![]() These include: analyzing business models, designing organizational risk strategies, implementing risk processes, developing organizational risk competencies and supporting decision-making. ![]() The RIMS-CRMP examination covers five topic areas deemed fundamental knowledge for a proficient risk manager. Designations may require some combination of these, but not all. Maintaining the certification means adherence to a code of ethical conduct and completion of continuing education credits every two years. Certifications require a level of experience just to apply, and passing a certification examination calls for a broader level of knowledge. Why the RIMS-CRMP?Īs a professional certification, the RIMS-CRMP adheres to a slightly higher standard than other industry credentials. That’s why RIMS developed the RIMS-Certified Risk Management Professional certification, or the RIMS-CRMP. But the array of options available can water down the value of any one designation. All add value both to a risk manager’s career trajectory and to the organizations they serve. RIMS, the industry’s leading risk management professional society, also offers a RIMS Fellow (RF) designation.Įarning any of these designations signifies that a risk manager is willing to go the extra mile to become proficient in all threats facing their organizations. Popular credentials include the Associate in Risk Management (ARM), Certified Risk Manager (CRM), Chartered Enterprise Risk Analyst® (CERA), and Chartered Property Casualty Underwriter (CPCU). Other industry and risk management organizations also offer their own designations. Increasingly, universities offer risk management as a dedicated major, and many will allow working professionals to enroll in individual non-degree courses. Options in Education and Professional DesignationĬurrent or aspiring risk managers have a variety of options to expand their professional knowledge and earn additional designations. In addition to expanding scope of knowledge and better preparing today’s risk managers for the exposures of tomorrow, certifications also distinguish candidates in this highly competitive career path. Ongoing education and professional certification have never been more valuable for risk managers. The modern risk manager needs both broad and deep expertise, encompassing a range of internal and external business threats. Managing risk demands expertise beyond purchasing policies or filing claims. “Directors are now also tasked with identifying, preventing and planning for all the risks a company might face, from cybersecurity breaches to a stock market collapse.” Their analysis also acknowledged that the risk manager’s role is expanding beyond traditional insurance-buying functions. CNN projected 10-year job growth at 7 percent. Demand for risk management specialists is expected to go up, with an expected 11,760 new jobs filled by 2018,” the site said.ĬNN Money’s 2017 list of the “ best jobs in America” ranked the role of risk management director in the number two spot, citing above-average pay, high levels of societal benefit and personal satisfaction, and manageable stress levels. ![]() “Vacancies for this career have increased by 29 percent nationwide in that time, with an average growth of 4.84 percent per year. That’s why the job of risk manager has never been more essential, more diverse and more in-demand.Īccording to, the overall job outlook for risk managers has been positive since 2004. Add to those the rapid emergence of new technologies, the ever-expanding realm of cyber risk, tenuous geopolitical relations, rising health care costs, the gig economy… the list of modern-day threats goes on and on. Businesses face traditional worries like economic or market uncertainty, regulatory compliance, supply chain and property exposure.
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