Risk Management Solutions

  www.rms.com
  www.rms.com

Risk Management Solutions Reviews

Updated October 27, 2014
Updated October 27, 2014
182 Reviews
2.8
182 Reviews
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Risk Management Solutions President Hemant Shah
Hemant Shah
129 Ratings

Review Highlights

Pros
  • Good work life balance,ample growth opportunity if you are a self learner (in 19 reviews)

  • There are lot of smart people here to work with (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 Highlights

55 Employee Reviews Back to all reviews

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  1. 6 people found this helpful  

    Hubris

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Newark, CA
    Current Employee - Anonymous Employee in Newark, CA

    I have been working at Risk Management Solutions full-time (more than an year)

    Pros

    Enjoy the camaraderie of 'worker bees'. The campus is beautiful. Benefits are comparable to the valley's norm. Work/life balance is good.

    Cons

    One word: hubris. Hubris (from ancient Greek ὕβρις) means extreme pride or self-confidence. When it offends the Gods of ancient Greece, it is usually punished. Some of the leadership suffer from hubris. And they won't even consult the Gods of Silicon Valley (oh you know, the people who actually know what they're doing)... and they will be punished the way companies are when they are led by truly incompetent leadership.

    Advice to ManagementAdvice

    Understand what you are suffering from. Hubris often indicates a loss of contact with reality and an overestimation of one's own competence, accomplishments or capabilities, especially when the person exhibiting it is in a position of power. Now think about that... what do really bring to your roles? An engineer, civil engineer, insurance data analyst who think they can run sales, marketing and bring a SaaS application to market. Uh, here's a hint: you can't. Which leads to the politics. It's exhausting... and that's the thing, anyone who has been there for a while or has the right initials after their name, are free to think they can do any job. You can't... hubris.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 5 people found this helpful  

    A company in struggle

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

    I have been working at Risk Management Solutions full-time

    Pros

    It's honestly hard to find some "Pros" in this particular moment of RMS' history. Senior Management has no clear view of the future, nonetheless, they still think the new platform will be ready in early/mid 2015 (or at least that's what they tell the other employees). I really have no idea how they can think to deliver a whole new platform in such a limited amount of time with no clear leadership. Meanwhile, the investors' meeting was awful and the 2015 RMS clients' conference is coming up... what are we going to tell clients this time?

    Cons

    There is no cohesion among different groups of the company (especially between the model development and the software development groups). Model dev is working towards the so-called "HD models" and doesn't even have a platform to start testing and calibrating them! At this point, I don't see how some HD models, such as Japan Typhoon, Euro Flood, New Zealand Earthquake and North America Earthquake, can even get out of the "house". My prediction is that RMS will have to release most of them (if not all) still on RiskLink rather than RMS(one).

    Lots of employees are either not motivated or not willing to work hard enough! I'm not sure what's the source of the problem in this case, all i can suggest is to remove those employees and hire better ones. Office is not the place where you spend time on youtube watching movies, not the place where you constantly monitor your personal email and stocks, nor the place where you play with your smartphone for hours. Managers should be more demanding.

    Another issue: HR seems to still be making fun of all the employees. An example? they recently sent out a letter to all the US employees stating that they are PLEASED to announce a mandatory week off at the end of the year. in other words, They are basically PLEASED to force all US-based employees to take 4 days of PTO. Why not using the right words?... We are sorry but we need to force you to take PTO so we can save some money. it's that simple!

    One last point: Salaries are not that great. Being the company HQ located in the bay area, most employees are forced to live in the sketchy east bay rather than the nicer areas (SF or peninsula).

    Advice to ManagementAdvice

    Be honest and transparent to your employees. Stop promoting people who don't deserve to be promoted! Hire qualified employees for the crucial senior positions managing platform and cloud operations, not people with bachelor degrees in chemistry or geography.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 14 people found this helpful  

    Robbers of your youth!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Catastrophe Modeler in Newark, CA
    Current Employee - Senior Catastrophe Modeler in Newark, CA

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

    Pros

    There are some smart and nice people here,

    Cons

    BUT middle management is hand-picked by the senior management and senior management are a bunch of people who are personal friends of the CEO and can do no wrong (not to mention stuck in the dark ages of tech). The reason there were massive layoffs and the reason why they are having to release a new version of a program that was supposed to be defunct is because of their lack of intelligence and management. Model development is where science goes to die in the Newark office. You will leave here with fewer prospects than when you started as you see models being built in EXCEL, freaking EXCEL! They use 1990s technology, SQL, really?! DO not work here if you want to advance your career as a scientist or a janitor or even just a guy who hangs out on the street in front of buildings, you will regret it!

    Advice to ManagementAdvice

    Hold the people really responsible for failure accountable. When I went to HR to complain about the unfair hiring and promoting and general business practices I was told they were powerless to do anything because the high ups refused to let them take action (And they said this isnt the first time they had had this complaint!). Let HR do their damn jobs!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 11 people found this helpful  

    The wrong people thrive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in Newark, CA
    Current Employee - Software Engineer in Newark, CA

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

    Pros

    - Most people - most of them - were very nice.
    - Nice facility.
    - CEO is loyal.

    Cons

    - CEO is loyal (see what I did there ;-)) Really, this is usually great, except the wrong people are still there and thrive.
    - No direction - Still! They can layoff as part of a planned direction and then can't communicate the direction.
    - Except for the 'core' product there's no future of anyone ever thinking we've done a great job.

