Risk Management Association New England Chapter

What Risk Management Association New England Chapter does

The Risk Management Association New England Chapter is a volunteer-run regional affiliate of the Risk Management Association (RMA), a not-for-profit, member-driven professional association founded in 1914 and headquartered in Philadelphia, Pennsylvania. The chapter operates as part of a network serving banks of all sizes and nonbank financial institutions, with the broader organization representing 1,600 institutional members and 31,000 individual professionals across North America, Europe, Australia, and Asia/Pacific. Its mission is to advance sound risk principles in financial services, with content focused on credit risk, market risk, and operational risk domains.

The chapter delivers value through professional development events, educational content, networking opportunities, and volunteer leadership pathways rather than through technology products or services. Programming is distributed through the RMA community platform (community.rmahq.org/newengland), with events such as the January 2026 Model Risk Management panel recorded and shared via Zoom. The chapter is governed by volunteer officers and committee chairs who shape regional direction, while membership enrollment and dues are administered at the national RMA level (rmahq.org/membership). Revenue mechanics rely on recurring membership dues from institutional members, with no disclosed product or service pricing at the chapter level.

In 2024, RMA combined with the Bank Administration Institute (BAI) to form ProSight Financial Association, expanding the combined entity's scope from commercial banking risk management into retail banking regulatory compliance. The New England Chapter continues to operate as a regional node within this combined structure, serving risk management professionals in the New England geography through volunteer-led programming and community engagement.

Name

Risk Management Association New England Chapter

Legal name

Risk Management Association New England Chapter

Website

https://rmanewengland.org

Company type

Private

Founded year

1914

Operating status

Operating

Headcount range

51–100 employees

Short description

The Risk Management Association New England Chapter is a volunteer-run regional affiliate of RMA, a 1914-founded professional association serving banks and nonbank financial institutions. It delivers educational events, networking, and risk management resources to financial services professionals in New England.

Ownership category

akta.pro rank

Product category

Professional Association Services

NAICS

Finance and Insurance (52)

SIC

Finance Services (6199)

akta.pro primary industry

Risk Management (Enterprise, Operational, Model) (EDABAJAF)

akta.pro secondary industry

Enterprise Risk Management (ERM) Advisory (BPAHAFAA)

Keywords

• Risk management association
• Professional development
• Financial services education
• Credit risk management
• Operational risk networking

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership Dues: The organization is a not-for-profit, member-driven professional association. Revenue is generated through membership dues and fees. Specific pricing managed at the national RMA level (www.rmahq.org/membership).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

The New England Chapter is a volunteer-run regional affiliate of the Risk Management Association (RMA) that advances sound risk principles in the financial services industry through professional development, networking events, and educational resources. It serves risk professionals at banks and nonbank financial institutions in the New England region, with chapter programming covering credit risk, market risk, and operational risk.

Product overview

The Risk Management Association (RMA) New England Chapter is a not-for-profit, member-driven professional association that advances sound risk principles in the financial services industry. Rather than offering a traditional product portfolio, the organization provides professional development, networking events, chapter leadership opportunities, and educational resources to its members through volunteer-run chapter activities. The chapter organizes events and announcements for risk management professionals in the New England region, with RMA's broader offerings covering credit risk, market risk, and operational risk domains.

Differentiator

Problem solved

Functional benefit

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• BAI (Bank Administration Institute)flagshipStrategic or Co-development Partner · 1 October 2024RMA and BAI have come together as ProSight Financial Association. This strategic combination brings together RMA's expertise in serving commercial banking and its risk management needs and BAI's knowledge in serving retail banking and its regulatory compliance requirements. The combined entity delivers trusted programs and products to help members address challenges in financial services.

Scale indicators4 records

Recent moves3 records

Expansion highlights3 records

Emerging players

• ARMA International: Non-profit association for records and information management professionals, with risk-adjacent governance and compliance content. Comparable member-association structure but distinct specialization.
• ISACA: Global professional association for IT governance, risk, and cybersecurity with credentials like CISA and CRISC. Comparable not-for-profit, certification-driven model intersecting risk domains relevant to RMA members.

Direct peers

• BAI (Bank Administration Institute): Non-profit association serving retail banking with regulatory compliance and operational training. Now combined with RMA under ProSight Financial Association, making it the most directly fused peer organization.
• GARP (Global Association of Risk Professionals): Global not-for-profit membership association focused on risk management across financial services, including the FRM certification. Directly comparable to RMA in mission, member-driven model, and ERM training emphasis.
• PRMIA (Professional Risk Managers' International Association): International non-profit professional association dedicated to promoting sound risk management practices and the PRM certification. Closely overlaps with RMA's enterprise risk focus and membership-based delivery.

Broad incumbents

• IIA (Institute of Internal Auditors): Global professional association for internal auditors, covering risk-related disciplines more broadly than RMA. Comparable non-profit, member-driven structure with similar professional development and certification offerings.
• CFA Institute: Global not-for-profit association for investment professionals with the CFA designation. Comparable membership, education, and credentialing model, though focused on investment analysis rather than ERM.
• American Bankers Association (ABA): Largest U.S. banking trade association covering advocacy, training, and compliance. Overlaps with RMA's financial-services membership base but serves a much broader agenda beyond risk.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/rma-new-england-chapter

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Risk Management Association New England Chapter