FERMA Plans Certification Scheme for European Risk Managers

The Federation of European Risk Management Associations (FERMA) is to develop a definitive plan for the European certification of risk managers, which it expects to be ready to launch in September 2013.

FERMA first revealed in June 2012 that it was considering a certification project and over the next 11 months, the working party will discuss the scheme with FERMA’s 22 member associations and possible education providers and project managers.

“For European companies, it is important that their risk manager has European recognition,” said FERMA vice president and working party member, Michel Dennery. “Certification can provide an indication to a company that its risk managers are competent to a recognised level which is in turn compliant with best practice of different risk management disciplines across Europe.”

“There are already many courses and qualifications in risk management, but they are at different levels and cover different countries and different aspects,” added working party and FERMA board member, Julia Graham. “Nothing currently exists that provides a consistent benchmark of competence for risk managers across Europe.”

The working party has already agreed that FERMA will not organise education courses itself. Its role will be to confirm that the risk manager has achieved a high level of professional competence and skill.

Further details will be revealed at a presentation during FERMA’s next risk management forum, to be held in Maastricht in the Netherlands from 29 September to 2 October 2013. The presentation is most likely to propose European certification at two levels: confirmation of competence in risk management for newer entrants into the profession, and a full recognition of competence and experience for more senior risk managers.

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