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RMA/Wharton Advanced Risk Management Program

Program Overview

As the volatility and inter-dependencies of markets increase, senior executives must make organizational risk management a high priority. The RMA/Wharton Advanced Risk Management Program gives executives analytical frameworks, strategies, and resources to better measure, manage, and monitor risk at their organization.

You also will use tools for modeling risk analysis, critical thinking, and risk scenario planning, while applying your knowledge to current issues facing your organization through risk evaluations to give you an enterprise view of risk. In between the two-week program, you examine a new area of risk in your organization, reporting findings to the class.

Read more about the Experience & Impact »

Advanced Risk Management Program Highlights & Benefits

  • Network and interact with industry peers and renowned Wharton faculty
  • Use tools for modeling risk analysis, critical thinking, and risk scenario planning
  • Apply your knowledge to current issues facing your organization through risk evaluations

Contact Us

Schedule a personalized consultation to discuss your professional goals.


For more information on The Risk Management Association, please contact Mark Zmiewski, Director, Strategic Learning and Research, at +1.215.446.4085.

April 30 - May 6, 2017$28,000

Philadelphia, PA

June 18 - 24, 2017

Philadelphia, PA

Download the program schedule, including session details.

This program consists of two non-consecutive sessions. Both sessions are required for completion.

Tuition for Philadelphia programs includes lodging and meals.

Featured Video

An interview with Professor Richard Herring and Mark Zmiewski of RMA

Still considering your options? View programs within Finance & Wealth Management, Industry Associations or use our Program Finder.

Experience & Impact

In today’s global economy, the environment for risk has become much more complex. The RMA/Wharton Advanced Risk Management Program introduces the latest thinking around risk, including macroeconomic drivers, and equips you with the tools to evaluate your exposure.

Wharton faculty, led by Richard Herring, PhD, the author of more than 150 articles, monographs, and books on various topics in financial regulation, international banking, and international finance, apply their field-based research and the latest strategic insights to help you broaden your view the major drivers of risk, with a framework for measuring and monitoring it. Unique to the RMA/Wharton program is the integration of academic analytics, which provide students with a theoretical foundation, with the insights of star practitioners, who show how these ideas can be implemented.

Session topics include:

Risk management as a strategic competitive strength:

  • Macroeconomic drivers of risk
  • Distinctive features of regulated financial intermediaries and how the regulatory environment has evolved in response to the 2007–2009 crisis
  • The connection between corporate finance and managerial decision making and risk management
  • Study of systemic risk and the unique challenges of being a financial intermediary in today’s interconnected world

The analytical framework for measuring, managing, and monitoring risk:

  • Methods and issues in measuring risk exposure
  • Modeling challenges and practices
  • Scenario-based strategic planning
  • Unique risk characteristics presented by derivatives and real estate assets
  • Economic capital

The enterprise perspective including culture, governance, and relationships with stakeholders:

  • Peripheral vision and critical decision making
  • Defining risk appetites
  • Communicating risk profile to both internal and external stakeholders
  • Tension between economic capital and regulatory capital
  • Enterprise risk management

Through highly interactive lectures, exercises, and case studies, both in the classroom and in smaller work groups, this deep dive into risk will help you be a more capable enterprise risk management leader within your organization.

Who Should Attend

Participants are executives in banking and banking-related industries with several years of risk management experience, including:

  • Chief Risk Officers
  • Business-line Risk Managers
  • Enterprise-wide and Operational Risk Managers

Plan Your Stay


Richard Herring, PhD   See Faculty Bio

Academic Director

Jacob Safra Professor of International Banking, Professor of Finance, The Wharton School

Research Interests: International banking, international finance, money and banking


I found the programme very challenging of accepted thinking and a good opportunity to learn about a broad range of risk disciplines as well as developing a network of fellow risk professionals from across the world.”

Group Compliance and Regulatory Risk Director, Lloyds TSB (2010 Participant)

The program developed by Wharton and RMA offers its participants the best and most advanced thinking about risk management in today's volatile and fast-paced financial environment.  The program provides both quantitative and non-quantitative risk managers with a foundational refresher in risk management fundamentals that they then put to use in highly interactive sessions with Wharton faculty and outside Risk Management professionals who bring a wealth of knowledge to the seminars. The learnings from this program were immediately applicable back at the office. I highly recommend this program to any risk manager who is looking to take their skill and knowledge up to state of the art thinking on this topic.”

Head of Portfolio Reporting and Analytics, Morgan Stanley (2010 Participant)

PNC Makes a Solid Investment

Tom Whitford, executive vice president and chief administrative officer at PNC, recognizes a good investment when he sees one. With the cost of executive search fees reaching upwards of $300,000, effective retention tools represent a solid investment strategy. And Whitford believes one of his most powerful tools for retaining top performers is to send them to the RMA/Wharton Advanced Risk Management Program. In fact, he’s already sent thirteen of his executives to the program.

"This program gives me a tremendous development and retention tool," Whitford says. "By sending our executives through the program, we’re making a commitment to our employees about their personal and professional development." Whitford feels that the program delivers impressive ROI in terms of building depth and experience on his team.

“We have realized significant savings by staffing senior positions from within the company,” Whitford continues. The three executives who attended the program have all had their responsibilities expanded and are well positioned for more senior roles at PNC. "It is a world-class program that balances the quantitative with the qualitative, the theoretical with the practical."

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