Certificate in Internal Controls and Risk Management

Enroll in the Certificate in Internal Controls and Risk Management and take your Risk Management Career to the next level!

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Course Description

In the ever-changing business environment, encountering risks is inevitable. The ability to manage these increasingly significant risks now represents the difference between a thriving organization and one that is struggling to deal with the challenges facing it.

To deal with these challenges requires extensive knowledge of Internal Control Systems and Risk Management.

Internal control systems help support management to achieve objectives, align the direction of the organization, and establish effective processes. Consequently, strengthening these allow for an organization’s success and survival. This course will help you building a strong internal control system or improving it to boost your organization’s success.

This Certificate Program is a Specialist training that offers four modules covering core concepts, principles, and practices related to internal controls structure developed and implemented in an organization. It also includes vital risk management concepts.

You will finish this Certificate Program with a sound overview of Internal Control Systems and Risk Management to evidence your knowledge.

What You Will Get From This Course

In-demand Skills

Gain the relevant knowledge to ensure that you are supporting your firm and progressing your career.

Career Credential

Get a certificate from the FCA Financial Crime Academy.


Study on-demand and at your own time and pace, regardless of where you are in the world with this flexible online course.

Global Community

Get access to our exclusive LinkedIn group with 1,500+ like-minded professionals and experts.

Course Material

Download supplementary course material such as the comprehensive course study guide.

Quiz Questions

Test your knowledge with multiple-choice questions and determine which skills you have mastered!

Course Overview

Learning Objectives

  • Understand risk management and internal controls
  • Identify different internal controls and their components
  • Recognize what internal controls can and cannot do
  • Understand the three lines of defense model
  • Differentiate between entity-level controls and activity-level controls
  • Learn how to build a framework for internal controls
  • Understand costs and benefits of internal controls
  • Learn how to identify, measure, and manage risks
  • Learn about the risk management framework

Target Audience

  • Professionals wanting to acquire and demonstrate specialized knowledge in risk management and internal controls
  • Professionals wanting to increase their value through a better understanding of practical risk management methods such as internal controls
  • Professionals wanting to build a comprehensive knowledge in risk management and internal controls
  • Career starters and students wanting to get an edge in risk management, internal controls, and compliance overall


For participating in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.). You will need no previous knowledge in compliance or anti-financial crime, although this is helpful. A background in business, legal, or finance might also be beneficial but is not required.

Learning Method

This Certification Program is presented entirely online. Modules can be completed in your own time and at your own pace. This interactive, supportive teaching model is designed for busy professionals and results in unprecedented certification rates for Certification Programs.

Course Curriculum

Introduction to the Program

  • Introduction to the Program

Module 1: Basic Knowledge of Internal Controls

  • Introduction to This Module
  • What Are Internal Controls?
  • What Internal Controls Can And Cannot Do
  • Components Of Internal Controls
  • Internal Control Categories
  • Internal Control Procedures
  • Multiple Choice Quiz

Module 2: Internal Control Systems in an Organization

  • Introduction to This Module
  • Organizational Hierarchy of Internal Controls
  • Three Lines Of Defense Model
  • Entity-Level Controls
  • Activity-Level Controls
  • Multiple Choice Quiz

Module 3: Building an Environment for Internal Controls

  • Introduction to This Module
  • Key Considerations in Developing Internal Controls
  • Benefits and Costs of Internal Controls
  • Compliance Requirements
  • Performing a Regulatory Compliance Risk Assessment
  • Multiple Choice Quiz

Module 4: Identifying, Measuring, and Managing Risks

  • Introduction to This Module
  • Risk Identification
  • Risk Assessment
  • Performing Risk Assessments and Risk Reviews
  • Risk-Management Framework
  • Multiple Choice Quiz

Final Assessment

  • Final Assessment

Completing the Program

  • Completing the Program

Ready? Get unlimited access to all courses and webinars by joining our membership today!

Frequently Asked Questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, a smartphone or table, and a stable internet connection.

Can I download course files and resources for the course?

Absolutely! All the files (including study guide, audiobook, course slides, etc.) in a course are available for download. Just look for a module that shows the files within a course.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 60% passing grade.

How are the exams conducted?

Students are required to complete an online assessment (mostly multiple choice questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 60% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how the Financial Crime Academy’s courses have helped so many people advance their anti-financial crime, compliance, and risk management careers. Our courses are designed to teach in-demand skills and relevant background knowledge of subject matter expertise needed in practice.

More Questions?

Email us and we'll be happy to answer any of your questions.

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