Risk Management Solutions Reviews

Updated August 27, 2015
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Risk Management Solutions President Hemant Shah
Hemant Shah
46 Ratings

Pros
  • good colleague reationship, good work-life balance (in 20 reviews)

  • meritocratic organisation - smart people do well (in 13 reviews)

Cons
  • Large iniative to roll out new flagship product RMS One, bombed in Apri 2014 (in 9 reviews)

  • Should invest more heavily in product and model development to exceed client expectations (in 5 reviews)

More Pros and Cons

67 Employee Reviews

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  1. Helpful (6)

    Rearranging deck chairs on the Titanic

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hoboken, NJ
    Current Employee - Anonymous Employee in Hoboken, NJ
    Negative Outlook
    Disapproves of CEO

    I have been working at Risk Management Solutions full-time (More than 5 years)

    Pros

    Pros are what everyone else says, smart people, free food on Thursday, volleyball, free gym. Good benefits and chances for travel.

    Cons

    CEO is over his head and constant changes in the leadership team aren't doing anything to turn around the company or launch RMSnone. Supposed to deliver RMSnone and HD models in 2015 and they are scrambling to find a way to make it look like we are delivering it. Share price dropped from 58 to 40 last year and will no doubt continue to tumble. This company used to be the crown jewel of the industry and is being run into the ground.

    Advice to Management

    It's too late for advice. You ignore what people write here and continue to lie to employees and DMGT about when and what RMSone will be released and what the product actually is or isn't. Wasn't DMGT supposed to be having more direct oversight? One exec showed up at a few all hands meetings and has disappeared. Park someone in Newark and take control before this company crashes and burns.


  2. Helpful (9)

    Confused company with some cash reserves which may not last long

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Newark, CA
    Former Employee - Anonymous Employee in Newark, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nothing, do not join this company. it will ruin your future

    Cons

    Company is full of Cons


  3. Helpful (20)

    Dying a slow, painful death

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hoboken, NJ
    Current Employee - Anonymous Employee in Hoboken, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Risk Management Solutions full-time (More than 5 years)

    Pros

    Intelligent colleagues with passion and understanding of the unique business we're in. Compensation, benefits, great work/life balance in most areas.

    Cons

    There is a SVP poison oozing down into the ranks and its causing a slow, agonizing death of the employees and the company as a whole. What once was a very harmonious, collaborative environment has become a game of survival and the most poisonous wins. Self-grandeur among the SVPs who praise and applaud the same in their teams is spreading among VPs and the like. Their venom is creeping into the company's veins and it's only a matter of time before the entire organization has been infected.

    Advice to Management

    Get rid of the poison, inject the anti-venom and hope it's done in time to save the good people who are left. Advice to the VPs, you think you're immune but the truth is, you're already poisoned. You've changed without knowing it and you're responsible for spreading the poison further into the organization. There's about to be a mass exodus of the great people who keep this company's high standards, uniqueness, and client satisfaction as top priority over self-grandeur. You'll doom the company if you allow them to leave.


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  5. Helpful (18)

    Dysfunctional Organization

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Compensation and benefits are competitive

    Cons

    Outsourcing to avoid ability to be blamed for failure Departments practice a buddy system Actions are inconsistent with corporate culture Too many managers, too many conflict of interest Poor overall management notably in problem comprehension and planning

    Advice to Management

    Take time to plan thoroughly. Make decisions based on facts and consistent with the corporate culture. Value your employees, don't make them feel they are easily replicable and utilize them for your advantage. Rather than replacing them and suffer through a learning curve, communicate your point of view and to achieve a common goal.


  6. Helpful (4)

    Worst Company to work with

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in Newark, CA
    Current Contractor - Anonymous Contractor in Newark, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Risk Management Solutions as a contractor (Less than a year)

    Pros

    Other than good pay structure, nothing

    Cons

    Too much office politics. No one works but just involved in politics. Management is only concerned why others are happy and why they are enjoying. They will sit in office until 9PM with no work, but will show that they are working very hard. No one cares about the company objective, but only about how to make number and show that they are very busy. Managers bad mouth about others and only talk bad about others an try to show that they are the only people who work and rest just come to office for time pass.

