RISK Management Association
RMA, now ProSight Financial Association, is a 1914-founded nonprofit professional association serving US banks through peer-sharing chapters, risk-management frameworks, and decision-support products like Statement Studies and eMentor, following its 2024 merger with BAI.
- Company typePrivate
- Founded1914
- HeadquartersPhiladelphia, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What RISK Management Association does
The Risk Management Association (RMA), founded in 1914 and headquartered in Philadelphia, is a nonprofit professional association serving the US financial services industry. Following its 2024 merger with BAI, it operates as ProSight Financial Association. Its core offering is a member-driven platform combining peer-sharing communities (100 volunteer-led chapters across North America and specialized forums such as the 29-member Climate Risk Forum and the Advanced Operational Risk Group), decision-support products (Credit Risk Navigator, eMentor, Model Validation, and Statement Studies, the last covering 2,000+ US industry benchmarks), and risk-management frameworks (Technology Risk, Compliance Risk Management, Enterprise Risk, AI Use Case Template). Technology is delivered through a member portal (my.prosightfa.org), the Ignite learning management system, and digital content channels including a journal, podcasts, webinars, and webcasts. No proprietary AI models or public APIs are disclosed; the technology stack is platform-based content, training, and benchmarking delivery rather than software-as-a-service.
RMA generates revenue from three primary streams: recurring membership dues across Professional, Associate, Faculty ($100/year), Student (free), and University tiers; paid training programs, conferences, and webinars (with member-discounted pricing); and one-time license sales of industry reports, study packs, and decision-support products. Its go-to-market is community-led, relying on the 100-chapter volunteer network and member forums for engagement and renewals. Customers span midsize and community banks (the primary segment), large financial institutions participating in specialized forums, and academic institutions via the Credit Essentials Course and student outreach. As a non-lobbying association, RMA maintains a formal regulatory engagement function, filing comment letters with the Fed, OCC, FDIC, SEC, NYDFS, BCBS, FSB, and ISSB on risk and climate-related rulemakings.
RISK Management Association firmographics
Firmographics- Name
- RISK Management Association
- Legal name
- The Risk Management Association
- Website
- https://rmahq.org
- Company type
- Private
- Founded year
- 1914
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- RMA, now ProSight Financial Association, is a 1914-founded nonprofit professional association serving US banks through peer-sharing chapters, risk-management frameworks, and decision-support products like Statement Studies and eMentor, following its 2024 merger with BAI.
- Ownership category
- akta.pro rank
Where RISK Management Association is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
RISK Management Association business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Membership Dues: RMA/ProSight generates primary revenue from membership fees. The organization offers multiple membership types including Professional, Associate, Student, Faculty, and University memberships, each with differentiated pricing and benefit access levels. Membership provides access to exclusive content, the Community Banking Resource Center, member forums, chapter networks, and member pricing on events and products.
- Training and Events: The organization offers paid training programs, conferences, webinars, and educational events. Webcasts are complimentary to members, while non-members and certain premium events are fee-based. The Event Calendar and training programs (e.g., RMA Ignite LMS) represent significant revenue streams.
- Products and Publications: RMA/ProSight sells industry reports, Statement Studies (more than 2,000 US-based industry reports), eMentor credit risk intelligence, and other decision-support products. These include study packs, whitepapers, survey reports, and frameworks available for purchase.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Annual | Student Membership - free |
| Subscription | Annual | Individual Faculty Membership - $100/year |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
RISK Management Association product offering
Product offeringCore offering
The Risk Management Association (RMA), now operating as ProSight Financial Association, is a member-driven professional association for the financial services industry. It sells credit risk decision-support products (Credit Risk Navigator, eMentor, Model Validation, Statement Studies), professional training and certifications, peer-sharing forums (Climate Risk Forum, Advanced Operational Risk Group), risk management frameworks, and conferences and journals targeted at risk, compliance, and fraud professionals at banks.
