Enterprise Risk Management

Enterprise risk management (ERM) is an organization’s enterprise risk competence—the ability to understand, control, and articulate the nature and level of risks taken in pursuit of business strategies—coupled with accountability for risks taken and activities engaged in, which contributes to increased confidence shown by stakeholders.

The basic concept of enterprise risk management has been applied, more or less, in several industries for well over a decade. The changing regulatory environment, economic turmoil, and growing complexity of products, tools, and risks has, among other influences, helped to launch the practice of enterprise risk management into the financial services area. In this respect ERM—in the banking world—is very much in its early development, though much progress has been made.

By definition, the business of banking exposes the organization to a wide variety of risks. The ERM framework is designed to support the depth and breadth of activities by providing a structured approach for identifying, measuring, controlling, and reporting on the significant risks faced by an organization. Specific risk management (e.g., credit, operational, market), capital management, and liquidity management provide the essential underpinnings to an ERM framework.

RMA provides practical ERM guidance to members by offering an array of products and services tailored to the size and complexity of our member institutions:

What is ERM?

Benchmarking Services and Studies

Council

Events

    Executive Education

    Round Tables

    RMA round table meetings provide an exceptional opportunity for you to meet with peers from other financial institutions to discuss important issues in enterprise risk.  Many of your colleagues already attend round table meetings developed and facilitated by RMA, and they often comment that it is the best meeting they attend all year because of the open, participant-led discussions and sharing of ideas and best practices.

    While participation is by invitation (to ensure quality of discussion among participants having common interests), RMA and the steering committees for these events would like to ensure that members of the RMA community are aware of the round tables that are coming up.  Please share this schedule with your colleagues:

    • Chief Data Officer Round Table, May 24 - 25, Charlotte, NC
    • Credit & Risk Training Managers Round Table, September 21 - 22, Charlotte, NC
    • Pre-Provision Net Revenue Round Table, October 25 - 26, Atlanta, GA
    • ERM Round Table, November 2 - 3, Atlanta, GA
    • Board of Director's Risk & Audit Chairs Round Table, November 14, Dallas, TX

    Regulatory Guidance (Must be an RMA Member to Access)

    Workbooks 

    • Board Governance and Reporting Workbook
    • Risk Appetite Workbook
    • Scenario Analysis and Stress Testing Workbook for Community Banks 

    Comments or questions relating to enterprise risk management within RMA may be addressed to Mark Zmiewski, Director, Enterprise Risk & Product Management or Stacy Germano, Associate Director, Enterprise Risk & Product Management.

    Related Products and Services

    Enterprise Risk Management Tools & Workbooks

    Access a variety of enterprise risk management workbooks from RMA on topics like risk appetite, stress testing and scenario analysis, and governance and policies.

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    Risk Analysis Service

    Get a never-before-available look at the performance and composition of portfolio risk with the Risk Analysis Service from RMA.

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