Khalid Almofeez is among the very first Saudi nationals to earn the RIMS-CRMP. He discussed his study method and the value the RIMS-CRMP brings to his daily responsibilities leading ERM at American Express Saudi Arabia. He also explained why earning the certification will enhance his career in risk management.
RIMS: What inspired you to pursue a career in risk management from the outset?
Almofeez: When I decided to pursue my bachelor’s degree, my interest was in management information systems. However, during a freshman seminar class at the University of North Texas I was exposed to risk management as a career path. I found it both interesting and challenging, and it changed my direction. I earned my bachelor’s degree in risk management and so far, my risk work has been very fulfilling.
RIMS: Who or what influenced you to study for and earn the RIMS-CRMP?
Almofeez: I was following RIMS and reading its publications while I was earning my bachelor’s degree. Once RIMS introduced the RIMS-CRMP, I knew it was one of the first professional certifications to pursue. In addition, since the RIMS-CRMP holds official accreditation from the American National Standards Institute (ANSI) under ISO/IEC 17024:2012—making it the only risk management certification in the world to hold accredited status—it really motivated me to enhance my professional profile. I’ve always wanted to test my knowledge in the field to the highest levels.
RIMS: How did you study? What special methods did you have?
Almofeez: The RIMS-CRMP Online Exam Prep Course was the start for me in preparing for the exam and I read the suggested texts as well. I previously worked for KPMG in risk consulting, where I was establishing ERM functions, and that experience also prepared me.
RIMS: How does it feel to be among the first Saudi nationals to pass the exam and earn the certification?
Almofeez: It means the world to me. I would suggest it to others in the Middle East, as it will offer the chance for others to get to know RIMS and the value of the RIMS-CRMP. Moreover, I find myself obligated to share details about
recognized and accredited certifications to my peers in the industry.
Now with Vision 2030 led by his Highness, Crown Prince, governance, and risk have become trending topics in public and private sectors. You cannot simply achieve your strategic goals without identifying your risks. I also think it’s very important for everyone participating in this ambitious vision to acquire skills and knowledge in ERM.
RIMS: How can other professionals in your country and region benefit from taking the exam?
Almofeez: Earning the RIMS-CRMP is critical for daily risk responsibilities and enhancing your profile. It would be invaluable to others in Saudi Arabia and the region.
Risk professionals should look into the RIMS-CRMP-FED, since it is the first credential of its kind to focus on ERM in the government and federal organizations. Even though the RIMS-CRMP-FED is applicable to agencies in the U.S. federal government, there are lots of general ideas and processes that can be applied to other agencies outside the U.S. And with the new federal regulations that mandate that all government entities must have a risk management function, I believe the risk professionals in Saudi Arabia—and the region as a whole—will benefit from the credential.
RIMS: What advice do you have for other people preparing for the RIMS-CRMP?
Almofeez: My advice is to give RIMS-CRMP your time and use the resources available on RIMS.org. Also, I would strongly advise everyone to learn about the domains of the exam and read as much as you can from credible resources.
Interview by Justin Smulison, RIMS Business Content Manager