CISI Diploma in Investment Operations

The CISI Diploma in Investment Operations is designed for operations or administration staff in financial services companies. Completing this Diploma will boost your professional and technical expertise – and pave the way for rapid career progression.

Studying for this Diploma will enable you to specialise in operational risk areas and aspects of custody and settlement at a higher level.

Key Information

  • BPP is a CISI accredited training provider
  • Classroom or online study modes available
  • Comprehensive revision aids
  • Experienced full-time tutors with industry experience
  • Flexible modular pathway to full CISI Diploma
  • Training centres in London and Edinburgh
  • Fantastic online and printed study materials

A solid technical foundation

The CISI Diploma in Investment Operations equips you with a sound technical knowledge of operational support functions in the UK. By completing this qualification you will demonstrate your commitment to your career and your professional development.

To obtain the CISI Diploma in Investment Operations, you must complete three modules.

  • Module 1: You begin by taking one of the technical IOC modules – either Global Securities Operations (GSO) or Operational Risk (OR). 
  • Module 2: This is followed by either the Advanced GSO or the Advanced OR to achieve the Advanced Certificate in GSO or OR. 
  • Module 3: The third module is the Global Operations Management (GOM) Diploma.

Flexible pathway

BPP takes a flexible, student-centric approach to learning. So we provide training and materials for both of the available pathways that lead to a CISI Diploma in Investment Operations.

The two pathways are:

  • You sit the Investment Operations Certificate (IOC) first, followed by a CISI Advanced Certificate. 
  • You complete the full CISI Diploma in Investment Operations, by undertaking the Global Operations Management Diploma paper.

Outstanding course materials

Whichever pathway to the Diploma in Investment Operations you choose, you’ll find that our course materials are clear, concise and focused. These include study texts and guides, course slides, tutor support, exam tips, practice exams and review exercises.

After the CISI Diploma in Investment Operations

After completing the CISI Diploma in Investment Operations you can extend your professional qualifications by booking onto one of BPP’s professional development courses.

You can also sit two further papers to gain a full CISI Diploma

Dates and prices

Details of our classroom course dates and prices and our Distance Learning options can be found below:

Module 1 - Technical

In order to complete Module 1, you must take either the IOC Global Securities Operations or the IOC Operational Risk qualification.

Global Securities Operations (GSO)

The aim of this module is to ensure that candidates have an introduction to global securities services and administration as far as this relates to the needs of operations and administration staff.

To gain an appreciation of this subject we will need to study the characteristics of securities, examine who are the main industry participants, understand settlement characteristics and have knowledge of other investor services. Finally, it will also be necessary to have a grasp of those aspects of taxation and risk that affect global securities operations.

Operational Risk (OR)

The aim of the module is to ensure that candidates have an understanding of operational risk as it relates to the needs of operations and administration staff.

After a brief introduction to the subject, this technical module will investigate what credit, market and operational risks are. It will look at the causes and effects of operational risk and the operational risk cycle. It will then go on to study support and control functions, integrated risk management as well as achieving common standards and protection.

Visit the IOC™ pages for further details

Module 2 - Advanced Certificates

Operational Risk or Global Securities Operations

The Advanced Certificates build on the level of knowledge in the first stage and are suitable for individuals operating in roles where an understanding of operational risk issues will be of benefit. These roles include both front and back office staff at supervisory and manager level, who already have a working knowledge of operational risk issues that affect their own business environment.

See the IOC™ pages for further details.





















Module 3

Global Operations Management

This CISI Diploma paper provides you with an understanding of operations and settlement procedures, from a management perspective. You will learn how to service effectively the operational and settlement needs of a firm and its clients.

See the CISI Diploma for further details.


























Flexible learning

At BPP, your exam and career success is our priority. So we offer a range of study options, high-quality study materials as well as comprehensive support from our expert tutors.

You can study for parts of this Diploma in Investment Operations via online classroom live, whilst other elements can be taken at your own pace via online classroom.

Studying for Module One

You can study for Module One (IOC Operational Risk; IOC Global Securities Operations) via online classroom live and online classroom. We can also arrange tailored courses for company training for this first module.

Studying for Module Two

Taught classroom and online classroom are not available for Module Two (Advanced Operational Risk and Advanced Global Securities Operations). You will be assessed for these Advanced units by written exam, available in June and December. We would ask you to contact the CISI directly.

Studying for Module Three

Taught classroom study is not available for Global Operations Management. This module is assessed by written exam, available in June and December. We would ask you to contact the CISI directly.



Study locations

You can study for parts of the CISI Diploma in Investment Operations face-to-face at any one of the following study centres. Each centre offers state-of-the-art facilities and comfortable, high-quality classroom environments.


All teaching for the Advanced GSO, Advanced OR and the GOM Diploma is via distance learning.

Tailored, in-house training

Our in-house service can be a cost effective and convenient way for staff to train for the CISI Diploma in Investment Operations. To find out how we could support your team, email in-house@bpp.com