Risk Management Association (RMA)

Definition

Risk Management Association (RMA) is a professional organization dedicated to enhancing risk management practices in the financial services industry. It provides resources, education, and networking opportunities for professionals involved in risk management, including credit and operational risk.

5 Must Know Facts For Your Next Test

1. RMA offers certification programs that validate expertise in risk management.
2. It publishes reports and studies on best practices in managing trade credit and working capital.
3. Membership in RMA includes access to exclusive tools that help financial institutions manage risks more effectively.
4. RMA organizes conferences and seminars focusing on the latest trends and challenges in risk management.
5. The association collaborates with other industry bodies to promote standardized risk assessment methodologies.

Review Questions

• What type of resources does the Risk Management Association provide for professionals?
• How does the RMA contribute to the field of trade credit and working capital management?
• What are some benefits of being a member of the Risk Management Association?

Related terms

Trade Credit:

A financing arrangement where suppliers allow customers to purchase goods or services on account.

Working Capital:

The difference between a company's current assets and current liabilities, representing short-term financial health.

Credit Risk:

The possibility that a borrower will default on their debt obligations.