Risk Management Solutions
They said it couldn't be done. We thought otherwise.
As a graduate student at Stanford, in the heart of earthquake country, I wrote a business plan to spin out university R&D and commercialize a computer model that could quantify earthquake risk in three California cities. With a modest seed investment from my family and an office in my apartment, I convinced a few friends and fellow researchers to join up. Believe me, there was no shortage of skeptics. The financial industry and academic establishment told us that the problem warranted endless study in traditional silos. Venture capitalists struggled to understand what the category and business model would be ("catastrophe risk modeling?"). Fortunately, we were naïve and had the absolute conviction that if we got the right multidisciplinary team in the room, we could create a whole new category of analytic technology—and launch a new industry.
More than two decades later, we are now the world leader in catastrophic risk modeling. From earthquakes and hurricanes to terrorism and infectious diseases, our models provide critical risk management solutions to hundreds of financial institutions around the world. At RMS, we believe knowledge is power. Our work may serve some of the leading industries driving today's global economy, but we also believe it can make a real and positive impact on people's lives. How societies understand and manage risk affects us all. At RMS, our ultimate goal is to help create a more sustainable and resilient global society through a better understanding of catastrophic events.
Based in our headquarters in Silicon Valley and in offices throughout North America, Europe, and Asia, our team of nearly a thousand professionals may be a bit larger than it used to be, but we're as ambitious and innovative as ever. From day one, our passion has been innovation driven by the courage to tackle the problems others say can't be solved. Can we quantify the risks from climate change? Simulate how medical breakthroughs might lead to dramatic improvements in life expectancy? Deliver supercomputing in the cloud? Can our technology platform help transform an entire industry? Once again, they say it can't be done. We think otherwise.
Cofounder, President and CEO
Market leader resources.
Model 50,000-year weather patterns. Build a supercomputer in the cloud. Collaborate on innovations with global impact.
As the market leader in catastrophic risk modeling, RMS helps organizations understand and manage their risk exposure. We build highly sophisticated natural catastrophe risk models as well as models of terrorist acts, pandemic outbreaks, and human longevity. From applying mathematical game theory to terrorist behavior to European wind models, China flood models, and human longevity projections, we drive the science that influences trillions of investment dollars around the globe. Today, the nearly 1000 professionals at RMS are taking on the next generation of modeling and technology problems as we work toward transforming the industry through supercomputing in the cloud.
To us, Craft is everything
At RMS, our multidisciplinary approach brings together individuals with deep expertise across a wide variety of fields and practices, from geology to climatology, medical science, structural engineering, software engineering, and more. This allows us to take a uniquely effective approach to some of today’s most complex science and technology problems. Whether building leading-edge proprietary software or modeling weather patterns on a global scale, here are just a few examples of what we do at RMS.
Risk Management Solutions Photos
- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I worked at Risk Management Solutions as an intern (less than a year)Pros
Relaxed work environment: Not much pressure except at project deadlines
Interesting nature of work
Good company culture, work-life balance
Good opportunity for moving to foreign countries or for higher education in good universitiesCons
Not many prospects as very niche nature of work
Work not very challenging either: can hamper personal growth
Work not directly relevant to India: Outsourced work from the US and EuropeNeutral Outlook
Getting an Interview
Getting an Interview
- Application Details
I applied through an employee referral. The process took 2 weeks – interviewed at Risk Management Solutions.Interview Details
Aptitude Test, Interview.
First you will have to pass an aptitude test then you will go through interview phase. There may be more than one round.
Questions about Statistics- Linear Regression, Correlation; Technical-SQL, HR based question, Economics- GDP calculation, Many more questions on behavior, small case studies etcInterview Questions
Negotiation DetailsPlease negotiate. i couldn't though.Accepted OfferPositive ExperienceAverage Interview
- Questions about Statistics- Linear Regression, Correlation; Technical-SQL, HR based question, Economics- GDP calculation, Many more questions on behavior, small case studies etc Answer Question
Let us know if we're missing any workplace or industry recognition –
Transforming the insurance industry's understanding and quantification of risk.
RMS delivers the world's leading catastrophe risk models in a real-time risk management environment.
More than 400 insurers, reinsurers, trading companies, and other financial institutions trust RMS models, analytics, and metrics as reliable benchmarks for risk pricing, management, and transfer.
RMS is enrolled in E-Verify® and will be participating in E-Verify in addition to our Form I-9 process. www.dhs.gov/E-Verify. RMS is proud to be an equal opportunity employer.