The Global Risk Management Institute, Inc. (GRMI) is an institute that issues the CRM and is an alumni association of individuals who hold the Canadian Risk Management (CRM) and RIMS Fellow (RF) designations.
To achieve the CRM designation:
Step 1. Enroll at your local university. Before you register, make sure the three CRM courses are available.
Participating Institutions/Universities offering CRM courses:
University of Toronto
Simon Fraser University
University of Winnipeg
University of Alberta
University of Western Ontario
University of Calgary
Universite du Quebec a Montreal
Wilfrid Laurier University
Laval University (francais)
British Columbia Institute of Technology
University of Northern British Columbia
Bow Valley College
University du Quebec - TELUQ
Memorial University, St. John's
For more information and links to universities offering CRM courses, visit RIMSCanada's list of participating establishments.
Course Tuition:University course tuition varies from one institution to another, and is independent of fees paid to the Global Risk Management Institute (GRMI).
Step 2. To receive the CRM, an individual completes the three required courses and submits a $100 fee (Canadian funds) to cover the cost of verifying completion. GRMI awards a certificate following receipt of transcripts.
Step 3. Once all three CRM courses have been completed, create your online profile. If you already have a profile, please make sure it's up-to-date.
Step 4. Mail copies of your three CRM grades along with a $100 fee (Canadian funds) in the form of a check to cover the cost of verifying completion. Send check made payable to GRMI and copies of grades to: GRMI, 1065 Avenue of the Americas, 13th Floor, New York, NY 10018. Please allow 6 weeks to process your CRM certificate.
Risk Management Principles and Practices:
Topics: Introduction to risk management; Risk management standards and guidelines; Hazard risk; Operational, financial, and strategic risk; Risk management framework and process; Risk identification, analysis, and treatment; Financial statement risk analysis; Capital investment and financial risk; Monitoring and reporting on risk.
Risk Assessment and Treatment:
Topics: Introduction to risk assessment and treatment; Root cause analysis; Business continuity management; Physical property risk; Intellectual property and reputation risk; Legal and regulatory risk; Management liability; Human resource risk; Environmental risk; Crime and cyber risk; Fleet risk.
Topics: Introduction to risk financing; Estimating hazard risk; Transferring hazard risk through insurance; Self-insurance plans; Retrospective rating plans; Reinsurance; Captive insurance; Contractual risk transfer; Transferring financial risk; Transferring hazard risk to the capital markets; Allocating costs of managing hazard risk.
Membership in GRMI
In order to maintain the (CRM) Designation, membership in the Global Risk Management Institute, Inc. (GRMI) must remain current.
To renew and continue the membership, the individual pays GRMI Member dues, ($50 annual fee paid in U.S. funds).
Questions and Correspondence:
Use our online contact form and select 'GRMI' in the 'Contact' drop-down selection box.
Earn your RIMS Fellow Designation and continue to learn about the dynamic field of Risk Management.
The Canadian Risk Management (CRM) designation meets the risk management foundation towards the RIMS Fellow (RF) designation. To learn more about
the RIMS Fellow (RF) designation, click on the menu on the left for RIMS Fellow.
If you hold the Canadian Risk Management (CRM) designation and complete the RIMS Enterprise-wide Risk Management: Developing and Implementing workshop, you are eligible to take the CRM-E On-line Examination in order to obtain a CRM-E designation.
The exam is based on the textbook, Enterprise Risk Management, published by the Institutes. Details and access information on the CRM-E On-line Examination will be sent to you upon completion of the three-day workshop.
The following people have been awarded the CRM-E designation:
- Steve Ruddy
- Paul Ajayi
- Brett Mowbray
- Gail Stoyko
- Lena Krten
- Carol Halko
- Chris Boehnke
- Barbara Peter
- Paul Johnson
- Paul Orde
- Deborah Tracogna
- Andrea McCausland
- Emily Works
- Nicole Cebuliak
- Georgina Fitzpatrick
- Wakako Thomson
- John Lammey
- Justin Onwudiwe
- David Foley
- Brent Thomas
- Enoch Fung