk control techniques.
Risk Analysis and Modelling
- Understand the concept of operational risk and the Basel II model.
- Understand how to apply risk models in an organisational setting.
- Be able to apply financial models in an organisational context.
Advanced Research Methods in Risk Management
- Be able to develop research methods in context of risk management.
- Be able to critically review literature on a risk management topic.
- Be able to design research methodologies.
- Be able to develop a research proposal.
- Comprehensive Understanding of Risk Management
Gain an in-depth understanding of key risk management principles, frameworks, and methodologies, ensuring you can confidently identify and mitigate risks in various business contexts. - Career Advancement Opportunities
This qualification opens up numerous career opportunities in senior risk management roles, such as Risk Director or Chief Risk Officer (CRO), making you highly attractive to employers. - Enhanced Decision-Making Skills
Develop the ability to make informed and strategic decisions in high-pressure environments by mastering risk analysis, crisis management, and business continuity planning. - Practical Skills for Real-World Application
Learn how to apply theoretical knowledge to real-world scenarios, including financial risk management, regulatory compliance, and operational risk mitigation. - Global Recognition
As an Ofqual-regulated qualification, the diploma is recognized internationally, enhancing your credibility and career prospects both in the UK and across global markets. - Flexible Learning Options
Study at your own pace with flexible learning formats, making it easier to balance work, study, and personal commitments while advancing your professional qualifications. - Improved Leadership and Crisis Management Skills
Develop leadership abilities and become adept at managing risks and crises within organizations, ensuring you can lead risk management strategies effectively during uncertain times. - Networking and Professional Growth
Connect with other professionals in risk management and related fields, gaining access to valuable networking opportunities and industry insights that support your career growth. - Up-to-Date Knowledge of Industry Trends
Stay ahead of emerging risks and the latest trends in risk management, such as cybersecurity risks, digital transformation, and changing regulatory landscapes. - Strategic Thinking and Problem-Solving
Build your strategic thinking and problem-solving skills, allowing you to align risk management strategies with organizational goals and mitigate potential threats to business success.
The Qualifi Level 7 Diploma in Risk Management is designed for professionals looking to advance their knowledge and expertise in managing organizational risks. The ideal learner for this course includes:
- Risk Management Professionals
Individuals currently working in risk management roles who wish to advance their skills and progress into senior or strategic positions, such as Risk Directors or Chief Risk Officers (CROs). - Project Managers
Professionals overseeing large projects who need to develop advanced risk management skills to identify, assess, and mitigate risks during project execution. - Compliance and Regulatory Officers
Professionals working in compliance, governance, or regulatory roles who want to enhance their understanding of risk management frameworks and their role in risk mitigation. - Financial and Operational Managers
Managers responsible for overseeing the financial stability and operations of a company, looking to improve their risk assessment and mitigation strategies in these areas. - Business Continuity and Crisis Management Specialists
Individuals in charge of business continuity planning or crisis management who want to formalize and expand their expertise in managing risks during emergencies or disruptions. - Consultants in Risk Management or Business Strategy
Business consultants specializing in advising organizations on risk strategies who wish to gain deeper insights into advanced risk management practices. - Aspiring Risk Leaders
Professionals aiming to move into senior leadership roles in risk management, such as Chief Risk Officer (CRO), Risk Strategy Leader, or Head of Risk Management. - Senior Leaders and Executives
Senior professionals or executives responsible for making high-level strategic decisions, who wish to develop or improve their skills in risk management and crisis planning to safeguard their organizations. - Individuals Looking to Change Careers
Professionals from related fields, such as project management, finance, or operations, who are interested in transitioning into risk management roles and need a high-level qualification to make that move.
If you are a professional with a background in risk management, compliance, or leadership, and are ready to take on senior roles with greater responsibility, this diploma will provide the expertise you need to succeed.
Entry Requirements
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Qualification Process
Qualification Process for the Qualifi Level 7 Diploma in Risk Management
- Self-Assessment:
Begin by evaluating your eligibility to ensure you meet the qualification requirements, including work experience, knowledge, and language proficiency. - Registration:
Complete your registration by submitting the required documents, including a scanned copy of a valid ID, and paying the registration fee. - Induction:
An assessor will conduct an induction to confirm your eligibility for the course and explain the evidence requirements. If you do not meet the criteria, your registration will be canceled, and the fee will be refunded. - Assignments & Evidence Submission:
Provide all assignments and the necessary evidence based on the assessment criteria outlined in the course. If you are unsure of the required evidence, consult with the assessor for guidance on the type and nature of evidence needed. - Feedback and Revision:
The assessor will review your submitted evidence and provide feedback. Evidence that meets the criteria will be marked as “Criteria Met,” while any gaps will be identified. You will be asked to revise and resubmit if needed. - Competence Evidence:
Submit final evidence demonstrating that all learning outcomes have been met. This evidence will be marked as “Criteria Met” by the assessor once it is satisfactory. - Internal Quality Assurance (IQA):
The Internal Quality Assurance Verifier (IQA) will review your evidence to ensure consistency, quality, and compliance with standards. - External Verification:
The IQA will submit your portfolio to Qualifi’s External Quality Assurance Verifiers (EQA) for final confirmation. The EQA may contact you directly to verify the authenticity of your evidence. - Certification:
Upon successful completion of all checks, Qualifi will issue your official certificate, confirming that you have attained the Qualifi Level 7 Diploma in Risk Management.
