Grades 

The Institute has four grades of membership, the main one being Professional Member.

Fellow - an honorary award for those who have actively contributed to the development of the Institute or individuals of high-standing within the discipline of Operational Risk who meet the requirements as from time to time determined by the Institute.
 

Professional Member - for those with a minimum of two years relevant experience in risk management and who are currently working in an operational risk management position.

Member - for those with a minimum of two years practical experience and who are currently active in a risk related role.  This may include individuals currently working in internal audit or compliance.  This category is also open to those working in academia.
 

Associate - for those who are working towards achieving a higher grade of membership or actively engaged in research, education and training, or an associated field or interest in Risk Management.  Typically, the Institute views this category for those people who are starting out on their career and who are interested in learning more about operational risk management.