Robinson College Professor Named Executive Director of Enterprise Risk Management Institute International; Launches Accreditation of University Graduate Programs in Quantitative and Enterprise Risk Management
March 29, 2006
(Atlanta, GA) - Enterprise Risk Management Institute International (ERM-II), a non-profit education, research and training organization, initiated by an international group of universities and professional organizations has launched an accreditation of university graduate programs in quantitative and enterprise risk management.
Shaun Wang, executive director of ERM-II and associate professor at the J. Mack Robinson College of Business at Georgia State University said, the rapid globalization, increased complexity of the economic, financial, and legal environment, and intricate interplay of various risks, has raised the bar for risk education.
"Graduates entering a risk management career require sound training not only in quantitative risk modeling, but also in the measurement of the organizational and operational aspects of risk. In addition, it is important for them to know how to integrate both modeling and measurement within a holistic ERM framework by encompassing the differing perspectives of various stakeholders," said Wang.
"This initiative will bring a sea of changes to risk management education around the world by helping universities train students in the various multidisciplinary aspects of enterprise risk management."
ERM-II will accredit university programs that satisfy a specific list of requirements as set by the accrediting committee. Graduates of accredited university programs will receive an ERM-II Educational Certificate. Mike Sherris, professor of the University of New South Wales and head of the ERM-II University Accreditation Committee states, "Programs interested in accreditation will need to be of high quality at the postgraduate level and cover risk modeling and risk management. They will also be required to maintain teaching staff with relevant research programs and a process for incorporating new developments into their curriculum." Sherris says that a number of leading international university programs have already indicated that they intend to apply for accreditation.
"This initiative is very much in line with the current direction of our own department of risk management and insurance and we are pleased to be a founding member of ERM-II," said Robinson Dean Fenwick Huss. "We see enterprise risk management as a key strategic growth area, and our multi-disciplinary faculties are committed to advancing this discipline. I am confident that this international initiative will help universities to better prepare tomorrow's business leaders."
For more information about ERM-ll, visit their website at: www.ermii.org