    Advice to Management

    Change the management and hire some people who want to work and not do politics


  7. Helpful (11)

    Titlle

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Worker in San Francisco, CA
    Current Employee - Worker in San Francisco, CA
    Doesn't Recommend
    Negative Outlook

    I have been working at Risk Management Solutions full-time (More than a year)

    Pros

    I can't think of any right now

    Cons

    Not many that I can think of

    Advice to Management

    Stop the constant re-orgs and work on valuing your employees, they are not slaves


  8. Helpful (26)

    Potentially the most dysfunctional company in Silicon Valley,

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Risk Management Solutions full-time

    Pros

    Strong client base with a product that clients require. Has traditionally been very profitable.

    Cons

    Completely dysfunctional management structure. HQ in California but sales are handled in Hoboken, NJ and London. Appears to be minimal understanding from CA of the sales challenges. Not really a software or technology company, but a catastrophe peril modeling company. Trying to convert to a SaaS model but missed target deployment by over 1 year..

    Advice to Management

    Need to decide if the company will be a sales oriented company with the required creativity or just a peril model company.


  9. Helpful (19)

    Dunning-Kruger

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Risk Management Solutions full-time (More than a year)

    Pros

    It was a nice campus. There was a gym, fountain and geese running around. The cafe was decent and they brought in free lunch on Thursdays.

    Cons

    The place is rampant with over inflated perceptions of one's capabilities. Let me try and explain: there are a number of highly educated people that don't really use that education or use it incorrectly. For example, everyone seems to walk around as if they are experts in everything. Clearly someone who has studied civil engineering cannot be completely versed all aspects of business. Guess again, they are at RMS. They can make business decisions well beyond the job they were hired for and have no hesitation to give an opinion, no matter how absurd. I think it's because of the Dunning-Kruger effect. For example, if you’re not very good at learning languages, it might be hard for you to tell that you’re not very good, because the very skills that you’d need in order to distinguish someone who’s good from someone who’s not are the ones you lack. That is rampant at RMS. "I talked to the 'client'..." And suddenly there's an expert in all aspects of product, marketing, sales, as well as their job at hand. "I've worked at X company..." And suddenly they can handle things far beyond their scope of knowledge. "I know models..." Now they can make a SaaS application (or not as history has seen).

    Advice to Management

    It's been said here before, you really need to recognize this phenomenon. Particularly at the top, you all suffer from this. Sometimes it's just the amount of time spent at RMS. Sometimes there's just enough politics (that's sarcasm) for people to weasel their way into positions in which they have zero ability 'and' because the person above them doesn't understand it either. Take a deep breath and do some self-reflection; do you 'really' have what it takes? Can you 'really' package those skills and move somewhere else? The ones that could did, voluntary or not. Out here in the real world, your reputation precedes you. It's nothing to be proud of...


  10. Helpful (19)

    Great people, little respect for them

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Newark, CA
    Current Employee - Anonymous Employee in Newark, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Risk Management Solutions full-time (More than 3 years)

    Pros

    Good pay, good benefits, have great respect and admiration for the people I work with every day.

    Cons

    I have the opposite feeling about the people I work for. Most of those in middle and senior-level management abuse their power, and company leadership fosters this type of working environment. The needs of the company never seem to come first; rather the game played by management is how to keep themselves looking good while keeping their subordinates, well subordinate. There are no checks on this -- mangers are given carte blanche to treat their subordinates in any way they choose. The company is losing many of the above mentioned great employees as a result. Employees are not given any opportunity to review their managers -- most fear retaliation for saying anything negative at all. A sad, if not uncommon, byproduct of a company full of people who put their own interests first, and tromp over those who are just trying to do their job as best they can.

    Advice to Management

    Quit pretending you listen to the little guys. Actually listen to them. And forster a culture where people are encouraged, and not fearful, to share what's really going on.


  11. Helpful (21)

    Bad Place to Work - Big Boys Club

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at Risk Management Solutions full-time (Less than a year)

    Pros

    It was OK company to worked for, but then it got real bad.

    Cons

    Very BAD political between IT and Cloud. Contribution wont get considered unless you are connected with big boss. People can get 2 or 3 promotions within 6 months, from Sr technical Architects to Sr Directors. Never seen this happens before in my entire 15 years career.

    Advice to Management

    It's Time to STOP Playing Favorites!



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