01 Sep FERMA Framework
The ‘Federation for European Risk Management Associations’ (FERMA) has agreed a framework for the certification of European Risk Managers. The programme will provide certification of the professional competences and experience of individual risk managers, and accreditation for the risk management programmes of education bodies. Certification will be supported by a requirement for continuous professional development and a code of ethics. FERMA’s aim is to start accepting applications for certification from risk managers and accreditation from education providers in 2015, with the birth of a new designation, ‘European Certified Risk Manager’. The scheme, agreed by the FERMA general assembly, comprises three parts:
- the general framework and content of certification based on four pillars (i.e. knowledge, experience, continuous professional development and ethics);
- the governance structure; and
- the business model, including funding and the value proposition for users.
FERMA believe that Risk Managers will benefit from professional recognition across Europe, job portability and assurance they will drive their company risk management function on the basis of the best practices. Education bodies will be able to leverage being recognised by the profession to promote accredited programmes in risk management.