Sixty-five U.S. government officials have earned a new enterprise risk management credential offered by the Risk and Insurance Management Society Inc.
The new credential, known as RIMS-CRMP-FED, was developed in response to the Office of Management and Budget Circular A-123 that urges federal agencies to implement enterprise risk management to enhance decision-making, RIMS said in a statement on Tuesday. The circular was released in July 2016.
RIMS administered a pilot exam on Sept. 29, with testing available online beginning in 2019, according to the statement.
“Government agencies are under extreme pressure to make critical decisions that directly impact the lives of their constituents, individuals and families in need and many other special interest groups,” Peggy Sherry, president of the Association for Federal Enterprise Risk Management, said in the statement. “With the RIMS-CRMP-FED, enterprise risk management professionals working in our federal government can proudly confirm their specialized skill set and deliver pertinent information that facilitates confident decision-making.”
“A strong enterprise risk management program, led by a strong risk professional, can not only help identify emerging risks but, also make important connections across the entity to more strategically address them,” Annette Homan, RIMS chief operating officer, said in the statement.
The Risk Management Society and the Association for Federal Enterprise Risk Management are creating a credential for the RIMS-Certified Risk Management Professional certification, RIMS said in a statement Monday.