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The Risk Management Association

The Risk Management Association. Membership. The Risk Management Association. Individual. Membership Types. Institutional. There are two types of RMA Membership:. Institutional Membership.

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The Risk Management Association

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  1. The Risk Management Association

  2. Membership The Risk Management Association

  3. Individual Membership Types • Institutional There are two types of RMA Membership:

  4. Institutional Membership • Banks, thrifts, investment banks, insurance companies, regulatory and supervisory authorities, government and quasi-government entities. • Canadian credit unions, but not U.S. credit unions. • Dues based on the total assets of the institution.

  5. Individual Memberships

  6. Individual Memberships (cont.)

  7. The Risk Management Association Benefits of Membership

  8. Institutional Membership Benefits • Two individual Associate memberships: Senior and Alternate. • Annual Statement Studies. • RMA member pricing on all products and services for entire organization. • Industry best practices. • Invitations to specialized round tables.

  9. Individual Membership Benefits • Associate member pricing. • RMA Journal subscription/digital Journal. • Free downloads of articles and study packs. • Regulatory Insider – regulatory and industry updates. • Member roster*. • Free downloads of studies (surveys). • Opportunity to serve on a local or national board, council, or committee.

  10. Chapter Tips: Membership Recruitment The Risk Management Association

  11. Chapter Tips: Types of Membership • Institutional membership does not automatically make you an individual (associate) member. • Professional members provide diversity, expertise, and networking opportunities. • Academic and student memberships can build nontraditional connections with the educational community. • TIP: Individual memberships of all types are an under-utilized opportunity for most chapters (low-hanging fruit).

  12. Chapter Tips: Membership Campaign • Ongoing throughout the year. • Use as a motivational tool. • Offer local incentives. • Use board member contacts. • Work closely with RMA HQ and your Regional Manager.

  13. Chapter Tips: Recruitment Tools and Tips 1 5 2 Consider a broader geographic base Identify unreached institutions. Offer a complimentary meeting to nonmembers Focus on institutions with increased attendance. Consider nonmember banks who have recently hired a former RMA Associate 4 3

  14. The Risk Management Association Chapter Tips: Membership Retention

  15. Information and Communication • Information is powerful. • Communicate with members regularly. • Publish regular newsletters to communicate key chapter activities and recognize members. • Use various channels of communication. • Use the slide deck at chapter meetings to communicate information about RMA.

  16. Personal Touch • Make your members feel important and appreciated. • Recognize members in newsletters or at meetings. • Develop a “new member’s welcome packet.” • Make sure members know the key chapter personnel/officers. • Assign board members to personally welcome new members at chapter meetings.

  17. Personal Touch • Involve members as much as possible. • Programs need to focus on relevant topics/speakers. • Conduct periodic surveys of members to insure that their needs are being met. • Listen to suggestions from the members.

  18. The Risk Management Association RMA Member-Get-a-Member Program

  19. RMA Member-Get-a-Member Program • Members recruiting new members. • All Associate and Professional members are eligible. • Enroll to become a liaison: • Form available in brochure. • Or register online. • New member must fill in the “referred by” line on the application.

  20. RMA Member-Get-a-Member Program (cont.) • Program runs from August 1 through June 30. • Different award levels based on number of recruits. • Liaisons (One Star and above) will be recognized in The RMA Journal and on the website. • All liaisons who achieve a One Star level or higher, will receive a special membership card and a special gift.

  21. RMA Member-Get-a-Member Program: Award levels

  22. RMA Member-Get-a-Member Program: Award levels (cont.)

  23. Chapter Membership Campaign The Risk Management Association

  24. Chapter Membership Campaign: Institutions • Chapter recruits new institutions year round: • Campaign runs June 1 – May 31. • No need for special application, chapter automatically receives credit for new recruits. • Chapter gets a $100 rebate for banks recruited June through January and a $50 rebate for banks recruited February through May. • Chapter gets a $100 rebate for banks that renew in the second year.

  25. Chapter Membership Campaign: Individuals • 20–30% = $300 rebate. Chapters will receive a monetary rebate based on net percent increase in total individual members: • 10–19.9% = $200 rebate. • 2–9.9% = $100 rebate.

  26. RMA Chapters The Risk Management Association

  27. RMA Chapters

  28. What Do Chapters Offer? • General membership meetings. • Networking events. • Educational events – open enrollments and locally developed courses. • Round tables. • Affinity group meetings (Young Professionals, Compliance, Women in Banking). • Scholarships. • Charity events. • University activities. • Internship programs.

  29. The Risk Management Association Chapter Resources

  30. RMA Jargon • RM = Regional Manager. • RE = Regional Executive (former title of RM). • OE = open enrollment (educational courses). • HQ = headquarters. • LDP = Lending Decision Process. • CSCS = Credit Skills Certificate Series. • RMA U = RMA University. • CLC = Chapter Leaders Conference

  31. Chapter Websites • RMA has created a website for each chapter. • The chapter can manage it on their own, or send information to HQ for updates. • Chapters can post meeting notices, newsletters, chapter contacts, past events, membership applications, and affinity group information. • Chapter open enrollment courses will automatically feed to the chapter site.

