Enterprise Risk Management Programs & Resources

What is ERM?

Enterprise risk management (ERM) is defined as 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. One of the main benefits of ERM is an enhanced perspective and focus on risk management across the institution.  

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 world of banks and financial institutions—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 training courses, programs, and other educational resources tailored to the size and complexity of our member institutions:

ERM Benchmarking Reports & PDFs



    ERM 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 management. 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, November 15, 2018, Philadelphia, PA
    • Credit & Risk Training Managers Round Table, October 16 - 17, 2018, Minneapolis, MN                         
    • ERM Round Table for Mid-Tier Banks, September 25-26, 2018, Minneapolis, MN
    • ERM Round Table for Large Banks, October 1, 2018, New York, NY
    • ERM Round Table (community and regional banks), November 4, 2018, National Harbor, MD

    Regulatory Guidance (Must be an RMA Member to Access)

    Enterprise Risk Management Tools & Workbooks

    • Board Governance and Reporting Workbook
    • Risk Appetite Workbook
    • Scenario Analysis and Stress Testing Workbook for Community Banks
    • Risk Measurement, Evaluation, and Communication Workbook New

    Not yet a member of RMA? 

    Read more about the  benefits of membership and the  different types of membership we offer.

    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.