OTHM Level 7 Diploma in Risk Management

About this course


The objective of the OTHM Level 7 Diploma in Risk Management is to provide learners with the skills and understanding in risk management that align with good strategic decision making to maintain organisations’ competitive advantage.

The OTHM Level 7 Diploma in Risk Management programme provides an in-depth understanding of risk and their application in practice both for financial and non-financial organisations.

Learners will learn both theoretical and practical understanding of risk including risk measurement and modelling.

The OTHM Level 7 Diploma in Risk Management qualification enables learners to progress into or within employment and/or to work toward a relevant Master’s programme with advanced standing.



The OTHM Level 7 diplomas on the Regulated Qualifications Framework (RQF) are at the same level as master’s degrees.

However, they are shorter (120 credits) and learners will have to proceed to the dissertation stage (60 credits) with university to achieve a full masters programme.

Qualification structure

The OTHM Level 7 Diploma in Risk Management qualification consists of 6 mandatory units for a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.

Module1: Principles of Risk Management

it provides learners with foundational knowledge and understanding of essential principles in risk management.

This module covers topics such as risk identification, assessment, mitigation strategies, communication, monitoring, legal and regulatory considerations, ethical aspects, and the role of organizational culture in shaping risk management practices.

It serves as a fundamental building block for learners to develop proficiency in managing risks effectively within organizational settings.

Module 2: Strategic Risk Management

it focuses on equipping learners with advanced skills and knowledge in managing risks that impact an organization's strategic objectives. This module explores strategic risk assessment, analysis, and mitigation techniques tailored to organizational goals and priorities.

Topics may include scenario planning, risk appetite and tolerance, strategic decision-making under uncertainty, and aligning risk management with overall strategic planning processes.

Overall, this module prepares learners to effectively identify, assess, and manage strategic risks to enhance organizational resilience and competitiveness.

Module 3: Responsible Leadership and Governance

centers on cultivating leadership capabilities and governance practices aligned with ethical principles and organizational objectives. Learners delve into topics such as ethical decision-making, corporate governance frameworks, stakeholder engagement, regulatory compliance, and fostering a culture of accountability and transparency.

This module aims to equip individuals with the skills and knowledge necessary to lead responsibly, navigate complex ethical dilemmas, and promote effective governance practices within organizations.

Module 4: Organisational and Environmental Risk

it ffocuses on identifying, assessing, and managing risks within organizational and environmental contexts.

Learners explore internal factors affecting risk exposure, such as organizational structure, culture, and processes, as well as external factors such as industry trends, economic conditions, regulatory changes, and environmental factors.

This module equips learners with the skills to analyze and mitigate risks arising from both internal and external sources, enhancing organizational resilience and sustainability.

Module 5: Risk Analysis and Modelling

it emphasizes advanced techniques and methodologies for analyzing and modeling risks within organizational contexts.

Learners delve into quantitative and qualitative risk analysis methods, probabilistic modeling, scenario analysis, and sensitivity analysis. Through this module, learners gain proficiency in assessing risk exposures, identifying potential impacts, and prioritizing risk responses.

By leveraging sophisticated analytical tools and techniques, organizations can make informed decisions to mitigate risks effectively and enhance overall resilience.

Module 6: Advanced Research Methods

it focuses on equipping learners with advanced skills and methodologies for conducting research relevant to risk management.

This module covers topics such as research design, data collection methods, statistical analysis techniques, qualitative and quantitative research approaches, and ethical considerations in research.

By mastering advanced research methods, learners can contribute to the advancement of knowledge in the field of risk management and make informed decisions based on rigorous analysis and evidence.

Duration and delivery

The qualification is designed to be delivered over one academic year for full-time study but it is also flexible in its delivery in order to accommodate part-time and distance learning.

The qualification is delivered face-to-face, through lectures, tutorials, seminars, distance, online by approved centres only.

Assessment and verification

All units within this qualification are internally assessed by the centre and externally verified by OTHM. The qualifications are criterion referenced, based on the achievement of all the specified learning outcomes.

To achieve a ‘pass’ for a unit, learners must provide evidence to demonstrate that they have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria. Judgement that the learners have successfully fulfilled the assessment criteria is made by the Assessor.

