There are three grades of membership available at The Institute.
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. Fellows shall be permitted to use the designatory letters FIOR whilst they remain members.
For those with a minimum of two years relevant experience in directly in risk management and who are currently working in an operational risk management position. Professional grade is also available to individuals currently active in a risk related role with a minimum of two years practical experience. Such roles may include for example internal audit or compliance or any other role where the management of risk plays a part. Professional Members are permitted to use the designatory letters PIOR.
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.
For those who have completed the Institute of Operational Risk’s Certificate in Operational Risk Management (CORM).