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.
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“They got knocked down, but trust me, with their business model and market footprint, they'll get back up again. ”
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I worked at Risk Management Solutions full-time (more than 5 years)Pros
RMS breathes innovation and has the courage to inspire an industry. RMS had a choice to face 3 or so years ago and they, as a company, chose to take a risk. It would have been easy to stay status quo, with a near-to saturated market and a stable business model, but that is not in the company DNA. Instead they chose to take a risk. They chose to try to inspire and create a platform that nobody, in any financial service sector, had tried to do before. They (we) faced many challenges along the way, and fell short, but the journey was an enlightening one and RMS learnt significant lessons along the way. Whether or not RMS manages to now overcome the hurdle that they are trying to leap, I do not know, but being at a company that is attempting such a feat is a fantastic opportunity for anyone with passion and ambition to make a difference. Of course there are politics, frustrations, challenges and of course there are tense times but this is all part of doing something new and inspiring (remember the journey Apple took to get to where it is today!). RMS didn't give up and the initial blow was a difficult one to take. I am proud to say I worked at a company with such bravery at its core and fingers crossed they will prove the critics wrong and release RMS(one) in the near future.Cons
If you want to be a cog in an already established machine, do not join this company! You will hate it and frankly will be wasting both your and the companies time. That said, RMS does need to improve on many aspects. They need to know their strengths and their weaknesses, and they have many of both. RMS can feel like a tightly knit family at times - which is great in many ways - but sometimes difficult decisions need to be made with a business mindset, not family loyalty. There are too many people in powerful positions who have been at the company for a long time, but who now simply lack the skills required to take RMS on its new journey. These people frustrate the talented youth of the RMS mid-tier causing them to look else-where.Advice to ManagementAdvice
Let the young talent come through. The people who brought the company to where it is today are not necessarily the right people to lead this new journey, or if they do lead, they must listen and empower/compensate some of the younger stars too. Getting the balance right is key. We need the old-school leaders to guide and optimize the talent of the up and coming. Do not let the mid-tier talent get frustrated due to lack of transparency and ability to steer the ship.RecommendsPositive OutlookApproves of CEO
Getting an Interview
Getting an Interview
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I applied online – interviewed at Risk Management Solutions.Interview Details
Came across the company on indeed career website, filled out the application and submitted my resume online. Process took about 2 weeks then they sent an email asking to complete a video interview. Have not heard anything sinceInterview Questions
Declined OfferAverage Interview
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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.