  32. Chapter Websites (cont.)

  33. Chapter Leaders Conference • Annual conference for chapters – registration and two nights hotel stay covered by HQ. • Provides chapters with leadership skills, networking opportunities, and tools to effectively run a chapter. • Up to three chapter board members from each chapter can attend at no cost. • Average attendance of 250.

  34. Chapter Resources • Regional Managers. • Chapter Planning Guide– planning tool. • Chapter websites. • Toolboxes. • Templates. • Cosponsored open enrollments. • Membership lists. • Sample chapter bylaws. • D&O liability insurance referral. • Information regarding IRS regulations. • Chapter Leaders Conference.

  35. Regional Managers Chapters and Community Banks • Central Region: Laura Martin • Northeast Region: Mike Mango • Southeast Region: Cindee Munro • Western Region: Erin Jester Large Banks • Central Region: Jeff Thormann • Northeast Region: Bill Truscott • Southeast Region: Laurie Foster • Western Region: John Baier

  36. Open Enrollments • Chapters select courses and obtain a facility. • Chapter provides snacks and refreshments. • Chapter welcomes group and introduces instructor. • RMA HQ schedules the course and instructor. • RMA HQ develops marketing material, sends national emails and course catalog. • Chapter markets course to local participants.

  37. Open Enrollments (cont.) • Chapter Cosponsored Course Selection Form (formerly Tick Tock) is sent to chapter in spring and is due by the end of April each year. • All courses must have a minimum of eight registrants three weeks prior to the course date to avoid cancellation (12 for Analyzing Construction Contractors). • Chapter receives royalties from RMA HQ: starting at $15 per person, increasing to $25 per person (for a 1-day class) if more than 15 people are registered for the course (royalties are paid per day of class).

  38. The Risk Management Association Then and Now

  39. Mission Statement RMA is a member-driven professional association whose sole purpose is to advance sound risk principles in the financial services industry.   RMA helps our members use sound risk principles to improve institutional performance and financial stability and enhance the risk competency of individuals through information, education, peer sharing, and networking.

  40. RMA History • Founded as the Robert Morris Club in 1914 to facilitate the exchange of credit information. • Became the Robert Morris Associates: • Named for American patriot Robert Morris. • Signer of the Declaration of Independence. • Principal financier of the Revolutionary War. • Organizer of the first national bank, Bank of North America. • Helped establish our country's banking system. • In 1916, RMA adopted Code of Ethics, which is now Principles for the Exchange of Commercial Credit Information.

  41. RMA Today • 2,500 institutional members: • Banks of all sizes. • Nonbank financial institutions. • 16,000 RMA Associates: • Relationship managers • Credit officers • Risk managers • Other financial services professionals with responsibilities related to the risk management function. • 115 chapters: North America, Asia, Australia, and Europe.

  42. RMA Today (cont.) • Provides premier risk management services: • ERM, credit, market, and operational risk. • Best practices • Education • Publications, including The RMA Journal. • Conferences, forums, and round tables. • Industry data, including eStatement Studies. • Regulatory Compliance • Securities Lending

  43. RMA’s Structure • RMA’s board, councils, and committees act as consultants, judges, recruiters, reviewers, and advisors while carrying out RMA’s mission and contributing to the value of RMA membership. • RMA Board of Directors. • Officers. • Seven councils. • 11 committees.

  44. RMA Values

  45. RMA Regions

  46. Bill GithensPresident & CEO RMA Member Relations Staff Donna ShieldsExecutive Assistant Member Relations Lisa McBrideDirector, Chapters & Community Banks Jack HarcourtDirector, Large Banks & International Central RegionLaura Ridner, ManagerAllison Neff, Admin. Northeast RegionSandy Sutermaster, ManagerPriscilla Poole, Admin. Southeast RegionCindee Munro, ManagerPriscilla Poole, Admin. Western RegionErin Jester, Manager Allison Neff, Admin. Central RegionOpenNortheast RegionBill Truscott, ManagerSoutheast RegionLaurie Foster, Manager Eastern Canada Mike Mango, ManagerWestern Region & AsiaJohn Baier, ManagerEuropeSteve Shaw, Manager Stacy Forcina-Read, Admin. Spvsr Valerie Gidzinski, Admin. Anna Shuman Admin. Supervisor Stacy Forcina-ReadAdmin. Supervisor Debbie TrexlerSeminars Coord.

  47. Products and services The Risk Management Association

  48. RMA Products and Services (cont.) • eMentor • Diagnostic assessments • Open enrollment courses. • Credit Skills Certificate Series (CSCS). • RMA University Online – LDP and CRE LDP. • In-house training. • Forums/conferences and specialized training. • Credit Risk Certified (CRC).

  49. The Risk Management Association eMentor

  50. Industry reports • Credit considerations • Best practices • Fundamentals exam • Regional data • Case studies • Statement Studies • Templates

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