Starting with the 12 of May 2020 as the date of signing the articles of association by the founding members, the 27th of August 2020 of filing them with the Court of Bucharest, and after receiving the VAT Number 42972217, the “Risk Professionals Association” Nonprofit Organization was founded; an initiative by a group of senior managers who are involved in the broader field of risk management.

The Association aspires to become the collective body of all Risk Management proffesionals, irrespective of industry and employment specialty in Risk Management.
The role of Risk Managers is extremely important for the business world and even more important for the capital market, financial institutions, and insurance companies. The Association will come to the aid of their efforts, highlighting and upgrading their role by providing information, training and links to international organizations, as well as holding discussion with government and also with other relevant organizations.

At the same time, the Association will contribute to more effective risk management of the market, by conducting research on the level of preparedness and response of organizations, to risk issues.

The founding members have significant previous experience and technical expertise in Risk Management, in areas such as Financial, Credit, Insurance, Compliance, Market, Commercial, Procurement, Facility, Logistics, Governance, and Data & Cyber risks. The participation of renowned Risk Management academics – teachers completes the spectrum of representation of expert professionals in the Association.

The Association, at least in the beginning, will not have any resources other than the subscription fees paid by its members. This means that everything relies on volunteering and the willingness of the members to offer to society.

“The Risk Professionals Association came into being and has already been warmly received by industry executives. As a collective body, the Association will attach special importance to providing education and further training to its members. We shall remain committed to the activities that we have planned, and within a very a short time, we will experience the results of this group initiative in practice. I invite all Risk Management professionals, from any industry and business, regardless of experience and rank, to support this effort, from which, they can only reap benefits. I wish all the strength and success in the work of the management team!”.