€280 - €914
Live Online
15 CPD Units | 15 Hours
HRDA Subsidised
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
In the face of the recent constant change in the Financial Services Sector, both from legal and regulatory amendments and from credit and financial shocks in the market, the need for professionals to know how to manage risk is more important than ever before. This knowledge will offer a competitive commercial advantage to companies in Cyprus and increase their potential for new business development.
Risk in Financial Services offers a comprehensive global introduction to the major risk areas in financial services. It addresses international issues, reflecting the needs of a worldwide market, and provides a sound grounding in the principles of the risk management framework, corporate governance and risk oversight. It covers specific techniques used in identifying, reducing and managing operational risk, credit risk, market risk, investment risk and liquidity risk.
The current Syllabus (Edition 11) for the Certificate in Risk in Financial Services, is valid from 11 August 2024 until 10 August 2026.
Training Objectives
By the end of the programme, participants will have a broad understanding of:
the general principles of risk in business
the key risks that arise within the financial services industry
the influence of corporate governance, regulation and codes of conduct
the approaches that are typically used to identify, reduce and manage specific aspects of risk
Training Outline
Principles of Risk Management
International Risk Regulation
National Regulation
Operational Risk
Credit Risk
Market Risk
Investment Risk
Liquidity Risk
Model Risk
Risk Oversight and Corporate Governance
Enterprise Risk Management (ERM)
Who Should Attend
The programme is ideal for:
Risk and compliance teams
Branch management
Corporate lawyers
Finance officers
Senior managers of all disciplines
Existing and aspiring non-executive directors
Professionals who would like to attain the CISI Risk in Financial Services Certification
Training Style
The programme is designed to enhance participants’ broad understanding via short lectures, practical examples, and practice questions. Most of the training delivery will be based on the CISI Risk in Financial Services certification syllabus and the related national regulations. Participants will benefit from extensive Q&A sessions throughout the course, which can be ideal.
Participants will also have access to 100 online revision questions with answers, which can be ideal for candidates pursuing the respective exam.
CPD Recognition
This programme may be approved for up to 15 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Optional Exam
Participants of the CISI Risk in Financial Services course at EIMF can select to pursue the respective CISI Exam to be awarded with the CISI Risk in Financial Services Certificate. This Certificate is a specialist qualification, covering a range of risks in financial services. It can be taken as a stand-alone qualification or as part of the CISI Investment Operations Certificate (IOC). Passing the CISI Risk in Financial Services exam provides you also with a free CISI Student Membership, access to the Associate Membership and the valued ACSI designatory letters.
The exam is Multiple Choice Computer-Based, consisting of 100 questions and lasts 2 hours. The current pass rate for this exam is 55% and the pass mark is 70%.
The CISI one- time membership processing fee and the one- off charge for the first qualification are not included in the above package price.
These fees are subject to change at any time at CISI’s discretion and without prior notice. Accordingly, EIMF will charge candidates based on the applicable fees in effect at the time of registration.
Any discount applies only to the course fee.
Further Qualifications
To further theoretical and practical knowledge upon completion of Risk in Financial Services, qualifications to take include:
Exam and membership fees are subject to change at any time at CISI’s discretion and without prior notice. Accordingly, EIMF will charge candidates based on the applicable fees in effect at the time of registration.
Any discount applies only to the course fee and not to the exam fee. Any special promotions/discounts apply exclusively to the course training fee. The exam fee is not eligible for discounts.
To learn more about the Qualification click here.
Chartered Institute for Securities & Investment (CISI)
The CISI is the leading professional body for securities, investment, wealth and financial planning professionals. Formed in 1992 by London Stock Exchange practitioners, they have a global community of circa 45,000 members in 104 countries. The CISI sets standards of professional excellence, providing qualifications and promoting the highest level of competence.
CISI and EIMF
The CISI and EIMF have a long-lasting collaboration in organising training and development events and promoting opportunities that are of value to the CISI members as well as to securities, investment, wealth and financial planning professionals. The CISI has awarded the EIMF the “Authorised Training Provider” status, which allows EIMF to offer quality preparation courses for participants pursuing the CISI certificates, such as the CISI Risk in Financial Services.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Panayiotis Antoniou
Panayiotis Antoniou is a Managing Director at the Global Risk Management and Prudential department of Complyport. He is a professional with 25 years experience in the Financial Sector. He is currently the managing Director of Complyport Global Risk Management and Prudential, a large Advisory Group specialising in prudential risk and Compliance matters for Banks, Investment Firms, Investment Funds and Payment Institutions. Panayiotis is a holder of CySEC’s AML and Advanced Certificates, a Certified Anti-Money Laundering Specialist (CAMS), a Chartered MCSI at the Chartered Institute of Securities and Investments (CISI), a member of the Project Management Institute (PMI). He is also a HRDA accredited trainer. Panayiotis holds a Bachelor degree in Computer Science from State University of New York, USA, a Master’s degree in Information Systems from Virginia Tech, USA as a Fulbright Scholar, a Master’s in Business Administration (MBA) and a Master’s in Public Sector Management (MPSM).
The invoice is issued on the day the course starts.
Payments can be made by bank transfer, cheque, or credit card.
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.
Click the Get Your Certificate button in the email to download your certificate.
You can also access it from your Cademy account:
To access the course materials, such as presentations and recordings:
The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.
The HRDA subsidy is available to:
To receive the subsidy, eligible persons must attend at least 75% of the course.
ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/
To attend an HRDA-approved course, you must:
See the FAQs below for detailed instructions.
Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.
You can create or access your ERMIS profile here: https://ermis.anad.org.cy/
After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.
You must register through your personal ERMIS profile.
For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.
Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.
When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:
You must update your ERMIS profile:
When submitting your request, you must upload one of the following:
Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.
To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.
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