Risk and Insurance Management Society (RIMS) Certified Risk Management Professional (CRMP) Practice Exam

Who is considered a risk champion within an organization?

1. A compliance officer

2. A team member with no influence

3. A person influencing peers on the value of risk management

4. A project manager

The correct answer is: A person influencing peers on the value of risk management

A risk champion within an organization is someone who actively promotes and influences others regarding the importance and value of risk management. This individual demonstrates knowledge and understanding of risk management principles, actively advocates for their implementation, and inspires peers to embrace risk management practices. Their role is crucial in fostering a risk-aware culture throughout the organization, making them an essential asset in effectively managing risks. Being a risk champion goes beyond holding a formal title; it involves leadership qualities, effective communication, and the ability to engage and motivate others. This capacity to influence peers and stakeholders ensures that risk management becomes an integral part of the decision-making process and daily operations, leading to better risk-aware strategies and practices. In contrast, other roles mentioned may contribute to organizational compliance or project success but do not inherently focus on promoting risk management's value among peers. For example, a compliance officer primarily ensures adherence to regulations, while a project manager focuses on delivering specific projects. A team member with no influence lacks the capability to advocate for or promote risk management, which is a critical attribute of a risk champion.