IIBF Risk in Financial Services: The Indian Institute of Banking and Finance has released the notification for the Certification Exam in Risk in Financial Services. This certification examination is offered by IIBF in collaboration with the Chartered Institute for Securities & Investment (CISI), London. The main objective of the course is to enable bankers to gain expertise in the area of Risk Management in Financial Services.
IIBF Risk in Financial Services Notification 2026
As per the released notification, the registration process for the exam scheduled on 24th January 2026 will start on 12th January, and the last date to fill the online application form is 18th January 2026. The details of the IIBF Risk in Financial Services exam are as follows:
| Particulars | Details |
|---|
| Exam Name | IIBF Certification Exam in Risk in Financial Services |
| Conducting Body | Indian Institute of Banking & Finance (IIBF) |
| Risk in Financial Services Notification 2026 | Released |
| Exam Mode | Online (CBT) |
| Risk in Financial Services Exam Date | 24th January 2026 |
| Registration Dates | Varies based on the exam date |
| Fees (Approx.) | ₹6,000+GST - ₹16,200+GST |
| Official Website | iibf.org.in |
Join the IIBF Risk in Financial Services Online Course Today
Download IIBF Risk in Financial Services Notification 2026 PDF
The Indian Institute of Banking & Finance (IIBF) has released the official notification for the Risk in Financial Services Certification. This certification helps banking and finance professionals understand different types of risks, their management, and how they affect financial institutions. The direct link to download the Notification PDF is provided below.
Download IIBF Risk in Financial Services Notification PDF
What are the important dates for the IIBF Risk in Financial Services certification exam?
The important dates for the IIBF Risk in Financial Services exam are as follows, registration will start on 12th January 2026 and close on 18th January 2026. The exam is scheduled to be held on 24th January 2026, which falls on the fourth Saturday of the month. Candidates should ensure they complete their registration within the given window to appear for the exam.
| Exam Date | Day | Registration Start Date | Registration End Date |
|---|
| 24th January 2026 | 4th Saturday | 12th January 2026 | 18th January 2026 |
IIBF Risk in Financial Services certification exam structure
The IIBF Risk in Financial Services Certification has been specially curated for both members and non-members of the Indian Institute of Banking and Finance. This certification examination aims to equip banking and finance professionals with in-depth knowledge of risk management in both Indian and international contexts. The course is conducted in collaboration with the Chartered Institute for Securities & Investment (CISI), London, and consists of two levels Level I (Indian perspective) and Level II (International perspective).
| Component | Details |
|---|
| Eligibility | Open to IIBF Members and Non-members |
| Course Levels | Level I and Level II |
| Examination Parts | - Part 1: Indian Scenario (conducted by IIBF) - Part 2: International Scenario (conducted by CISI, London) |
| Level I – Indian Perspective |
| Exam Duration (Level I) | 2 hours |
| Study Hours (Level I) | 40 to 60 hours |
| Content (Level I) | Risk Management – Indian Perspective |
| Post-Exam Requirement (Level I) | 3-day training at pre-announced centres |
| Certificate (Level I) | IIBF certificate awarded after online exam and training |
| Level II – International Perspective |
| Eligibility (Level II) | Only for candidates who have passed Level I |
| Exam Conducted by (Level II) | Chartered Institute for Securities & Investment (CISI), London |
| Exam Duration (Level II) | 2 hours |
| Study Hours (Level II) | 100 hours |
| Content (Level II) | Risk in Financial Services – International Scenario |
| Certificate (Level II) | Joint certificate by IIBF and CISI upon completion |
| Level II Registration Requirements |
| Registration with IIBF | Mandatory before applying to CISI |
| Registration Fee | ₹1000 + applicable taxes (one-time) |
| Next Steps | IIBF forwards candidate details to CISI. Candidates must then complete CISI's formalities independently. |
What is the eligibility criteria for IIBF Risk in Financial Services 2026?
The IIBF Risk in Financial Services certification is open to employees of banks and financial institutions who want to build expertise in risk management. The exam is available to both IIBF Members and Non-Members. To apply, candidates must have passed the 12th standard examination in any discipline or hold an equivalent qualification. This makes the certification accessible to a wide range of banking and finance professionals.
| Category | Details |
|---|
| Target Group | Employees of banks and financial institutions |
| Membership | Open to both IIBF Members and Non-Members |
| Educational Qualification | Must have passed the 12th standard examination (in any discipline) or its equivalent |
What is the registration process for IBF Risk in Financial Services certification?
The registration process for the IIBF Risk in Financial Services Certification is conducted in two levels. Level I is managed directly by IIBF, while Level II is handled by CISI after candidates qualify for or are exempted from Level I. Candidates need to follow the respective steps for each level to successfully register, access study material, and receive their admit letters or registration guidance.
| Level | Managing Body | Key Steps |
|---|
| Level I | IIBF | - Visit the official IIBF website (iibf.org.in) to access the registration portal
- Check exam schedule and registration dates
- Select preferred exam slot
- Optionally purchase e-learning or e-book materials
- Receive login credentials to access study content
- Download the Admit Letter after successful registration |
| Level II | CISI | - IIBF confirms candidates who passed Level I or are exempted
- IIBF shares eligible candidate details with CISI
- CISI contacts candidates with registration guidance
- Candidates can also reach out to CISI directly for support |
What is the IIBF Risk in Financial Services fee structure?
