FERMA agrees plan for European certification of risk managers

The General Assembly of the Federation of European Risk Management Associations (FERMA) has agreed a framework and funding to create European certification for risk managers.

It will include certification of the professional competences and experience of individual risk managers as well as accreditation for the risk management programmes of education bodies. Certification will be supported by a requirement for continuous professional development and a code of ethics.

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 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.”

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 recognition from the profession will enable education bodies to promote accredited programmes in risk management.

“We have built the foundations for recognition of risk managers as a respected, structured and mature profession among other global professions,” added Dennery.

FERMA is aiming to start accepting applications for certification from risk managers and accreditation from education providers in 2015.

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