RIMS-CRMP - Certified Risk Management Professional
Short Summary
RIMS-CRMP (Certified Risk Management Professional) is the only globally accredited certification for risk professionals, awarded by the Risk and Insurance Management Society (RIMS). Recognized under ISO/IEC 17024:2012, it affirms a candidate’s ability to identify, assess, and manage organizational risk with strategic insight and ethical rigor. The designation is designed for practitioners who seek to elevate their role from tactical risk mitigation to enterprise-wide value creation.
To earn the RIMS-CRMP, candidates must meet eligibility criteria based on education and experience, and pass a rigorous exam that evaluates five core competencies: analyzing the business model, designing risk strategies, implementing risk processes, developing organizational risk competencies, and supporting decision-making. The certification is vendor-neutral and industry-agnostic, making it applicable across sectors—from finance and healthcare to manufacturing and government.
Professionals who hold the RIMS-CRMP demonstrate a commitment to continuous learning and ethical practice. The credential is maintained through recertification every two years, requiring ongoing professional development. RIMS also offers a specialized micro-credential, the RIMS-CRMP-FED, tailored for federal government risk professionals.
Widely respected by employers and peers, the RIMS-CRMP signals leadership in risk management and enhances career mobility. It is especially valuable for those in roles such as risk manager, compliance officer, internal auditor, or enterprise risk leader. By aligning risk practices with organizational strategy, RIMS-CRMP holders help their organizations navigate uncertainty and seize opportunity.
Whether you're advancing in your current role or transitioning into a strategic risk position, the RIMS-CRMP offers a credible, competency-based pathway to professional distinction.
RIMS-CRMP - Certified Risk Management Professional
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Course Description
🎯 Purpose of the RIMS-CRMP Designation
The RIMS-CRMP is the only ANSI-accredited risk management certification globally, designed to validate a professional’s ability to:
- Align risk strategy with organizational goals
- Support decision-making through risk-informed insights
- Demonstrate ethical leadership and technical competence
- Build organizational resilience and value creation
It’s ideal for professionals in enterprise risk management, governance, compliance, and strategic planning roles who want to elevate their credibility and career trajectory.
📚 Topics Covered in the RIMS-CRMP Course & Exam
The certification is built around five core competency domains, each reflecting a critical aspect of risk leadership:
- Analyzing the Organizational Model
- Internal and external analysis
- Organizational resilience assessment
- Designing Organizational Risk Strategies
- Risk appetite and tolerance
- Risk strategy development and communication
- Implementation planning
- Implementing Risk Process
- Risk identification, analysis, and evaluation
- Stakeholder collaboration and solution design
- Monitoring and reporting
- Developing Organizational Risk Competency
- Training and coaching risk owners
- Integrating risk into daily operations
- Continuous improvement
- Supporting Decision Making
- Advising on risk-informed decisions
- Scenario planning and strategic influence
These domains are assessed through a single certification exam, with no required coursework—though prep workshops and study guides are available.
🧩 Specialization Options
While RIMS-CRMP is a generalist credential, there are two notable pathways:
- RIMS-CRMP-FED
Tailored for professionals in federal government roles, developed in partnership with AFERM (Association for Federal Enterprise Risk Management). - Complementary Designations
Many professionals pair RIMS-CRMP with:
- ARM-E for enterprise risk implementation
- CERA for quantitative risk modeling
- CPCU for insurance and underwriting depth
Cost
Here’s a full cost breakdown for the RIMS-CRMP (Certified Risk Management Professional) designation, based on the latest fee schedule from RIMS:
💰 Core Certification Fees
| Fee Type | RIMS Member | Non-Member | Notes |
| Exam Fee | $375 | $525 | Includes a $100 non-refundable application fee |
| Recertification (every 2 years) | $150 | $200 | Required to maintain active status |
| Exam Retake Fee | $275 | $375 | Applies if you don’t pass the first attempt |
| Exam Extension Fee | $150 | $250 | If you need to extend your testing window |
| Hand Score Request | $25 | $25 | Optional manual scoring |
| Certificate Replacement | $20 | $20 | If you need a new printed certificate |
📚 Optional Study Materials & Prep Courses
| Item | Estimated Cost | Notes |
| Official Study Guide | $75–$125 | Available via RIMS or third-party providers |
| Prep Workshops | $500–$2,150 | Varies by provider (e.g., AFERM, NSE Academy, Netrika) |
| Practice Exams & Flashcards | $50–$150 | Optional but helpful for exam readiness |
📦 Total Estimated Cost
If you’re a RIMS member and opt for basic self-study:
- Low estimate: ~$450 (exam + study guide)
If you’re a non-member and enroll in a full prep course:
- High estimate: ~$2,700 (exam + prep course + materials + recertification)
Prerequisites
There are eligibility requirements for the RIMS-CRMP (Certified Risk Management Professional) designation, but they’re flexible enough to accommodate a range of professional backgrounds:
✅ Prerequisites & Eligibility Paths
You must meet one of the following:
- Bachelor’s degree in risk management
- 1 year of full-time risk management experience
- Final-year student in a bachelor’s or higher program in risk management
- Eligible to apply before graduation
- Bachelor’s degree in a non-risk field
- 3 years of full-time risk management experience
- No degree
- 6 years of full-time risk management experience
📄 Required Documentation
- University transcript (if applying via degree path)
- Signed employment affidavit verifying your risk management experience
These requirements ensure that candidates have a solid foundation in risk practice, whether through education or hands-on experience. The certification also requires adherence to a Code of Ethics and ongoing recertification every two years.
