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About RMA Australia

The Risk Management Association (RMA) is the premier association for risk management professionals in the financial services market. It is a not-for-profit, member-driven professional association dedicated to advancing the use of sound risk principles in an enterprise approach to risk management. As such the exists to benefit professionals and institutions engaged in credit risk, operational risk, market risk and compliance risk practices.

The key objective of the RMA is to further the ability of its members to identify, assess and manage the impacts of risks on their businesses and customers, through an array of events, educational programs and resources geared to financial risk management professionals at every stage of their careers. In addition, the RMA offers its members exceptional networking opportunities with industry peers.

The RMA represents a wide cross section of Australia's financial market sector; including banking and finance, professional advisory services, business information providers, regulatory and supervisory agencies.

As the RMA does not lobby or limit its membership to a particular specialist practise of financial risk management, it has a strong relationship with its institutional members and industry regulators that allows it to take a collaborative and inclusive approach to:

• promoting industry wide best practice and techniques;
• providing respected input on industry standards and regulation; and
• pursuing a balanced approach to the synergies that exist between institutions and their customers.

The integrity and independence of the RMA provide a forum where the most respected perspectives and applications of responsible financial risk management are expressed, explored and developed for the good of the risk management community as a whole.

Background

Robert Morris Associates was founded in the US in 1914 to help commercial bankers make better lending decisions through the exchange of credit information. In July 2000 the name changed to the Risk Management Association to more accurately reflect the groups expanding commitment to risk management best practices.

Today the RMA is the only association that specialises in promoting effective and prudent risk management practices for institutions of all sizes, across the entire financial services industry.

The US headquarters of the RMA, based in Philadelphia, support approximately 3,000 institutional members globally and has over 18,000 individual members in numerous locations across America, Canada, UK, Hong Kong, Singapore and Australia.

RMA Australia, although affiliated with RMA HQ, is governed and operated as an independent chapter that was incorporated in February 2004 to represent members at a national level. RMA Australia has since established itself as a robust and authoritative local voice in the global risk management community.