FERMA Agrees to Plan for European Certification of Risk Managers

July 10, 2014

The general assembly of the Federation of European Risk Management Associations (FERMA) announced that it has agreed a framework and funding to create European certification for risk managers.

“The program will provide certification of the professional competences and experience of individual risk managers and accreditation for the risk management programs of education bodies,” said the announcement. “Certification will be supported by a requirement for continuous professional development and a code of ethics. FERMA’s aim is to start accepting applications for certification from risk managers and accreditation from education providers in 2015.”

FERMA President Julia Graham commented: “This is one of the most important projects that FERMA has ever undertaken. We know there is a great appetite for certification, and it will be a key achievement for FERMA and for our member associations with whom we have engaged and worked on this project closely.”

The General Assembly also agreed for funding from FERMA’s reserves for the development and implementation phase of the project, which will run on a not-for-profit basis.

FERMA Vice President Michel Dennery, who is chairman of the certification steering committee, said: “A new designation is born: European Certified Risk Manager. We can be proud of that we will be providing one of the first pan-European recognitions of a profession, and one that will be a benchmark for other risk managers’ professional bodies worldwide.”

The bulletin noted, and gave thanks to, the steering group “representatives of our member associations being involved in the development including AIRMIC, AGERS, AMRAE, BELRIM, DARIM, DVS, NARIM, POLRISK, RUSRISK, SI-RISK, and SWERMA, FERMA board members and FERMA team. Together we have built the foundations for recognition of risk managers as a respected, structured and mature profession among other global professions.”

The scheme agreed by the FERMA general assembly has three parts, as follows:
— The general framework and content of certification based on the four pillars of knowledge, experience, continuous professional development and ethics;
— the governance structure;
— the business model, including funding and the value proposition for users.

In addition FERMA pointed out that “risk managers will benefit from pan-European recognition, job portability and the assurance they will drive their company risk management function on the basis of best practices, while education bodies will be able to leverage being recognized by the profession to promote accredited programs in risk management.”

Serving on the steering committee with Michel Dennery is Julia Graham, with two further FERMA board members, Isabel Martinez and Jo Willaert, who is also a FERMA Vice President; Executive Director Florence Bindelle, Secretary General Pierre Sonigo and Scientific Adviser Marie Gemma Dequae. FERMA also indicated that it will “continue to involve its member associations closely in the development and implementation of the project now that the framework has been agreed.”

Dennery added: “We know that all the detail is not yet in place. This is an ongoing process over several years which we will do in partnership with our members. Personally, I have long wished for the risk management profession to provide itself with values and standards to help ensure that risk competences at a high level are disseminated through organizations. Certification will enable us to support governance bodies and top management with the level of confidence that they need to have an accurate picture of risk taking and the best advice for mitigation and strategic planning.”

Source: Federation of European Risk Management Associations (FERMA)

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