Headquartered in Philadelphia, Pennsylvania, RMA was founded in 1914. More than 3,000 banks and financial firms as well as 18,500 individual professionals are currently members of the RMA. RMA is a member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. Helping our members understand sound risk principles will contribute to enhanced profitability and more efficient allocation of capital to support growth. Furthermore, individuals will be better prepared to meet the needs of customers and to grow professionally.

There are 162 local RMA chapters in the United States, and RMA has begun to expand internationally and now has chapters throughout Canada and Puerto Rico, and in Hong Kong, Singapore, Melbourne and London. Further information can be obtained from the RMA website – www.rmahq.org.

The Hong Kong Chapter of RMA was founded in 1996 and currently has totally around 50 members including HSBC, Bank of China, Hang Seng Bank, Standard Chartered Bank, Bank of East Asia, ICBC (Asia) Ltd etc, just to name a few.

As mentioned above, RMA-HK is a non-profit organization. We charge a modest fee to cover our ongoing expenses. With effective from 2014, the Entrance Fee is HK$2,300 for corporate membership and HK$500 for individual members. The annual fee for corporate membership is HK$2,800 and HK$550 for individual members.

RMA-HK holds risk management related educational events and get-togethers for its members and subsidizes these events from membership fees.  These events provide excellent networking opportunities for members to discuss and share common risk management issues.   All members also receive a complementary copy of “The RMA Journal” which is published monthly.