Programme and Examinations

CRM STAGES

CRM Stages I, II and III are multiple choice examination with 30 questions per module.

Each stage is designed to have two perspectives, the global perspective of risk management and the Nigerian perspective of risk management.

Stage I Global Content -Fundamentals of Risk Management: Examines the background, models, mathematical foundations and financial theories/concepts that underlie risk management.

  • 3 Modules
  • 30 Multiple choice questions per module

Stage I Nigerian Content - The Nigerian Banking System: Examines the structure and nature of the Nigerian banking system with emphasis on risk management practices in the Nigerian banking systems.

  • 2 Modules
  • 30 Multiple choice questions per module

Stage II Global Content - Managing Core Risks: Provides a detailed framework for the measurement and management of major risk categories, viz credit, market, operational and liquidity risks.

  • 4 Modules
  • 30 Multiple choice questions per module

Stage II Nigerian Content -Nigerian Financial System: Focuses on the practices of key regulators, including, CBN, NDIC, PENCOM, NAICOM, NSE, SEC, DMO, Federal Ministry of Finance and other key financial regulators.

  • 2 Modules
  • 30 Multiple choice questions per module

  • The Joint Committee of CRMI and CIBN will not consider or mark papers of Stage II participants who cannot show that they have successfully passed the CRM Stage I examination

Stage III Global Content -Integrated Risk Management: Deals with the key topics that holistically affect enterprise risk.

  • 1 Module
  • 30 Multiple choice question

Stage III Nigerian Content - Financial Systems Integrity: Deals with the monitoring, reporting and whistle blowing practices of specialized institutions and issues that impinge on the integrity of the financial sector. It covers the work of organs such as EFCC, ICPC, MoF, FRC, AML/CFT, among others.

  • 3 Module
  • 30 Multiple choice question

The Joint Committee of CRMI and CIBN will not consider or mark papers of Stage III participants who cannot show that they have successfully passed the CRM Stage II examination

Exam Centers

CRM Exams can be written in all the States in Nigeria and the exams are Proctored. Choose/fill your preferred location on the Exam form/website. Registration for next diet In April 2024 is ongoing. Exams dates will be advised in due course.

CRM Code of Conduct

The credibility and integrity of the CRM programme is paramount to us, ensuring a seamless and fair examination process requires adherence to CRMI and CIBN Examinations Code of Conduct. Candidates are expected to comply with all examination rules and procedures. Noncompliance may result in disqualification from writing the examination. Please see our FAQs and/or download a copy of CRMI and CIBN examinations code of conduct from CIBN and CRMI websites.

CRM Committees

Committee/CRM Committee

The Joint Committee of CRMI and CIBN on CRM consist of selected members of CRMI and CIBN. The committee oversees the development and administration of the CRM Exam.

CRMI Education Committee

consists of industry practitioners who are also members of the Association. The education committee oversees the development, annual review and update of the CRM curriculum. In order to ensure industry demands with respect to risk management are being fulfilled, the education committee members are drawn from multiple sectors and industries of the Nigerian economy, some of which include Financial Consulting, Banking, Education, Insurance, Oil & Gas, Manufacturing, Telecoms and Regulatory Institutions.