Certified Operational Risk Manager

CORM : Certified Operational Risk Manager

CORM is administered by AAIFM (The American Association for Investment and Financial Management); one of the most renowned associations for Financial management in the United States. By earning CORM candidates demonstrate that they have mastered the Operational Risk Management body of knowledge, obtained the skills of operational risk management, and committed to AAIFM core values and code of ethics. Earning your CORM designation not only broadens your skill set, it demonstrates a standardized level of industry knowledge, making you a recognized leader in compliance and risk management.

CORM Certification Preparation

If you are studying in order to prepare for the CORM exam; AAIFM provides candidates with training sessions for many of the exam questions. AAIFM also provide thorough training for the exam modules using its learning system through authorized training providers and prometric centers worldwide.

AAIFM CORM Recertification

Once you have passed the CORM exam and received your certification, you will need to stay up to date on developments in compliance and risk management practices. To prove you have maintained and updated your risk management knowledge and skills, AAIFM requires that you recertify every 4 years. (please refer to recertification for more info)


  • A passing score on the CORM Examination.
  • Bachelor Degree in any field, OR;
  • A minimum of two years experience in any related risk area (Operational Risk; Financial Risk…etc.).
  • A Minimum of 25 hours of Operational Risk Management approved training. (Not required for those with a Degree).

Exam Format:


The CORM (Certified Operations Risk Manager) examination is a 3-hour exam, Multiple Essay Direct Questions examinations.

Exam Outline:

PART ONE: Risk Identification
CHAPTER 1: Risk Identification Tools
CHAPTER 2: Scenario Identification Process
CHAPTER 3: Risk Definition and Taxonomy
CHAPTER 4: Risk Connectivity and Risk Networks

PART TWO: Risk Assessment
CHAPTER 5: Risk Appetite
CHAPTER 6: Risk and Control Self-Assessments
CHAPTER 7: Scenario Assessment
CHAPTER 8: Regulatory Capital and Modeling

PART THREE: Risk Mitigation
CHAPTER 9: Operational Risk Governance
CHAPTER 10: Risk Mitigation
CHAPTER 11: Root Cause Analysis and Action Plans
CHAPTER 12: Conduct and Culture

PART FOUR: Risk Monitoring
CHAPTER 13: Incident Data Collection
CHAPTER 14: Key Risk Indicators
CHAPTER 15: Risk Reporting
CHAPTER 16: Valuable ORM

PART FIVE: Rising Operational Risks
CHAPTER 17: Project Risk Management
CHAPTER 18: Information Security Risks
CHAPTER 19: Operational Risks in Cryptocurrencies
CHAPTER 20: Resilience and Reputation



Please e-mail us at info@aaifm.org for any other inquiries.

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