Risk Management Association

What Risk Management Association does

RMA Australia is a not-for-profit professional association, incorporated in February 2004 in the Australian Capital Territory as an independent chapter of the US-based Risk Management Association (founded 1914). It operates as a community-led body serving risk management professionals within the Australian financial services industry, with membership structured across three institutional tiers (Tier 1 for major banks at AUD $42,438/year, Tier 2 for mid-sized firms and major consultancies at AUD $15,755/year, Tier 3 for smaller firms at AUD $7,878/year) plus a $682 Associate tier for unaffiliated individuals. From 1 April 2025, individual membership for employees of institutional members became zero-fee, positioning scale of participation over individual monetisation.

The association's product surface is built around community and knowledge exchange rather than proprietary technology. Core offerings include approximately 32 events per year spanning monthly in-person networking events in Sydney, Melbourne and Brisbane, a regular webinar program, an annual CRO Conference, an annual Chief Risk Officers Forum, eleven specialised Risk Forums covering credit, operational, cyber, financial crime, technology, compliance and other risk disciplines, and the Emerging Career Risk Professionals (ECRP) program with mentoring. Operations are governed by a volunteer Management Committee drawn from senior risk executives at member institutions (including CROs and General Managers from ANZ, CBA, NAB, Westpac, Suncorp, the Big 4, and APRA), with a small paid secretariat led by Executive Director Richard Gilbert.

RMA Australia is funded almost entirely through recurring institutional membership subscriptions and Risk Forum add-on charges, with 83 institutional members and 1,274 total members across the community. Distribution is primarily domestic via the website member portal, in-person events hosted at member venues, hybrid webinars, and email newsletters; geographic expansion beyond Australia is not pursued. The organisation explicitly operates under Chatham House Rules to enable candid discussion among competitors and regulators in the same room.

Name

Risk Management Association

Legal name

Risk Management Association Australia Incorporated

Website

https://rmaaustralia.org

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

RMA Australia is a not-for-profit professional association that convenes risk management professionals across the Australian financial services industry through tiered institutional memberships, monthly events, specialised risk forums, and an annual CRO Conference.

Ownership category

akta.pro rank

Product category

Professional Association — Risk Management

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAEABAA

Registered Investment Advisor (RIA) Wealth Management

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Wealth & Retirement Advisory

SECONDARYFSAKAGAL

SME Credit Underwriting, Scoring & Risk Analytics

Financial & Insurance/Lending & Consumer Finance/Small Business & Microenterprise Lending

Keywords

• Risk management association
• Financial services membership
• Professional risk forums
• Chief risk officer events
• Risk professional development

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Institutional Membership Fees: Three-tiered annual institutional membership fees (Tier 1 for major banks at $42,438/year, Tier 2 for mid-sized firms at $15,755/year, Tier 3 for smaller firms at $7,878/year) that support the running costs of the association. Individual membership is zero-fee for employees of institutional members.
2. Associate Membership Fees: Annual Associate membership fee of $682 (including GST) for individuals not employed by RMA Australia member institutions, such as financial risk management consultants, practitioners from small business, or students undertaking banking and finance courses.
3. Risk Forum Additional Charges: Risk Forums incur additional charges: $3,155 inclusive of GST for Tier 1 members and $3,012 inclusive of GST for Tier 2 & 3 members. These forums are not available to service provider/advisory firm members.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

RMA Australia is a member-driven not-for-profit professional association that delivers tiered institutional, individual, and associate memberships to risk management professionals in Australia's financial services industry. Its core offer includes access to monthly in-person networking events, a national webinar program, an annual CRO Conference, an exclusive Chief Risk Officers Forum, and eleven specialized Risk Forums covering credit, market, operational, compliance, technology, cyber, financial crime, and other risk disciplines.

Product overview

RMA Australia is a membership-based professional association offering a tiered structure of institutional, individual, and associate memberships. The core offerings include access to monthly events and webinars, specialized risk forums (such as Cyber Risk, Financial Crime, and Operational Risk), the annual CRO Conference, and the Chief Risk Officers Forum. Additional programs include the Emerging Career Risk Professionals (ECRP) Committee with quarterly mentoring sessions and access to risk resources through their online gallery. The association serves the Australian financial services community by promoting sound risk management practices and supporting professional development.

