In an increasingly volatile world, geopolitical risks are becoming an unavoidable challenge for banks. A recent RMA Journal article by Joseph Iraci explores how global tensions—such as the U.S.-China rivalry and potential conflicts over critical industries like microchip production—can have far-reaching impacts on banks’ loan portfolios and risk management strategies. As traditional quantitative models fall short in addressing these complex, interconnected risks, banks must adopt more qualitative approaches and consider strategic risk management frameworks. Discover how your institution can better prepare for the geopolitical challenges ahead, read the full article here: https://lnkd.in/gVYQW2rK #GeopoliticalRisk #RiskManagement #RiskAssessment
The Risk Management Association
Financial Services
Philadelphia, PA 38,950 followers
Advance your world.
About us
Founded in 1914, the Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk management principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has over 900 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by over 66,000 individuals located throughout North America, Europe, Australia, and Asia/Pacific. In 2024, RMA and BAI merged to form ProSight Financial Association to offer an even greater level of support to the financial services industry, leveraging RMA’s deep risk expertise and BAI’s strong compliance knowledge
- Website
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http://www.rmahq.org
External link for The Risk Management Association
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Philadelphia, PA
- Type
- Nonprofit
- Founded
- 1914
- Specialties
- risk management, operational risk , market risk, securities lending, regulatory compliance, enterprise risk , and credit risk
Locations
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Primary
1801 Market Street
Suite 300
Philadelphia, PA 19103, US
Employees at The Risk Management Association
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John Carter, CRC
Director, Risk Management Association - Rocky Mountain Chapter Ancora imparo
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Louise Borke
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Dan Washburn
Content Strategist, Editor, and Storyteller. Recovering Journalist and Author.
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Sandeep Kharidhi
CEO | President | General Manager | Chief Product Officer | Association Executive | Business Transformation
Updates
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Join us in Fort Lauderdale, FL for the 2024 RMA Annual Internal Audit Conference! Elevate your impact and influence as you navigate the evolving risks and challenges facing your institution. Featured Keynote Speaker: Victor Calanog PhD CRE FRICS, a expert in commercial real estate economics. As the Global Head of Research and Strategy at Manulife Investment Management, Victor brings a wealth of knowledge and insights to the table. Hear him discuss the latest trends, challenges, and opportunities in his session at the conference, register here: https://lnkd.in/e_q9tQCq #IA2024 #CommercialRealEstate #RealEstateEconomics #RiskManagement #Networking
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As global tensions rise, banks face increasing geopolitical risks that demand proactive management. In a recent RMA Journal article, Roberta F. Brzezinski and Barnaby Fletcher of global risk consultancy Control Risks identify the top five geopolitical issues that should be on every bank's radar over the next 12 months. From the shifting landscape of cyber threats to instability in the Middle East, their expert insights provide invaluable guidance for banks aiming to protect themselves from global disruptions. Stay ahead of the curve and ensure your risk strategies are ready for the challenges ahead. Read the full article here: https://lnkd.in/dD2erfPY #RiskManagement #FinancialRisk #GeopoliticalRisks #FinancialInsights
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Are you prepared for the unique challenges of restructuring non-profit loans? Navigating the complexities of non-profit lending can be a daunting task, especially when it comes to restructuring in times of distress. On September 10, join industry leaders as they unpack the unique credit risks and challenges in restructuring non-profit loans. Gain valuable insights from real-life cases and learn how to manage the reputational and political sensitivities involved. This webcast is essential for any banking professional dealing with non-profit borrowers. Register here: https://lnkd.in/easyesSH Speakers Include: Naomi O'Dell Kathleen Swift Jason Alpert, CRC #LoanWorkout #NonProfit #NonProfitLoans #Banking #RiskReadiness
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Don't get left behind in the ever-changing world of risk. Join us at RMA's Fall Forums and gain the insights you need to stay ahead. Network with peers, learn from industry experts, and discover innovative solutions. Explore and register for all forums being offered here: https://lnkd.in/e8AQccfx #CreditRisk #FinancialServices #RMA #Networking #ProfessionalDevelopment
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In an exclusive RMA Journal interview, Moody's Analytics Chief Economist Mark Zandi shares his insights on the unpredictable economic landscape as we approach a critical fall season. From the potential impact of the upcoming presidential election to the Federal Reserve's next move, Zandi offers a clear-eyed view of the challenges and opportunities ahead. Whether it's the soft landing he predicts for the U.S. economy, the pressures of rising insurance costs, or the geopolitical risks that could shake global markets, Zandi's analysis is a must-read for banking professionals looking to navigate these uncertain times. Read the full interview in The RMA Journal and get ahead of the curve. https://lnkd.in/e72WHjRN #EconomicOutlook #RiskManagment #Economics
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Join the annual RMA Statement Studies and access valuable industry benchmark data. Easily submit your data with our step-by-step guidance. In return, get free online access to the studies and make smarter credit lending decisions. Don't miss out! The deadline is September 1st. Learn more and participate now: https://lnkd.in/eUTfAUhy #StatementStudies #IndustryBenchmark #CreditLending
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Fraud is on the rise, don't get caught off guard. Last chance to join us at our final Internal Audit Seminar Series session to learn how to protect your financial institution. We'll cover the latest trends, regulatory guidance, and best practices. Don't miss out, register here: https://lnkd.in/eb-yge3y Speakers Include: Michael Wegh - (Moderator), Director, Financial Crimes, KPMG LLP Ana Alonso, VP, Internal Audit Financial Crimes, TD Bank, N.A. Ben Mathew, CIA, CAMS, Senior Audit Director Financial Crimes Compliance, Capital One Jennie Jonas, Managing Director, Financial Crimes, KPMG LLP #FraudPrevention #InternalAudit #FinancialServices #RiskManagement
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Join us tomorrow at 1 p.m. ET for “Optimizing Third-Party Risk Management at Community Banks,” an exclusive webcast featuring John Eckert, former director of operational risk at the OCC. With smaller budgets and workforces, community banks often rely heavily on outsourcing, especially for digital banking technology. Eckert will share expert insights on optimizing third-party risk management (TPRM) in the context of the new interagency guide and 2023 TPRM guidance. Key topics include managing TPRM governance routines, distinguishing critical vs. high-risk activities, determining risk category levels, and handling due diligence and ongoing monitoring effectively. Enhance your TPRM strategies with this valuable session! Register here: https://lnkd.in/e4EFDfiG #ThirdPartyRiskManagement #TPRM #CommunityBanking #RiskReadinessWebcast
Optimizing Third-Party Risk Management at Community Banks
rmahq.org
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The U.S. Drug Enforcement Agency's potential reclassification of cannabis from a Schedule I to a Schedule III drug could change how banks service the industry. Senior Editor Michael Bender's latest article in The RMA Journal delves into how this shift might diminish the stigma and risk associated with banking cannabis businesses. With insights from industry experts, the piece explores the evolving regulatory environment, local market dynamics, and the intricate risk assessments needed for banks to navigate this budding opportunity. Click the link to read the article: https://lnkd.in/e5dBUkH3 #cannabisindustry #cannabisregulation #bankingnews #riskmanagement
For Banks, Marijuana’s Reclassification Could Clear a Path to Lending
rmahq.org