ARiMI Asian Risk Managment Institute


	Achieve the highest level of Professional Recognition and Knowledge in Risk Management with the FARM Programme
	The Fellow in Applied Risk Management (FARM) is a state-of-the-art programme in Risk Management designed for top and senior managers who by the nature of their position are responsible for managing risks in their organisation. This programme was created and developed by the CARM Institute and is well established and internationally recognised. FARM is designed to broaden Risk Management understanding at an organizational wide level and enhance strategic risk decision making. the FARM programme develops professionals to be able to combine a detailed understanding of risk management at a strategic level with sophisticated leadership, managerial and organizational skills. These `global' managers are effective in delivering change and securing competitive advantage for their organization and are able to bridge the gaps between the various parts of their organization through Risk Management. They will be the leaders to lead the way to ensure an organization survival and growth in an increasingly complex and volatile business and economic environment. The fellows constitute both an elite group of Professionals and a community where experiences are shared with one another in order to further the development of Risk Management as a strategic toolbox to enhance the long term durable economic efficiency of the worldwide economic and political system.
	Programme Structure The FARM Programme consists of 2 intensive “Master Classes” seminars component followed by a research project component. It may be completed in a minimum of 1 year of continuous work or a maximum of 2 years. The Master Classes Seminars The candidate will participate to 2 residential FARM "Master Classes " Seminars. They will take place on a yearly basis in September and October and will expose the participants to various topics at the forefront of risk management research and practices (Risks and Governance, Crisis Management, Strategy and Risk Mapping, Risks in Organizational Systems, Social and Human Capital Risk Management, etc.). The participants will receive ahead of the Seminar reading material to prepare themselves for an active participation. The Research Project After successfully taking the exam, he/she is invited to submit a risk management program to a jury of professional and academics at the next available session (organized yearly in October) i.e. the following year at the end of the next EFARM Master classes Seminar. During the 12 months, the candidate will prepare the presentation under the guidance of a «research sponsor» (one of the Senior Faculty of ARiMI) that he/she will meet once a month . The presentation takes the form of a practical project revolving around risk management issues for his/her company or for a client if working for a consultant, broker, insurer, etc.
	Delivery Method The programme is delivered by a faculty of active and highly credentialed practitioners, scholars, skilled educators, groundbreaking researchers, and entrepreneurs. All are experts in a variety of industry backgrounds, including, but not limited to, finance, insurance and risk management. The seminars enrolment will be limited (between 10 and 15 per class ) and follow a format that fosters interaction and participation from the participants. It includes a multi-media presentation with examples presented to illustrate the topics that are based on experiences in real business and operational activities and management. Each Master Classes seminar involves 24 contact hours (3 days). Monthly Supervisory visits/reviews during the research project require each supervisor to spend up to 4 contact hours per visit (either in individual sessions or small research groups of 2-3 candidates). Entry Requirement 1) Hold the ARM designation, or hold a degree from a reputable university preferably with a module in Risk Management; AND 2) At least 10 years of professional experience with 5 years minimum at management level in a position where they have to make decision about managing risks. Other professional experience will be at the discretion of the admission committee. Assessment Method Each candidate must pass successfully the exams attached to each of the topics of the advanced seminars before they can start the Research Project leading to the AFARM designation. The research project leads to a project presentation to be presented to a Jury. The jury will act as an executive committee. The jury chair then acts as a C.E.O. The candidates communication skills both in written and oral forms and his ability to provide a strategic vision will be weighted in the jury decision together with his/her risk management technical knowledge. If unable to reach a consensus decision, the jury will make the decision according to majority rule to award the Asian Fellow in Applied Risk Management (FARM) Designation.
	Program Fees (Teaching Modules) SGD 7,950 Examination Fee: SGD 450 per participant
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