Ferma launches pan-European risk management certification project

A working group led by three Ferma board members, Vice Presidents Michel Dennery and Julia Graham, and Igor Mikhaylov, are working on a plan to present to the 2012 Ferma Seminar in Versailles on October 22-23. Ferma said this week that it hopes that the certificate will provide independent confirmation that the holder has a high level of knowledge and experience in risk management. This has so far been ‘challenging’ to achieve said the federation in a statement. Ferma said that the aim of the plan is to put risk management on a similar standing to other professions such as law and accounting.hideThe working group plans to involve Ferma's national member associations and other education providers to create two types of certificate: professional and specialist. The federation said this week that the certification would be experience-based and include evidence of risk managers previous professional development and education. Specialist certification would involve formal education and examination by accredited organisations, it explained. The professional certificate will be aimed at risk managers who already work at a senior level. The specialist certificate would be aimed at risk managers who are at an earlier stage in their careers or individuals who have risk management as part of a wider role. Ferma President Jorge Luzzi said: "Ferma has had many requests for a programme like this. We have received great support from our member associations, and we are confident that this will be one of the most important projects that Ferma has ever been involved in. The working group, elected from our board members, is approaching it very seriously and with a lot of energy and enthusiasm. "Our idea is that Ferma will lead the project, but we will strongly maintain communication, support and commitment with our members, the national associations," he added. Mr Dennery commented: "Risk management is on the top of the expectations of boards and stakeholders: legislators, shareholders, regulators and the public. This is an opportunity for Ferma to enhance the status of risk managers through the creation of transparent and objective verification of professional standards." Ms Graham added: "The profession is now ready to raise its professional bar. However, professional recognition is not a gift–it must be earned and there must be evidence that any award is justified. To date no certification for risk managers has crossed geographic boundaries or been at a pan-European level, so this is not only an important, but a ground-breaking project." Igor Mikhaylov said: "Ferma is responding to the highest ever demands for formal recognition of the risk management profession. To be recognised as professionals, risk managers need to demonstrate extensive theoretical knowledge, the skills required to implement it in practice and experience at strategic and operational levels. We are very well positioned as an independent, recognised central authority for certification of professional knowledge and skills." Mr Mikhaylov added that in this way, Ferma will contribute to the development of professional standards supported by suitable training programmes and support the national associations by providing an opportunity to attract new members.

Ferma launches pan-European risk management certification project

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