Product overview
RISK Management Association (RMA), now operating as ProSight Financial Association following its 2024 merger with BAI, offers a comprehensive suite of risk management, compliance, fraud prevention, and professional development resources for the financial services industry. The portfolio includes decision support solutions (Credit Risk Navigator, eMentor, Model Validation, Statement Studies), professional development (ProSight Ignite LMS, Training, The ProSight Journal), member communities (Climate Risk Forum, Advanced Operational Risk Group, Chapter Network of 100 chapters), and risk management frameworks (Technology Risk, Compliance Risk Management, AI Use Case, Enterprise Risk). RMA also provides academic resources including the Credit Essentials Course and university membership programs, along with student membership and scholarship opportunities through the RMA Foundation.
Differentiator
Problem solved
Functional benefit
Brands
- ProSight Journal: The organization's professional journal covering risk management, compliance, fraud, and banking topics.
- ProSight Credit Risk Navigator
- ProSight eMentor
- ProSight Model Validation
- ProSight Statement Studies
- ProSight Training
- ProSight Climate Risk Forum
- ProSight CRO Outlook Survey
- Ignite
- Advanced Operational Risk Group (AORG)
Products and services
- ProSight Credit Risk Navigator
Companies that use RISK Management Association
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles1 record
RISK Management Association technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
RISK Management Association partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- BAI (Bank Administration Institute)coreRMA and BAI merged in 2024 to form ProSight Financial Association, one of the most significant consolidations in the financial services professional association space. The combined entity provides risk management, regulatory compliance, fraud, retail banking, and commercial banking resources. The merger brought together RMA's risk management expertise with BAI's retail banking and training capabilities.
- SCB Forums (acquired by RMA)coreRMA acquired SCB Forums, a provider of peer-sharing opportunities for banks, with founder Anat Bird continuing to lead the business. The integration aimed to expand professional networking and knowledge sharing among midsize and community banks in North America.
- Jupiter IntelligenceminorJupiter Intelligence co-sponsored a ProSight/RMA webinar on 'Adjusting Credit and Portfolio Risk Management for Extreme Weather Events' focused on integrating forward-looking climate analytics into financial workflows including credit policy and portfolio resilience planning.
- PwC (PricewaterhouseCoopers)minorPwC and ProSight conducted a multi-part survey on risk controls testing and monitoring automation across financial institutions. PwC provided thought leadership analysis in a report on sustainable, lower-cost risk controls testing published by ProSight.
- EY (Ernst & Young)minorEY partnered with RMA to conduct a survey on how banks are enhancing their analysis of climate risk, with results published as 'How Banks are Enhancing their Analysis of Climate Risk – EY/RMA Survey Results' in January 2022.
- S&P GlobalminorS&P Global sponsored a ProSight/RMA webcast on 'The Evolving Landscape of Credit Risk for Banks: Key Trends and Outlooks March 2026,' featuring S&P Global Ratings and Market Intelligence thought leaders.
- Debevoise & Plimpton LLPminorDebevoise & Plimpton contributed to the U.S. Climate Regulatory Guide for Banking Organizations, a co-branded publication available through the ProSight Climate Risk Forum covering key legal and regulatory developments related to climate change.
- Ardmore Banking AdvisorsminorArdmore Banking Advisors co-sponsored a webcast on 'Will 2026 be the year the M&A Dam Breaks Open?' exploring bank M&A trends and outlook for the financial services sector.
Scale indicators4 records
Recent moves8 records
Expansion highlights5 records
RISK Management Association competitors and assessment
Company assessmentBroad incumbents
- American Bankers Association (ABA): The largest U.S. banking industry trade association. Overlaps with RMA/ProSight on advocacy-adjacent content, training, and member services for community and midsize banks, but its scope is much broader than risk management alone.
