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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.
The organizations are working on a pilot exam they expect to complete in fall 2018.
Online testing will begin in 2019 for the new credential (RIMS-CRMP-FED), which is being developed in response to the Office of Management and Budget Circular A-123, urging federal agencies to implement enterprise risk management to enhance decisionmaking, the RIMS statement said.
“Our relationship with AFERM and the creation of the RIMS-CRMP-FED will provide public sector risk professionals in the U.S. with a credential that spotlights their risk management expertise,” RIMS CEO Mary Roth said in the statement.
“The RIMS-CRMP-FED will instill confidence in government leaders, encouraging them to take the next steps and fully realize the value of a mature ERM program,” AFERM President Peggy Sherry said in the statement.
The Base Erosion and Anti-Abuse Tax provisions in the recently passed U.S. tax bill will negatively affect risk managers organizations’ insurance and reinsurance programs, according to an analysis by the Risk & Insurance Management Society Inc.