Enterprise risk management (ERM) is a framework to reduce earnings volatility through a robust risk governance structure and strong risk culture, supported by sound risk management capabilities. It is the 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.
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In the past, managing the credit portfolio was considered good risk management. But in today's broader, more complex environment, best-practice institutions understand that they need to measure and manage risk across the entire enterprise. We recognize that managing credit risk is essential to enterprise-wide risk management, so we offer products and services to institutions and individuals involved in retail, commercial, and corporate credit risk. RMA is the premier provider of commercial credit education and information.
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RMA serves market risk practitioners at both the larger-institution and smaller-institution levels.
For larger institutions—where market risk management and its related technologies are well known and mature—RMA provides peer sharing and professional development opportunities through round tables in North America and Europe. RMA also undertakes surveys, benchmarking studies, and best practice papers.
For smaller institutions—where the market risk function is part of the asset/liability management process—RMA offers beneficial training through both open-enrollment and Web-based courses. The RMA Journal® also regularly carries articles on market-risk-related topics.
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Operational risks exist in every financial organization, regardless of its size, in any number of forms including hurricanes, blackouts, computer hacking, and organized fraud. Managing those risks—however big or small—is critical to an organization’s success.
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With a finger on the pulse of the financial services industry, RMA acts as a liaison between institutions and bank regulatory agencies to bring you the latest updates, meeting often with industry regulators to discuss issues of mutual concern. Of particular interest for members only is the Regulatory Insider, detailing the latest information coming from “inside the beltway.” Consider it your D.C. insider. It includes the full text of the Dodd-Frank Act, a recent letter from RMA to the Securities and Exchange Commission regarding the Proposed Rules for Implementing the Whistleblower Provisions of the Dodd–Frank Act, and much, much more.
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Credit and lending professionals like yourself can follow a natural progression of courses that will help you grow into a seasoned industry expert. As a result, your employer knows that you can not only make sound credit and lending decisions, but can also understand the thinking behind the numbers.