- The Institute of Internal Auditors (IIA): A global professional association for internal auditors, with the CIA certification and risk-related content. Adjacent to RMA/ProSight's audience because internal audit and risk management increasingly overlap, though IIA is the audit-specific counterpart.
- CFA Institute: Global association for investment professionals offering the CFA charter, ethics standards, and research. Overlaps with RMA/ProSight on professional development, training, and member-driven content for finance professionals, though the core focus is investment analysis rather than bank risk management.
- Global Financial Markets Association (GFMA): A global industry association whose members include major wholesale banks and asset managers. Comparable to RMA/ProSight as a bank-facing industry body producing thought leadership and engaging regulators, though GFMA is broader and more globally focused.
Direct peers
- Global Association of Risk Professionals (GARP): A member-based, nonprofit professional association offering the globally recognized FRM certification and risk-focused content. Directly comparable to RMA/ProSight as a financial-services risk association serving both banks and individuals with training, certification, and thought leadership.
- Independent Community Bankers of America (ICBA): The primary U.S. trade association for community banks — exactly RMA/ProSight's primary customer segment. Comparable as a member-based association delivering education, advocacy resources, and peer networking to the same target audience.
- Professional Risk Managers' International Association (PRMIA): A nonprofit professional association for risk managers offering the PRM certification and risk management education. Highly comparable to RMA/ProSight's mission of advancing sound risk management principles through membership, training, and credentialing.
- International Association of Credit Portfolio Managers (IACPM): A member-driven association of credit portfolio managers at financial institutions worldwide. Directly comparable in niche — credit risk — to RMA/ProSight's credit-focused products (eMentor, Credit Risk Navigator, Model Validation).
- Bank Administration Institute (BAI): A nonprofit association for the financial services industry focused on retail banking, operations, and leadership training. Pre-2024 a direct peer; now merged with RMA, but historically the most directly comparable association in BAI's coverage areas.
Emerging players
- Association of Financial Professionals (AFP): A professional society for corporate finance, treasury, and financial planning & analysis professionals. Comparable in member-association model, training, and certification (CTP, FPAC), and increasingly adjacent to bank risk and treasury functions that RMA/ProSight also serves.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
RISK Management Association social profiles
Digital presenceRISK Management Association financial estimates
Financial estimateRevenue estimate
Valuation estimate
RISK Management Association leadership team
Management profileNumber of profiles
Profiles7 records
RISK Management Association subsidiaries and ownership
Company hierarchySubsidiaries1 record
RISK Management Association funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RISK Management Association M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RISK Management Association
What does RISK Management Association do?
The Risk Management Association (RMA), now operating as ProSight Financial Association, is a member-driven professional association for the financial services industry. It sells credit risk decision-support products (Credit Risk Navigator, eMentor, Model Validation, Statement Studies), professional training and certifications, peer-sharing forums (Climate Risk Forum, Advanced Operational Risk Group), risk management frameworks, and conferences and journals targeted at risk, compliance, and fraud professionals at banks.
Is RISK Management Association a public or private company?
RISK Management Association is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was RISK Management Association founded?
RISK Management Association was founded in 1914. It employs 51 to 100 people.
Where is RISK Management Association based?
RISK Management Association is headquartered in Philadelphia, United States, in the North America region.
How does RISK Management Association make money?
Three revenue lines are on record. Membership Dues are the primary driver. The others are training and Events and products and Publications.
Who are RISK Management Association's main competitors?
Broad incumbents on record are American Bankers Association (ABA), The Institute of Internal Auditors (IIA), CFA Institute and Global Financial Markets Association (GFMA). Direct peers are Global Association of Risk Professionals (GARP), Independent Community Bankers of America (ICBA), Professional Risk Managers' International Association (PRMIA), International Association of Credit Portfolio Managers (IACPM) and Bank Administration Institute (BAI). Association of Financial Professionals (AFP) is listed as an emerging player.
Does RISK Management Association have an API?
No public API is recorded for RISK Management Association.