Assessment Criteria for Exit Level Outcome 1:
A thorough understanding of the financial economic theory, fundamental models and concepts such as utility theory, the capital asset pricing model, and arbitrage pricing theory is demonstrated.

Assessment Criteria for Exit Level Outcome 2:
The history and current state of mathematical and statistical models in finance are understood.
An understanding of mathematical models related to the modelling of exposures on all products that bear market and credit risk is displayed.
Risk exposures associated with sources of profitability across an organisation are identified.
Detailed risk policies and guidelines are developed in order to implement defined risk tolerances.

Assessment Criteria for Exit Level Outcome 3:
Technical and descriptive reports are analysed to produce succinct market commentary, and identify links between potential risks and market fundamentals.
Opportunities for new business ventures through the effective execution of risk management functions are identified.

Assessment Criteria for Exit Level Outcome 4:
The impact of ethics, accounting, regulatory and governance frameworks on modern Risk Management is understood.
Compliance with all internal and external regulations, policies and procedures is ensured and ethical and professional conduct maintained.
Adherence to a strong code of ethics and corporate governance as prescribed by best practice is ensured.
Effective working relationships with senior management, external regulators, supporting areas, colleagues, and internal and external clients are maintained.

Assessment Criteria for Exit Level Outcome 5:
A wide range of specialised skills are used in identifying, conceptualising, designing, and implementing methods of enquiry to address complex and challenging problems while understanding the consequences of any solutions or insights generated within the Risk Management of Financial Markets field.

Assessment Criteria for Exit Level Outcome 6:
Models, systems, and all processes related to estimating, measuring and reporting risk exposures, and profitability measures are evaluated and checked.
Computational adeptness, particularly a strong understanding of data vendors, Excel, VBA, Matlab, SQL and the interactions between these systems/programmes and internal/external systems is demonstrated.

Assessment Criteria for Exit Level Outcome 7:
Employees at different levels in an organisation are supported to understand, analyse risk, as well as decompose profitability relative to risk exposures.
Maintain effective working relationships with senior management, external regulators, supporting areas, colleagues, and internal and external clients.
Adherence to risk limits as ratified by the board and senior management is ensured, supported and supervised.

Assessment Criteria for Exit Level Outcome 8:
The ability to translate complex technical concepts into understandable notions for a range of audiences on different levels of knowledge within the Risk Management of Financial Markets domain is exhibited.
Detailed risk reports are generated.

Assessment Criteria for Exit Level Outcome 9:
Capacity to undertake high level research is displayed.
Technical results are communicated coherently and accurately.
Research of creditable quality is produced.

Integrated Assessment:
Learners are required to pass all modules of the qualification, all of which are compulsory.
Risk Management Quantitative Modelling: This module will be assessed through a sequence of computational assignments and mathematical/computational tests. The final examination will have two parts: a practical/computational component, and a theoretical component. The learners will have to demonstrate computational and technical proficiency.

Risk Management Markets: This module will be assessed through a sequence of modelling assignments and mathematical/computational tests. It will also contain two written risk reports. The learners will have to demonstrate practical understanding of complex risk management challenges. The final examination will have two parts: a practical/computational component, and a theoretical report component.

Risk Management Governance: This module will be assessed through a sequence of essays, presentations and risk reports. The learners will have to demonstrate an ability to situate governance within firm wide quantitative risk management.

Risk Management Research: This module will be assessed through three written projects with attendant presentations. The learners will have to demonstrate an integrated understanding of financial risk management.