The IIBF Risk in Financial Services Certification involves a structured fee system based on the mode of training and examination level. Level I of the IIBF Risk in Financial Services exam charges separate fees for the online exam and mandatory training, which can be taken virtually or in a classroom, with re-attempt fees applicable if needed. Level II, conducted by CISI, has an international fee structure, and candidates register through IIBF before completing the process with CISI, including limited rescheduling options.
Level I Examination & Training Fees (IIBF)
For Level I of the Risk in Financial Services exam, the Indian Institute of Banking & Finance (IIBF) charges separate fees for the online examination and the mandatory training. The training can be undertaken in virtual mode or through physical classroom sessions, depending on availability. Here's the detailed fee structure:
| Mode of Training | Examination Fee | Training Fee | Total Fee (Examination + Training) |
|---|
| Virtual training mode | ₹6,000 + GST | Nil | ₹6,000 + GST |
| Physical classroom training (Mumbai, Delhi, Chennai, Kolkata) | ₹6,000 + GST | ₹5,000 + GST | ₹11,000 + GST |
| Physical classroom training (Other Centres) | ₹6,000 + GST | ₹9,000 + GST | ₹15,000 + GST |
Level I Reattempt & Additional Fee Structure
Candidates who are unsuccessful in their first or subsequent attempts must re-register for the examination by paying a nominal or full fee. There are also specific charges applicable for repeating virtual training.
| Attempt/Training Status | Fee |
|---|
| 2nd Attempt (if failed 1st attempt) | ₹200 (nominal fee) |
| 3rd Attempt (if failed 2nd attempt) | ₹6,000 + GST |
| Re-attempt for Virtual Training (if failed) | ₹1,000 + GST |
Important Notes for Level I
Before registering for the IIBF exam, candidates must keep in mind the following important instructions and guidelines to ensure a smooth application and exam process:
- Candidates must register separately for each exam attempt.
- Exam date and time selection is on a first-come, first-serve basis.
- No changes in exam date or time slot are permitted post-registration.
- Training fees are payable only after passing the online examination.
Level II Examination Fees (CISI)
Level II of the certification is conducted by the Chartered Institute for Securities & Investment (CISI), London, and includes an international fee structure. Below are the applicable charges for each attempt:
| Attempt | Fee | Includes |
|---|
| 1st Attempt | £130 | Registration fee, workbook, e-learning |
| 2nd Attempt | £80 | Applicable if syllabus is unchanged |
| Subsequent Attempts | As per CISI rules | – |
Level II Registration Process & Notes
Registration for the Level II exam is managed by CISI. Eligible candidates must first register with IIBF and then complete the remaining process as guided by CISI. The following key points outline the process:
| Detail | Information |
|---|
| One-time Registration Fee (to IIBF) | ₹1,000 + applicable taxes |
| Registration Flow | Candidate registers with IIBF → IIBF shares details with CISI → CISI contacts the candidate |
| Rescheduling Policy | 1 free reschedule if informed 14 days before the exam; further changes charged per CISI rules |
IIBF Risk in Financial Services Level 1 Exam Pattern
The IIBF Risk in Financial Services Level I examination is structured to assess a candidate's foundational understanding of risk management principles within the Indian financial sector.
| Component | Details |
|---|
| Subject | Risk Management (Indian Perspective) |
| Mode of Examination | Online only |
| Medium of Examination | English |
| Type of Questions | Objective type multiple-choice questions, including case studies/case-lets |
| Number of Questions | Approximately 100 questions (subject to change by the Institute) |
| Total Marks | 100 |
| Passing Criteria | Minimum 50 marks out of 100 |
| Negative Marking | No negative marking for incorrect answers |
| Exam Duration | 2 hours |
IIBF Risk in Financial Services Level 2 Exam Pattern
The Level II examination of the IIBF Risk in Financial Services Certification is conducted in partnership with the Chartered Institute for Securities & Investment (CISI), London. This level focuses on assessing the candidate's understanding of global risk management practices and principles. The exam is held in a proctored online format at designated test centres across India.
| Component | Details |
|---|
| Subject | Paper 2 – Risk in Financial Services |
| Type of Questions | 100 multiple-choice objective type questions |
| Total Marks | 100 |
| Passing Criteria | Minimum 70% (i.e., 70 out of 100 marks) |
| Exam Duration | 2 hours |
| Mode of Examination | Online mode only |
| Exam Centres | Prometric test centres in 8 cities: Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Gurugram, Ahmedabad, and Thiruvananthapuram |
| Exam Frequency | Conducted throughout the year (except Saturdays and Sundays) |
IIBF Risk in Financial Services training & evaluation process
After clearing the online examination, candidates are required to undergo a mandatory 3-day training program, which is an essential part of the certification process. The training is aimed at enhancing participants' practical understanding and application of risk management principles.
- Eligibility for Training: Only candidates who have successfully cleared the Level I online examination are eligible to apply for training.