Differentiator

Problem solved

Functional benefit

Products and services

• Institutional Membership Three-tiered annual institutional membership for organizations in the Australian financial services industry: Tier 1 for major banks and large financial services corporations (annual fee ~$42,438 incl GST, unlimited individual memberships at no cost); Tier 2 for mid-sized financial service firms and major consulting firms (~$15,755 incl GST, up to 100 individual memberships); Tier 3 for smaller local financial services firms, regulators, and consulting firms (~$7,878 incl GST, up to 50 individual memberships). Provides access to events, webinars, and the Chief Risk Officers Forum.
• Individual Membership Individual membership category for employees of Institutional Members, offering access to networking events, webinars, professional development resources, and Risk Forums at zero cost.
• Associate Membership Annual membership (~$682 incl GST) for individuals not employed by RMA Australia member institutions, including financial risk management consultants, practitioners from small businesses, and students undertaking banking and finance courses. Provides access to events, web resources, and networking.
• Risk Forums Specialized annual forums for institutional members covering eleven risk disciplines: Anti-Bribery and Corruption, Business Credit Risk, Compliance Risk, Cyber Risk Forum, Financial Crime, Operational Risk, Risk Capability, Risk Culture, Risk Governance, Technology Risk, and Working Group on Models and Analytics Risk. Additional charges apply: $3,155 incl GST for Tier 1 members and $3,012 incl GST for Tier 2 & 3 members. Not available to service provider/advisory firm members.
• Chief Risk Officers Forum Annual forum exclusive to institutional members, bringing together Chief Risk Officers and senior risk leaders for high-level strategic discussion and networking on emerging risk topics.
• Emerging Career Risk Professionals (ECRP) Program Sub-committee and community program for early-career risk professionals, providing webinars, bi-monthly meetings, and quarterly group mentoring sessions with RMA Board members to develop soft skills and risk career pathways.
• Events and Webinars Program Approximately 32 annual events including monthly in-person networking events in Sydney, Melbourne, and Brisbane, plus a national webinar program covering risk topics such as AI in risk management, credit risk, operational risk, financial crime, climate risk, and regulatory compliance. Events are hosted by member organizations and feature live Q&A, panel discussions, and networking.
• CRO Conference Annual flagship conference for Chief Risk Officers and senior risk managers from institutional member organizations, featuring leading industry speakers and senior-level networking opportunities.
• Risk Resources Gallery Online repository of event snapshots, memories, and resources from previous RMA Australia events and webinars, available for member access.

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Event Host Organizations (Member Firms)coreOthersRMA Australia events are hosted by member organizations including major banks (Westpac, ANZ, CBA, NAB), insurance companies (Suncorp), and professional services firms (Deloitte, EY, PwC, KPMG, Accenture, MinterEllison, KordaMentha, Protiviti, Clayton Utz). These organizations provide venues, speakers, and subject matter expertise for RMA events, creating a collaborative ecosystem for risk management knowledge sharing.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ISACA: ISACA is a global professional association for IT governance, risk, cybersecurity, and audit professionals, with a Sydney chapter. Comparable in its membership-based model, certification programs, and focus on technology and cyber risk — directly overlapping with RMA Australia's Cyber Risk and Technology Risk forums.
• FINSIA (Financial Services Institute of Australasia): FINSIA is the leading Australian financial services professional body, offering memberships, certifications, and learning programs to bankers and finance professionals. Directly comparable to RMA Australia as a membership-based industry association serving the same Australian financial services community.
• GARP (Global Association of Risk Professionals): GARP is the largest global membership association for risk professionals, offering the FRM designation, certifications, and continuing education. Closely comparable business model — individual/institutional memberships, risk-focused content, and professional development — though global rather than Australia-only.
• IIA Australia (Institute of Internal Auditors Australia): IIA Australia is the local chapter of the global Institute of Internal Auditors, offering memberships, certifications (CIA), and professional development to internal audit and risk professionals in Australia. Directly comparable as a tiered-membership professional association serving overlapping risk and audit communities.
• PRMIA (Professional Risk Managers' International Association): PRMIA is an international nonprofit membership organization for risk managers, offering the PRM certification and chapter-based community programming. Directly comparable in mission, membership structure, and chapter-based delivery model to RMA Australia.
• Institute of Risk Management (IRM): IRM is the UK's leading body for risk management professionals, offering qualifications, membership tiers, and a global network of risk leaders. Comparable as a risk-focused professional membership association with tiered structure and industry events.

Broad incumbents

• AICD (Australian Institute of Company Directors): AICD is the leading Australian member organization for directors and governance professionals, offering the GAICD designation and continuing education. Comparable as an Australian financial services-adjacent professional membership association, though with a governance rather than risk focus.
• AFMA (Australian Financial Markets Association): AFMA is the Australian industry body for wholesale financial markets, representing dealers, banks, and market participants. Comparable as an Australian financial services industry association with institutional membership and policy/education remit, though focused on wholesale markets rather than risk specifically.

Regional players

• Global Risk Institute (GRI): GRI is a Canadian-based risk management research and education organization serving financial services risk professionals. Comparable as a risk-focused membership/research organization for financial services risk leaders, though operating in a different geography.
• FERMA (Federation of European Risk Management Associations): FERMA is the federation of national risk management associations across Europe, representing risk managers and promoting best practice. Comparable as a federation/chapter model for risk management professionals, though operating across European jurisdictions rather than a single country.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/executive_rma
• LinkedInlinkedin.com/company/rmaaustralia

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

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