    Advice to ManagementAdvice

    Put the right people in place. Of course this would mean replacing some of you. Getting rid of the CTO was smart, but now who's running this project? No one qualified. Other departments are the same. Give you an example: QA - why get rid of the one guy who was recruited to be here and won an 'Impact Award' and was great at his job. Only to replace him with what?? Another: Marketing - why wipe out it's leader and team that was doing well, only to leave the weakest links in charge? I have many more, but why go on? I need to move on...

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 13 people found this helpful  

    They asked me to write a review then laid me off

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Principal Software Engineer in Newark, CA
    Former Employee - Senior Principal Software Engineer in Newark, CA

    I worked at Risk Management Solutions full-time (more than 3 years)

    Pros

    - I don't work there anymore.
    - Flexible schedule since management doesn't know where you are or what you are doing.

    Cons

    - No interaction with management
    - Can't deliver a "next generation" product
    - Constantly changing priorities, technologies, vision, etc. (Ex. Identifying me as someone that might be willing to write a positive review on Glassdoor then laying me off)

    Advice to ManagementAdvice

    Executive Management should step aside and bring in someone that can develop and execute a vision for the company.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 15 people found this helpful  

    Company In Chaos - Beware

    • 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

    Tries to be employee friendly. Includes education & training, free lunch one day/week, nice environment & campus.

    Cons

    Lack of clear vision and reality of what it takes to create a major cloud-based platform and product suite resulted in massive frustration and massive layoffs and massive employee attrition. To the latter point, hundreds of people have either been terminated or otherwise left the company in calendar Q2 and Q3 of 2014.

    Advice to ManagementAdvice

    To succeed with RMS(two), create a separate and independent subsidiary with the appropriate skills and experience.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 7 people found this helpful  

    Layover or stopover company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Network Guy in Newark, CA
    Former Employee - Network Guy in Newark, CA

    I worked at Risk Management Solutions full-time (more than 5 years)

    Pros

    Great benefits, gym, 1 day free lunch, competitive compensation
    Try to get in the right department or group and you should be ok
    Cash cow company so got $$
    Great learning opportunity, especially cloud related, to move to another company

    Cons

    appear to have unfair hire and fire mentality under poor management
    Certain departments or BU have low morality due to management
    All the money seems to go to a fatter middle management meaning more manager and directors. Did I just say too many chiefs and not enough peons
    Certainly doesn't have the startup feel as to talk or work with others. It is highly structured environment - depending on your role, expect to open tickets just to talk to someone or attend lots of meetings.

    Advice to ManagementAdvice

    Cloud platform/service management team is the newest boy of the block but appear to be the bad apple in the bucket. The Cloud top management has only been around for 3 years and I would give them an "F" each year. Sadly enough, all the money is going into the cloud which is great if you can get into that group to learn and leave.
    If someone does end of working here, make sure you are in the right department and have a good manager
    My main advice is to top management - talk to your top engineers. Make sure it is safe for them to talk so that may be you will get a clue

    Recommends
    Negative Outlook
    No opinion of CEO
  9. 27 people found this helpful  

    Lack of Accountability from Senior Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Risk Analyst in Hoboken, NJ
    Current Employee - Risk Analyst in Hoboken, NJ

    I have been working at Risk Management Solutions full-time (more than an year)

    Pros

    Lots of learning to be had for someone who would like experience in the Insurance/Reinsurance Cat Modeling Business

    Cons

    Large iniative to roll out new flagship product RMS One, bombed in Apri 2014. Since then, the CEO has repeatedly said that he is ultimately responsible numerous times. Meanwhile, he has begun major layoffs. I witnessed, just today, at least 10 people in my off be walked out. The company can afford to pay for lunch every Wednesday, keep a fully stocked free snack bar, pay in for a company perks plan and the other numerous programs that wasteful spending is done on, and they can't afford to pay employees? They knew this was a problem in April, and yet continued to hire more people; including paid graduate interns. This company has proven its just like every other company. For all the lip service about valuing employees, at the end of the day, employees don't matter at all.

    Advice to ManagementAdvice

    Buck up and take responsibility for your mistakes. Hemant Shah should step down or be terminated for his complete and utter failure as a leader.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 17 people found this helpful  

    Layoffs !!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Software Engineer in Newark, CA
    Former Employee - Senior Software Engineer in Newark, CA

    I worked at Risk Management Solutions full-time (more than 5 years)

    Pros

    - lunch and snacks
    - free gym, and shuttle to bart station

    Cons

    - They laid off half of the organization (includes Software engineer, QA, HR, Product Management)
    - RMS (One) is failure and now they are trying to re-build it using open stack
    - They don't know what platform they wanna build
    - No vision
    - Hiring and firing company (some engineers were hired 6 months back and now they got laid off)
    - After laid off they only gives 6 days for H1b people to find a new job

    Advise: don't join this company ( they will try to give you more money and after some time you will get laid off or get fired) before joining this company please talk to some one who worked for RMS in past.

    Advice to ManagementAdvice

    Don't hire and fire

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 17 people found this helpful  

    Poor C-level leadership besides CFO

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Manager in Newark, CA
    Former Employee - Operations Manager in Newark, CA

    I worked at Risk Management Solutions full-time (more than 5 years)

    Pros

    It was fun till operations started hiring to support new cloud initiative.

    Cons

    Product in the cloud will not work, poor choice in the future. Too much data, security issues and stability will be a problem for RMS one to work.

    Advice to ManagementAdvice

    Retire and ride off into the sunset.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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