ALRIM is launching its new website in line with its communication strategy that amplifies everything risk related in Luxembourg and abroad.
The Risk Hub
Enhancing the communication of risk will be the key aim of the Luxembourg Association for Risk Management’s (ALRiM) new website. The site has a new look and feel so as to amplify the association’s activity and the voice of its members. The site’s visual and navigational improvements primarily provide a platform to enhance the visibility of the risk management profession in Luxembourg. As a hub for information, in written and visual form, the website expands awareness of risk management through thought leadership, information sharing and collaboration.
“As a hub for information, in written and visual form, the website expands awareness of risk management through thought leadership.”
ALRiM’s role is to coordinate its 300+ members, who mainly work in the finance sector, with the local and international associations to ensure that the voice of risk managers is heard. ALRiM safeguards standards through collaboration and education: on the one hand through its participation on CSSF Committees (such as the Anti-Money Laundering Advisory Committee) and its membership of the Federation of European Risk Management Associations (FERMA). On the other hand, its training programs, including the contribution of its members as trainers, have led to the development of two risk management certifications – one for banking and one for investment funds.
The Future of Risk
Risk managers’ roles are not to bemoan new risks, but to ensure their potential rewards can be exploited without succumbing to greater jeopardy. Luc Neuberg, Chairman of ALRiM adds, “New types of risks are emerging, including climate risk, sustainability risks, regulatory, technological and cyber risks. They are expanding the risk managers’ portfolio beyond traditional market, credit, liquidity and operational risks.” Furthermore, the Covid-19 pandemic spawned a rash of new risks. Michael Derwael, Global Independent Risk Management Officer at MFS Investment Management says that adding to threats from volatility and liquidity roiling financial markets, new risks arose mostly from the remote workforce.