School of Financial Services

Postgraduate Diploma in Risk Management

The PGDip in Risk Management is a Level 8 HE programme designed to equip you with the skills necessary to function at a strategic level in the area of risk management in a business context.

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NQF Level




Min Credits


The PGDip in Risk Management is a Level 8 HE programme designed to equip the student with the skills necessary to function at a strategic level in the area of risk management in a business context. It links to the professional designation of IRMSA called Certified Risk Management Professional (CRM Prof) as the qualification and logbook requirements. Students are able to specialise in a specific industry or type of risk, for example, disaster, banking, compliance, insurance management and financial risk management depending on the elective chosen.

The Postgraduate Diploma in Risk Management is accredited by The Institute of Risk Managers (IRMSA) for the designation CRM Prof for the qualification and logbook requirements.


With regard to the module content, a foundation will be laid for students to understand the purpose of risk management and risk-based decision-making as well as how risk strategy has to become one with business strategy. In order to grasp the techniques used in risk management, students need to be exposed to the context and process of risk management. All those foundational principles have to be applied to practical case studies in risk management so that students have an opportunity to analyse and recommend different steps for implementation.

The qualification will be used to build basic research and report writing as well as presentation capabilities, while instilling the following attributes in graduates: Assertive, Bold, Creative, Devoted and Ethical.

It will enable students to establish themselves as leaders in their field and ensure that they can work in a collaborative environment. With this background, they will be able to make sure that the risk management function is fully integrated into the organisation, and risks are managed and mitigated in such a way that each decision is taken in an objectives-based and a risk-informed manner.


The programme would be suitable for:

  • Persons who want to become expert Organisational Risk Officers or Chief Risk Officers in the corporate environment.
  • Persons who wish to obtain the required qualification and logbook to qualify for entry to IRMSA’s Professional Board Examinations for the CRM Prof designation.
  • An employed person wishing to enhance, develop or formalise their skills and knowledge with a qualification in this area.


Successful completion of this qualification should enable the student to:

  1. Facilitate objectives-based risk-informed decision-making within an organisation, using excellent understanding of the business and its environment as well as sound business ethics and corporate governance principles.
  2. Ensure risk management is fully embedded and value adding and an integral part of the organisation and its strategic and operational planning.
  3. Ensure that both downside and upside risks across the enterprise are adequately identified, analysed, evaluated, treated effectively, monitored and reviewed, and that there is a business continuity plan in place to manage any disruptions to the business.


Module name C/E Credits
Fundamentals of Risk Management Compulsory 20
Corporate Governance and Ethics for Risk Managers Compulsory 15
Risk Management Integration Compulsory 20
Risk Management Techniques Compulsory 20
Risk Management Analysis and Interpretation Compulsory 25
Disaster Risk Management Elective 20
Financial Risk Management Elective 20
Risk Management in the Banking Industry Elective 20
Compliance Risk Management Elective 20
Insurance Management Elective 20

* Please see RULES OF PROGRESSION for the recommended order of study. (See Information Pack in Downloads tab)

The minimum admission requirement for the Postgraduate Diploma in Risk Management is an appropriate Bachelor of Commerce degree at NQF level 7 or equivalent.

A pass in Matric mathematics on higher grade or a C symbol on standard grade or equivalent is also required.

Relevant post-matric studies which demonstrate familiarity with the mathematical abilities required will be considered should an appropriate BCom not be available.

Applicants are requested to submit a detailed curriculum vitae displaying details of employment for the previous ten years, which will be used as part of the curriculum planning process.


Distance Learning Online (DLO)
Cycle 1
Close of Registration: 22 January 2024


Cycle 2
Close of Registration: 2 April 2024


Cycle 3
Close of Registration: 1 July 2024


Cycle 4
Close of Registration: 9 September 2024