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Prove your skills by earning RMA's Credit Essentials Certificate and Operational Risk Management Fundamentals Certificate.

Apply for a scholarship through The Risk Management Association (RMA) Foundation Scholarship Program

The Risk Management Association (RMA) is pleased to offer scholarships to students in an undergraduate program who are interested in working in the banking industry after graduation.

Credit Essentials Certificate

Operational Risk Management Fundamentals Certificate

The Credit Essentials Certificate and Operational Risk Management Fundamentals Certificate are for RMA student members who are enrolled in university courses utilizing the RMA Credit Essentials and Operational Risk Management course material.


RMA is offering students like you a chance to validate your credit skills.

The Credit Essentials Certificate exam validates your knowledge and skills on a variety of commercial credit risk analysis topics including:

  • Getting to know the customer.

  • Analyzing nonfinancial techniques.

  • Understanding the numbers: financial statements.

  • Understanding the numbers: cash flow.

  • Understanding cash flow: projections.

  • Understanding the numbers: management and strategy.

  • Loan structuring.

  • Collateral and third-party support.

  • Retail credit.

  • Personal financial statements and tax returns.

  • Business tax returns.

  • Global cash flow.

  • Loan documentation.

Demonstrating your comprehension of these skills by passing an independent exam such as this will distinguish you from other individuals when seeking employment opportunities in the world of banking.


If you want to improve certain skills before you take the exam, but cannot do so because your university lacks a course on the subject(s), you may request free access to RMA’s online courses as a student member. Plus, included in the registration fee for the Credit Essentials Certificate is access to a free study guide, Commercial Credit Essentials, that we'll make available to you in a PDF after you register.


Students who are new to the operational risk discipline can demonstrate that they have a solid foundational knowledge of key principles in operational risk. To earn the certificate, students take an online, 30-question exam any time they choose.

The topics covered in the exam are the subjects of the following Web seminars offered by RMA:

  • Introduction to Operational Risk.

  • Information Security in Operational Risk.

  • Internal Loss Events: Embedding Internal Loss Data in an Organization’s DNA.

  • Key Risk Indicators: What They Are and Why You Need Them.

  • Quantitative Modeling of Operational Risk.

  • Risk and Control Self-Assessments.

  • Understanding External Losses for a Robust Operational Risk Program.

  • Understanding the Boundaries Between Credit Risk and Operational Risk.

  • Understanding the Value of Scenario Analysis in Operational Risk.