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Chartered Enterprise Risk Actuary (CERA) membership

The Chartered Enterprise Risk Management (CERA) credential is the most comprehensive and rigorous globally-recognised Enterprise Risk Management (ERM) designation

The CERA qualification provides risk professionals with strong ERM knowledge that drives better business decisions. 

Members of the Institute and Faculty of Actuaries (IFoA) are eligible to receive the CERA qualification if they:

  • become an Associate member and pass ST9, the Specialist Technical exam in enterprise risk management; or
  • become a Fellow (or have completed the exams required to transfer to the class of Fellow) and have passed ST9 as one of their ST subjects for Fellowship, or as an additional ST subject; and
  • attend a CERA seminar, which will enable them to investigate and discuss more practical applications of enterprise risk management.

Further information about how to become a CERA can be found in the Plan my study route area of the site.

You can find out more about the qualification, including:

  • where CERA qualified actuaries work
  • the types of roles they fulfil
  • the value that they can add to risk management, and
  • the growth of the qualification

in the Risk Management pages.

Background to the CERA qualification

In November 2009, 14 actuarial education organisations from around the world took the unprecedented step of agreeing to collaborate to develop and administer a new qualification in ERM, the Chartered Enterprise Risk Actuary (CERA) – a ground breaking achievement, and the birth of the Global CERA Treaty.

The CERA Global Association (CGA) grants actuarial organisations the right to award the global CERA qualification to individual actuaries who have satisfied the requisite education and training requirements set out in the CERA Global Treaty.

As a signatory of the CERA Global Treaty, the Institute and Faculty of Actuaries (IFoA) can award the CERA qualification to suitably qualified members of the IFoA.

To find out how CERA can enhance your career opportunities, go to the CERA global website.

Contact Details

CERA Administrator

CERAUK@actuaries.org.uk

We aim to respond to all enquiries within five working days.

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Events calendar

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

  • UK Town Hall 08:30-09:30

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report. 

  • Spaces available

    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • Spaces available

    Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.

    We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.