The Assessor should provide an audit trail showing how the judgement of the learners’ overall achievement has been arrived at.


The OTHM Level 7 Diploma in Risk Management qualification enables learners to progress into or within employment and/or continue their further study. As this qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), learners are eligible to progress to Master’s top-up at many universities in the UK and overseas with advanced standing. For more information visit University Progressions page in this website.


Entry Requirements

For entry onto the OTHM Level 7 Diploma in Risk Management qualification, learners must possess:

  • An honours degree in related subject or UK level 6 diploma or an equivalent overseas qualification
  • Mature learners with management experience (learners must check with the delivery centre regarding this experience prior to registering for the programme)
  • Learners must be 21 years old or older at the beginning of the course
  • English requirements: If a learner is not from a majority English-speaking country must provide evidence of English language competency. For more information visit English Language Expectations page in this website.

What you will learn

Principles of Risk Management:

  • This module provides a foundational understanding of risk management concepts, frameworks, and processes. Learners explore the fundamental principles and theories underpinning risk management practices.

Strategic Risk Management:

  • Learners delve into strategic risk management approaches, focusing on identifying, assessing, and mitigating risks that may impact an organization’s strategic objectives. This module equips learners with skills to develop risk management strategies aligned with organizational goals.

Responsible Leadership and Governance:

  • This module examines the role of responsible leadership and effective governance in managing risks within organizations. Learners explore ethical considerations, regulatory requirements, and best practices for fostering a risk-aware culture.

Organisational and Environmental Risk:

  • Learners analyze internal and external factors influencing organizational risk exposure. Topics include assessing operational risks, understanding industry-specific risks, and evaluating environmental factors impacting business operations.

Risk Analysis and Modelling:

  • This module focuses on advanced techniques for risk analysis and modelling. Learners gain skills in quantitative and qualitative risk analysis methods, scenario planning, and probabilistic modelling to assess and prioritize risks effectively.

Advanced Research Methods:

  • Learners develop advanced research skills and methodologies relevant to risk management. This module equips learners with the tools to conduct rigorous research, analyze data, and contribute to the advancement of knowledge in the field of risk management through research practices.

Overall, the OTHM Level 7 Diploma in Risk Management provides a comprehensive understanding of risk management principles, strategic approaches, responsible leadership, environmental factors, advanced analytical techniques, and research methodologies essential for managing risks effectively in various organizational contexts.

Benefits of this course

Comprehensive Understanding:

The course provides a thorough understanding of risk management principles, strategies, and methodologies, equipping learners with the knowledge to identify, assess, and mitigate risks effectively.

Career Advancement:

  • Holding a Level 7 Diploma in Risk Management demonstrates expertise in the field, enhancing career prospects and opening up opportunities for leadership roles in risk management, compliance, and governance.

Practical Skills Development:

  • The course emphasizes practical application, allowing learners to develop hands-on skills in risk analysis, modelling, and strategic risk management through case studies, simulations, and real-world projects.

Global Recognition:

  • OTHM qualifications are internationally recognized, providing learners with credentials that are valued by employers across different industries and geographical locations.


  • Many OTHM programs offer flexible study options, allowing learners to balance their studies with work and other commitments, enabling professionals to pursue further education without disrupting their careers.

Networking Opportunities:

  • Engaging with peers, instructors, and industry professionals during the course provides valuable networking opportunities, which can lead to collaborations, mentorship, job referrals, and access to new career opportunities.

Personal Growth:

  • In addition to enhancing technical skills, the course fosters personal development by honing leadership, communication, problem-solving, and decision-making skills, contributing to overall professional growth and confidence.

Preparation for Professional Certifications:

  • The knowledge and skills gained from the diploma program can serve as a strong foundation for pursuing professional certifications in risk management, such as the Certified Risk Management Professional (CRMP) or the Financial Risk Manager (FRM) certification.

Overall, the OTHM Level 7 Diploma in Risk Management offers a valuable opportunity for professionals to advance their careers, acquire in-demand skills, and make meaningful contributions to the field of risk management.

Qualification Number: 603/6782/9


Benefits Obtained :