white paper

RIMS Risk Management Professional Core Competency Model

April 6, 2017

The core competency model was recently redesigned and re-released by the Risk and Insurance Management Society (RIMS), with key contributions coming from the Rising Risk Professionals advisory council and the Enterprise Risk Management Committee.

This model can be used by RIMS members for position definition, professional development, communication and many other purposes.

It is a dynamic rather than static model to be reviewed every two to four years as business and risk management environments change. The model consists of key skills and knowledge that will help a risk manager thrive. The diagram represents different skill sectors and does not connote different levels of importance or an evolution in an individual risk manager's expertise.

Following the model is a description of the individual skills.

Risk managers of all levels must know their own industry dynamics, its economics, operations, staff, customers, competitors and other business partners and stakeholders.

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About RIMS


RIMS, the  risk management society®️, empowers risk professionals to make the world safer, more secure, and more sustainable. Through networking, professional development, certification, advocacy, and research, RIMS and its 80 chapters serves more than 200,000 risk practitioners and business leaders from over 75 countries. Founded in 1950, the Society publishes the award-winning Risk Management Magazine and produces RISKWORLD®️, the largest annual gathering of global risk professionals. RIMS embraces diversity, equity and inclusion and welcomes all risk professionals to connect and learn, explore the online Risk Knowledge library, tune into the RIMScast podcast series, and engage via LinkedInTwitter, and Facebook. To learn more, visit www.RIMS.org.

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