Risk Management Solutions

  www.rms.com
  www.rms.com

Risk Management Solutions – Why Work For Us?

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.

Hemant H. Shah

Hemant Shah

Cofounder, President and CEO
San Francisco, California, 2011

 

Entrepreneurial opportunity.
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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Risk Management Solutions President Hemant Shah
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    Many teaching moments

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Risk Management Solutions full-time

    Pros

    This is a company that treats people with respect and dignity. Some of the former laid off employees have it just backwards. RMS was giving them an opportunity to grow, to explore different fields, and to get creative by looking for new jobs. Which is really the best feature of RMS: you are challenged in your level of how much BS you can absorb. Leaders from hell, but teachers for life. The lessons I have taken with me are too numerous to count. Number one: don't work on something (software in the cloud) under somebody (e.g. the now ex-CTO) if nobody really knows what they are supposed to be doing. This lesson came at a price ($100 Million plus), but it was the best education I could have asked for. Priceless. Thank you shareholders. Let me know when the servers from the data centers are up for sale.

    Cons

    I wish RMS' money would have lasted a little longer for us to slack around pretending that we're on track. While I fully embrace new challenges, I envy a little all the people that can still fully ride this wave at RMS. Well done colleagues, you might have some more years to go. And in case you won't get a bonus this year (why would you want that anyway), it might be time to get used to it.

    Advice to ManagementAdvice

    I believe things are going in the right direction, whether that's up or down -- who cares. Maybe another day off per week would be good, folks could get a lot of things done at home (gardening, applying for jobs, stand by the letter box to hear the checks come in).

    Recommends
    Positive Outlook
    Approves of CEO

Risk Management Solutions Interviews

Updated 10 Sep 2014
Updated 10 Sep 2014

Interview Experience

Interview Experience

72%
12%
16%

Getting an Interview

Getting an Interview

51%
35%
6%

Interview Difficulty

3.1
Average

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Average

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  1.  

    Risk Analyst Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied through an employee referral. The process took 2 weeksinterviewed 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 etc

    Interview Questions
    • 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
    Negotiation Details
    Please negotiate. i couldn't though.
    Accepted Offer
    Positive Experience
    Average Interview

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Additional Info

Website www.rms.com
Headquarters Newark, CA
Size 500 to 999 Employees
Founded 1988
Type Company - Private
Industry Insurance
Revenue $25 to $50 million (AUD) per year
Competitors AIR Worldwide, EQECAT

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.

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