Renewal Requirements
Maintaining the RIMS-CRMP (Certified Risk Management Professional) designation requires recertification every two years, along with a modest fee and continuing education activities.
🔄 Renewal Requirements
To stay active, you must:
- Earn 50 recertification points within each 2-year cycle
- At least 35 points must come from professional development (e.g., conferences, workshops, teaching, publishing)
- 1 point = 1 hour of qualifying activity
- Submit a recertification application via the RIMS portal
- Include documentation of activities (e.g., certificates, agendas, transcripts)
- Agree to uphold the RIMS Code of Ethics
- Complete payment of the recertification fee
💰 Renewal Fees
| Fee Type | RIMS Member | Non-Member |
| Recertification Fee | $150 | $200 |
| Exam Retake (optional) | $275 | $375 |
| Extension Fee | $150 | $250 |
If you don’t meet the renewal requirements, your certification will expire, and you’ll need to retake the exam to regain active status.
Average Time to Complete Course
The RIMS-CRMP (Certified Risk Management Professional) designation is self-paced, so completion time varies depending on your preparation method and schedule. Here’s a breakdown to help IDL users plan realistically:
⏳ Typical Completion Timeline
- Self-Study Path
Most professionals complete their preparation in 4 to 8 weeks, studying part-time (~5–7 hours/week) using the official study guide and practice materials. - Prep Workshops
Intensive options like the RIMS-CRMP Overview Course or bootcamps (e.g., NAIT, DRI International) run for 2 to 4 days and include guided instruction, case studies, and exam prep. - Exam Scheduling
Once ready, candidates can take the exam on-demand via Pearson VUE testing centers or online proctoring. There’s no fixed testing window—you choose your date.
🧠 Factors That Influence Completion Time
- Prior experience in risk management can shorten study time
- Use of workshops or coaching may accelerate readiness
- Work and personal commitments may extend the timeline
Exams
Here’s a full breakdown of the RIMS-CRMP (Certified Risk Management Professional) exam details, tailored to fit your IDL format:
📝 Number of Exams
- One exam only
The RIMS-CRMP designation is earned by passing a single certification exam that assesses five core competency domains.
🧪 Exam Format
- Computer-based exam
Administered via Pearson VUE at testing centers or through OnVUE remote proctoring from home or office - 120 questions total
- 100 scored questions
- 20 pretest questions (not scored, used for future exam development)
- Question types
- Multiple choice
- Scenario-based application questions
- Select multiple, drag-and-drop, and fill-in-the-blank formats
- Passing score: 71% or higher
⏱️ Duration
- 2 hours total
- No scheduled breaks
- Candidates must maintain a steady pace to complete all questions
📆 Testing Window
- Year-round availability
Candidates receive a four-month authorization window after application approval - Flexible scheduling
- Appointments can be made up to one business day in advance
- Locations are first-come, first-served at Pearson VUE centers or online
Certifying Body
The RIMS-CRMP (Certified Risk Management Professional) designation is awarded by RIMS, the Risk and Insurance Management Society—a globally recognized authority in risk education and advocacy.
🏛️ Certifying Body: RIMS
- Full Name: Risk and Insurance Management Society
- Website: RIMS Certification Portal
- Accreditation:
RIMS-CRMP is accredited by the ANSI National Accreditation Board (ANAB) under ISO/IEC 17024:2012, making it the only globally accredited risk management certification of its kind. - Role:
RIMS develops the certification framework, administers the exam, and oversees recertification standards. It also promotes professional development through conferences, publications, and networking.
This ANSI accreditation ensures that the RIMS-CRMP meets rigorous international standards for certification programs, including impartiality, consistency, and quality assurance.
