Lending to nonprofit organizations comes with unique challenges, requiring a careful balance between financial recovery and reputational risk. In a recent Insider Q&A, Naomi O'Dell, managing director of the debt restructuring group at Raymond James, shares insights from her two decades of experience in nonprofit finance, focusing on the heightened credit risks and restructuring complexities in sectors like healthcare and education. With tips on strengthening initial lending terms and managing distressed loans, O’Dell offers practical advice for banks. Learn more here: https://lnkd.in/gP6G5vjE #NonProfitLending #FinancialRecovery #CreditRisk
The Risk Management Association
Financial Services
Philadelphia, PA 39,117 followers
Advance your world.
About us
Founded in 1914, the Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk management principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has over 900 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by over 66,000 individuals located throughout North America, Europe, Australia, and Asia/Pacific. In 2024, RMA and BAI merged to form ProSight Financial Association to offer an even greater level of support to the financial services industry, leveraging RMA’s deep risk expertise and BAI’s strong compliance knowledge
- Website
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http://www.rmahq.org
External link for The Risk Management Association
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Philadelphia, PA
- Type
- Nonprofit
- Founded
- 1914
- Specialties
- risk management, operational risk , market risk, securities lending, regulatory compliance, enterprise risk , and credit risk
Locations
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Primary
1801 Market Street
Suite 300
Philadelphia, PA 19103, US
Employees at The Risk Management Association
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John Carter, CRC
Director, Risk Management Association - Rocky Mountain Chapter Ancora imparo “Quintessential tailored banking” 💲
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Louise Borke
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Dan Washburn
Content Strategist, Editor, and Storyteller. Recovering Journalist and Author.
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Sandeep Kharidhi
CEO | President | General Manager | Chief Product Officer | Association Executive | Business Transformation
Updates
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As IT risks grow more sophisticated, the strategies to mitigate them must evolve just as quickly. Join us on October 10 for an in-depth webcast, Navigating IT Risks in the Digital Age: A Focus on Cybersecurity and Regulatory Compliance. KPMG’s Matthew Miller and David DiCristofaro will focus on how to future-proof your organization by addressing challenges like regulatory compliance across multiple jurisdictions and the rise of generative AI. Explore insights from KPMG’s Cyber Security Survey Report and learn how to integrate advanced cybersecurity measures into your broader risk management strategy. If your organization is serious about managing the risks of digital transformation, this session is a must. Register here: https://lnkd.in/gBpP7c-q #Cybersecurity #RiskManagement #ITSecurity #Compliance
Navigating IT Risks in the Digital Age: A Focus on Cybersecurity and Regulatory Compliance
rmahq.org
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Ready to level up your internal audit career? Join us at the 2024 RMA Annual Internal Audit Conference! Dive deep into the latest trends, network with industry leaders, and earn up to 18 NASBA CPE credits. Register now to secure the early bird rate before October 8th, https://lnkd.in/e_q9tQCq #IA2024 #InternalAudit #AI #Cybersecurity #RiskManagement
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With skyrocketing premiums and reduced availability, the current insurance market is putting pressure on borrowers—and banks are feeling the effects. A recent RMA Journal article outlines three strategies banks can use to manage the risks associated with unaffordable or unavailable insurance. From refining underwriting practices to closely monitoring insurance certificates, these approaches are critical in today's environment. Learn how the rising price of insurance is reshaping the banking landscape and what steps banks can take to protect their portfolios. Read the full article here: https://lnkd.in/gbXaneQB #InsuranceCrisis #InsuranceAvailability #FinancialRisk #Banking
Three Ways Banks Can Address the Risks of Unaffordable and Unavailable Insurance
rmahq.org
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We are proud to celebrate our chair of the board, Jodi Richard, who has been named one of American Banker’s 2024 Most Powerful Women in Banking. Jodi has been a dedicated member of RMA’s Board of Directors and other councils over the years. Her dedication to risk management in the financial industry is truly inspiring. Congratulations Jodi on this incredible achievement!
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Curious about how banks can harness the power of generative AI while mitigating the risks? Tomorrow, Dushyant Singh Sengar, author and technology expert, will outline a roadmap for responsible AI governance in the webcast “Look Before You Leap: Establishing a Governance Framework for AI at Your Bank.” From policy creation to risk management, this session will focus on building the guardrails necessary to safely scale AI technologies. Whether you're exploring AI applications or enhancing your existing framework, this webcast offers essential insights to ensure AI success at your institution. Register here: https://lnkd.in/gEgfwbRS #GenerativeAI #AIGovernance #RiskManagement #Banking
Look Before You Leap: Establishing a Governance Framework for AI at Your Bank
rmahq.org
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With the Basel III Endgame proposal still under debate, banks are closely watching how its sweeping changes could impact operational risk management. A recent RMA Journal article explores the proposal’s potential effects, particularly the shift from internal models to standardized approaches for calculating operational risk capital. As the industry faces increased capital requirements, understanding and measuring operational risk will be more critical than ever. Learn how these changes could reshape the landscape and why many are calling for revisions to the current proposal before it’s finalized. Read the full article here: https://lnkd.in/gfpQBGGq #BaselIII #OperationalRisk #RiskManagement #FinancialRegulation #BankingIndustry
Basel III and Its Potential Effect on Operational Risk Management
rmahq.org
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Don't miss your chance to elevate your internal audit career at the 2024 RMA Annual Internal Audit Conference in Fort Lauderdale! Join keynote speaker Theresa "Terry" Grafenstine, IIA's Global Board Chair, as you learn how to drive innovation, mitigate risks, and enhance your institution's performance. Don’t wait, register now: https://lnkd.in/e_q9tQCq #IA2024 #InternalAudit #AI #Cybersecurity #RiskManagement
2024 Internal Audit Conference | RMA
rmahq.org
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Generative AI is reshaping the banking industry, offering new opportunities to enhance efficiency and service. But without the right governance in place, these advancements can quickly become liabilities. Join Dushyant Singh Sengar, author and technology expert, on September 26 for an essential webcast, "Look Before You Leap: Establishing a Governance Framework for AI at Your Bank." Discover how to build a responsible AI program with the policies, processes, and guardrails needed to manage risk effectively. Learn about key AI use cases, enterprise framework upgrades, and best practices for ensuring security and consistency. Don't miss out, register here: https://lnkd.in/gZZJ6n57 #GenerativeAI #AIGovernance #RiskManagement #Banking
Look Before You Leap: Establishing a Governance Framework for AI at Your Bank
rmahq.org
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Want to stay ahead of the curve in 2025? Our Annual Risk Management Virtual Conference has you covered! The agenda for this year’s conference is now available here: https://lnkd.in/gpUz6S5z Learn from industry experts, earn CPE credits, and network with peers. Register here: https://lnkd.in/gYT2ZMhe #Annual2024 #RMAConferences #CreditRisk #RiskManagement