To know is to grow | CFA Society VBA Netherlands
Association of Investment Professionals in the Netherlands
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Risk Management for Financial Institutions program

The postgraduate programme Risk Management for Financial Institutions (RMFI) is designed to approach important risk management issues from multiple angles which leads to better decision-making under uncertainty.

The COVID-19 pandemic and the 2008 financial crisis enforce a rethink in risk management. The theory and practice of risk management turned out to be ineffective at protecting the interest of stakeholders. The neoclassical equilibrium paradigm proved to be an insufficient basis for effective risk management practices.

Complex human behaviour was at the heart of numerous disasters and failed to navigate complex environments. This is a reflection of the fact that humans can sometimes be unpredictable, irrational, and overconfident. If we understand the economic and psychological issues of human behaviour we can manage the risk of those disasters, and reduce their magnitude and impact on your organisation when they happen.  

Nowadays academically responsible and practically effective risk management deserves open-minded finance that recognizes that people’s judgements, actions and decisions are affected by altruism, citizenship, fairness, greed, hubris, and other emotional wants and motives. Our RMFI programme is designed to approach important risk management issues from multiple angles which should improve our understanding of the real world and lead to better decision-making under uncertainty. Meet and join us for an extraordinary adventure!​

Who is it for?

Professionals in first, second and third line risk management at banks, insurers, pension funds and asset managers, as well as consultants, actuaries, supervisors and accountants who work with these institutions.

Curriculum and duration

1.5 years on a part-time basis. The Risk Management for Financial Institutions Master programme consists of six modules and a portfolio of papers. It integrates different disciplines to help you become a multi-disciplinary risk manager. For the complete curriculum download the brochure​ or visit the VU website​

Lectures are scheduled on Wednesdays from 16.00 to 20.30 hours.

COVID-19: VU Amsterdam follows the advice of the RIVM for public health. Lectures will be physical as soon as measures allow.


  • A MSc degree from a recognized university, preferably in Business Administration, Economics or Finance
  • At least five years of relevant work experience.


Students of the Risk Management for Financial Institutions program are particularly enthusiastic about the:

  • Multidisciplinary approach, truly unique in the Netherlands
  • Diverse backgrounds  and working environment of the student group enabling students to learn from each other
  • excellent link to practice
  • relevance of topical themes
  • inspiring teachers

MSc, RMFI designation and RMFI register

Graduates from the Risk Manager for Financial Institutions program receive a MSc degree and can qualify for the RMFI designation. In order to receive the RMFI designation, graduates must successfully complete the Risk Manager for Financial Institutions program and become members of CFA Society VBA Netherlands. At which point you can also be entered into the Register RMFI  (Risk Manager Financial Institutions). The RMFI Register is maintained by the Stichting Risk Manager for Financial Institutions.

In order to maintain your RMFI designation you are required to ​engage in professional learning (PL) activities worth at least 60 PL points per period of three years. The starting point is one PL point for one hour effective time spent on professonal learning.

​Personal Data Act and RMFI Register

The Personal Data Protection Act requires that persons must give permission for the disclosure of their personal data to third parties. The RMFI Register may therefore be not complete. Are you included in the RMFI register and your details are missing on this website? Contact Irma Willemsen if you want to be mentioned.

More information

For further information about the Risk Manager for Financial Institutions program and to enroll please refer to the VU website.  

Or contact :

Michelle Habets (education office of the program)
tel. +31 20 598 6159​

Prof.Dr. Willem Verschoor (program director)
tel. +31 20 598 6159​

Candidate membership CFA Society VBA Netherlands

Registered candidates in the RMFI Program can apply for candidate membership of CFA Society VBA Netherlands for only 80 euro per year for up to three years. It is a local membership, meaning you will have access to benefits offered by CFA Society VBA Netherlands. Read here all benefits and how to apply.

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