- Mode of Training: Candidates can choose between:
- Classroom Training at select centres (Mumbai, Delhi, Chennai, Kolkata, etc.)
- Virtual Classroom Training conducted online
- Registration: Candidates must log in to the IIBF website and select their preferred slot from the available training dates and centres.
- Training must be completed within 15 months from the date of the Level I exam result declaration.
- If not completed within this timeframe, candidates must re-enroll for the exam and forfeit credit for the previous pass.
Internal Evaluation Structure
The internal evaluation structure are as follows:
| Particulars | Weightage | Total Marks | Minimum Marks to Pass | Remarks |
|---|
| Attendance | 50% | 50 Marks | 25 Marks (50%) | Minimum attendance in 5 out of 10 sessions is compulsory (spread across 3 days) |
| MCQs (End of Each Session) | 50% | 50 Marks | 25 Marks (50%) | 5 MCQs per session, total of 50 MCQs (1 mark each) at the end of training |
Passing Criteria:
- Minimum 50 marks out of 100 (combined).
- A minimum of 20 marks in MCQs is mandatory, even if attendance marks are higher.
Evaluation Parameters for Internal Marks
The details of the evaluation parameters for internal marking are as follows:
- Faculty will assess candidates on:
- Participation in sessions
- Analytical and problem-solving abilities
- Engagement in case discussions
- Presentation and communication skills
Exemption from IIBF Risk in Financial Services level 1 examination
The Indian Institute of Banking & Finance (IIBF) provides an exemption from the Level-I examination of the Risk in Financial Services certification for candidates who already possess relevant qualifications in risk management.
| Sub-topic | Details |
|---|
| Eligible Candidates for Exemption | - IIBF Members who have passed any of the following: 1. Diploma in Treasury, Investment & Risk Management (DTIRM) 2. CAIIB with elective in ‘Risk Management' 3. CAIIB holders with Certificate in Risk Management as a separate elective |
| Exemption Benefit | Eligible candidates can skip Level-I examination and proceed directly to training and Level-II examination. |
| Mandatory Registration | Candidates must still register for Level-I exam and pay the applicable fees and taxes to be considered for exemption. |
| Steps to Claim Exemption | 1. Apply online for the Level-I exam and pay the required fees. 2. Send a separate written exemption request along with: - Acknowledgement copy of Level-I exam registration - Copy of Result Advice/Final Certificate of qualifying exam 3. Send documents to the IIBF Examination Corporate Office before the last date for applying for the examination. |
| Important Note | Requests received after the deadline will not be accepted. Exemptions are subject to verification and approval by IIBF. |
IIBF Risk in Financial Services Exam in Remote Proctored Mode
The exam is conducted in Remote Proctored Mode, allowing candidates to appear from their home or office. The system uses AI-based proctoring along with live invigilators to maintain exam integrity.
What is Remote Proctored Mode?
Remote proctoring enables real-time exam monitoring through:
- Webcam access
- Microphone usage
- Screen sharing
- AI tools and human proctors work together to prevent unfair practices.
Guidelines for Remote Proctored Exam
The important guidelines for the Risk in Financial Services Certification Exam in remote proctored mode are as follows:
- Take Exam from Home/Office – Ensure a quiet, disturbance-free, well-lit room
- Login Early – Join at least 30 minutes before the scheduled exam for identity verification
- Original Photo ID Required – Aadhaar, PAN, Passport, etc. must be presented
- Live Face Verification – Your live photo will be matched with your IIBF profile photo
- 360° Room Scan – A complete room view may be requested via webcam by the proctor
- Clear Desk Policy – No notes, books, gadgets, or papers are allowed
- Live Monitoring – Your screen, webcam, and audio will be continuously monitored
- On-Screen Communication – Follow instructions given by the proctor in the chat window
- Unfair Practices – May result in warnings, exam termination, or disqualification
- Provisional Scorecard – Will be displayed immediately after submission
Minimum System Requirements for Remote Exam
The minimum system requirements to appear for the exam in remote proctored mode are as follows:
| Component | Requirement |
|---|
| Device | Desktop or Laptop only (Mobile/Tablets not allowed) |
| Operating System | Windows 8 / Windows 10 |
| Browser | Google Chrome (v75 or above) with cookies and pop-ups enabled |
| Webcam & Microphone | Mandatory – HD webcam preferred |
| Processor & RAM | Intel i3 5th Gen (2.2 GHz) or higher with 4 GB RAM |
| Internet Speed | Minimum 2 Mbps upload speed |
| Pop-up Blocker | Must be disabled |
IIBF Risk in Financial Services Certification Exam Result 2026
The important details regarding the issuance of result documents for IIBF Risk in Financial Services examination are as follows:
| Document Type | Details |
|---|
| Result Advice | - Available on the IIBF official website post result declaration. - Can be downloaded by logging in with member credentials. |
| Consolidated Marksheet | - Issued to candidates who appear for exams with multiple subjects. - Accessible on the IIBF website after login using membership number and edit profile password. |
| Final Certificate | - Digitally signed certificate sent via registered email within 3 weeks of result declaration. - No physical certificates are issued. |
