RIMS in ASEAN
With strong support from Singapore’s risk management community, key industry and professional bodies including government agencies such as the Monetary Authority of Singapore and Singapore Accountancy Commission, RIMS formed its Singapore Regional Advisory Group in 2017. The group comprises local risk professionals who volunteer their time and expertise to provide insight on regional trends impacting the profession. Additionally, the Regional Advisory Group helps the Society identify opportunities to further advance the profession and has been instrumental in promoting regionally-relevant products, services, knowledge, as well as developing programming for several in-person networking and education events.
RIMS completed its registration in Singapore in 2018 and employed one consultant there to represent the Society in the ASEAN region. At the onset, 20 members of the Singapore Ministry of Home Affairs joined RIMS as Professional Members.
RIMS efforts in Singapore include collaboration with higher-education institutions. RIMS has partnered with Nanyang Technological University to support the university’s development of Enterprise Risk Management courses that align with the RIMS-CRMP Certification. In 2017, Nanyang Technological University undergraduates were finalists in the 2017 Spencer RIMS Risk Management Challenge that took place at the RIMS Annual Conference & Exhibition in Philadelphia. Together, Nanyang University and RIMS hosted an inaugural RIMS-CRMP certification preparation course in 2018 supported by the SkillsFuture Framework.
RIMS has collaborated with Singapore Management University to develop an Enterprise Risk Management course based on the RIMS-CRMP Certification as well. The first intake took place in May of 2019.
In 2020, the inaugural class of Singapore risk professionals received their RIMS-CRMP certification, the only accredited risk management certification in the world. Singapore now has the highest number of certificate holders outside of North America.
Other Milestones and Accomplishments in Singapore:
- RIMS is a sponsor of the Strategic Risk inaugural Risk Management Awards (2018).
- RIMS contributed to the development of the SkillsFuture Framework for ERM with the Singapore Accountancy Commission (2018).
- RIMS was a supporting partner to Asia Insurance Review’s 4th Asia Cyber Risk Summit (2019)
- RIMS contributed to Asia Insurance Review’s prestigious Annual Industry Awards, with a RIMS Board Director serving on the judging panel (2019, 2020)
- RIMS co-organized a Masterclass with Singapore Computer Society. Over 100 professionals attended (2019)
- RIMS contributed to the development of ISO risk management standards as part of the standards working group in Singapore (2021)
Managing Risk in Times of Uncertainty
Launch of SS IEC 31010:2021 & Promotion of SS ISO 31000:2018
In this fast-changing environment, it is essential to have robust risk management processes in place. The ISO/TC 262 'Risk Management' develops international standards in risk management to support organisations in all their activities, including making decisions to manage and minimize the effects of accidents, disasters and faults in technical systems as well as response and recovery from major disruptive risks. Join us for this seminar on 22 November 2022 to learn more about these international standard published by ISO/TC 262 and adopted as Singapore Standards. Download the event details here.
ERM Q&A Interview with Roland Teo
Roland Teo, RIMS-CRMP, Head of RIMS Singapore/Southeast Asia Regional Advisory Group, discusses the evolution of ERM in the region and the keys to being an effective risk manager.
RIMS-Certified Risk Management Professional Exam Prep Resources*
Prepare to take the exam and learn what happens after obtaining your certification.
Singapore Management University Academy Enterprise Risk Management Program
RIMS-CRMP Prep Workshop | Online | Learn More
The SMU Academy Enterprise Risk Management Program is designed and developed by established industry subject matter experts, practitioners of governance, risk management and compliance. This program is aligned to global best practices and the RIMS-Certified Risk Management Professional (RIMS-CRMP) program and also provides a road map for participants to progress in their career paths through the RIMS-CRMP certification route. The SMU Enterprise Risk Management program is application focused and the curriculum is supplemented with real Asian case studies.
Nanyang Technological University (Singapore)
Nanyang Enterprise Risk Management | In-Person | Learn More
Nanyang Enterprise Risk Management (Nanyang ERM) is an intensive program, designed to help executives deepen their knowledge and skills in ERM concepts, processes, tools and frameworks. The program enables management and executives to adopt a holistic view of risk exposure and improve the alignment between strategy, risk and performance of an organization.
*Taking a workshop or preparation course is not a mandatory requirement for the RIMS-CRMP examination. Participating in a course does not guarantee a passing score on the RIMS-CRMP exam.
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