Member News

5,000th CERA Credential Awarded

Victoria Gao is the 5,000th professional to earn the Chartered Enterprise Risk Analyst (CERA) credential, announced the CERA Global Association (CGA) on June 3, 2019. Gao is a member of the Actuaries Institute in Australia and an associate director in the debt markets securitization team at the Commonwealth Bank of Australia.

“There is strong global demand for skilled enterprise risk management professionals. CERA is one of the most comprehensive and rigorous enterprise risk management qualifications available,” said CGA Chair Nick Dumbreck.

“For me CERA was very relevant due to its applicability in nontraditional actuarial fields of work,” Gao commented. “The theory provides a good foundation in the understanding of risk, its assessment and treatment.”

Dumbreck recognized this milestone as an important step forward for global risk management. “CERAs are able to assess and manage the entire risk spectrum of an organization including financial, operational and strategic risk. Victoria and the other CERAs around the globe add value to enterprise risk management through their rigorous training, making them the best equipped to provide a 360° view of an organization’s risk profile.”

The CGA grants actuarial organizations, including the CAS, the right to award the global CERA credential to individual actuaries who have satisfied the requisite education and training requirements. Organizations are first subject to a rigorous review of their proposed CERA program to ensure that it meets the CGA’s exacting standards. Currently, organizations in Australia, Austria, Denmark, Finland, France, Germany, India, Israel, Japan, the Netherlands, Republic of China (Taiwan), South Africa, Spain, Sweden, Switzerland, United Kingdom and the U.S. are authorized to award the CERA credential.

The CERA qualification was initially established in the U.S. by the Society of Actuaries in 2009. That year, 14 national associations from 12 countries joined to create the global CERA credential, which addresses the growing need for highly qualified risk professionals, especially in the finance sector.

The CAS currently has over 150 CERA credential holders among its membership. The CAS requirements for earning the credential include successfully completing Exam SP9, Enterprise Risk Management Specialist Principles, administered by the Institute and Faculty of Actuaries (U.K.). For more details on earning CERA through the CAS, see the CERA page on the CAS website.

Further information on earning a CERA and how employing a CERA can benefit your business can be found on the CERA Global Association website.