Risk Management Solutions

  www.rms.com
  www.rms.com

Risk Management Solutions Reviews in London, England

Updated December 18, 2014
Updated December 18, 2014
191 Reviews
2.8
191 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Risk Management Solutions President Hemant Shah
Hemant Shah
135 Ratings

Review Highlights

Pros
  • Good work life balance,ample growth opportunity if you are a self learner (in 20 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

23 Employee Reviews Back to all reviews

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  1.  

    Slowly getting better, but still a way to go..

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in London, England (UK)
    Current Employee - Manager in London, England (UK)

    I have been working at Risk Management Solutions full-time (more than 8 years)

    Pros

    The people and entrepreneurial attitude

    Cons

    Key decisions still being made by individuals in California who don't have sufficient client knowledge, but think they do. Still not validating with those in Hoboken, London and Zurich that do.

    Advice to ManagementAdvice

    Lots of changes recently in senior management and their roles which is mainly for the better. HR in California is still awful and out of touch with the rest of the organisation, but team and especially Head hasn't changed.

    Unfortunately Hemant is out of his depth in many areas as good at ideas, but won't admit that poor at execution. Hemant please become chairman and get a new CEO - impressed with Suresh so far...

    Recommends
    Neutral Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    The best way to spend your PhD

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Catastrophe Modeler in London, England (UK)
    Current Employee - Catastrophe Modeler in London, England (UK)

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

    Pros

    Highly challenging environment. model development team is outstanding in expertise, team playing and competence. Very friendly working environment.

    Cons

    As the company is the leader in his industry there is often the pressure to be always at the top.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 7 people found this helpful  

    They got knocked down, but trust me, with their business model and market footprint, they'll get back up again.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in London, England (UK)
    Former Employee - Manager in London, England (UK)

    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.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 15 people found this helpful  

    Interests of shareholders, management and employees are completely misaligned...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in London, England (UK)
    Former Employee - Manager in London, England (UK)

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

    Pros

    Some great colleagues who we will soon seen at the top of other, more innovative and merit driven companies ;-)

    Cons

    Company is at the edge of the cliff where it was brought by top management (particularly CEO and ex-CTO Philippe Stephan).
    It's amazing how long it managed to stay above the water taking this walk over swamp. Interests of shareholders, management and employees are completely misaligned - while DMGT owns 99% top management still treats it as personal sandbox with crazy level of politics and "friends" protectionism.. It was reported that platform is on track all the way to launch (now postponed to 2016). With no equity given to engineers and scientists it didn't manage to attract proper talent (instead lost quite many like Peter Nakada, Dag Lohmann, now CEO at KatRisk LLC, and Robert Bentley, now president of Marsh's US and Canada Division). Most of such "great" software engineering was done by fixed term contractors from bodyshops...
    Hiring practices are questionable as well. Why would you put at mid-senior levels people with no connections in the industry, no technical understanding of RMS business and no charisma/leadership qualities? Such "managers" grow bureaucracy and hire conformists who want challenge their poor judgement.
    Best way to climb career ladder in this company is to meticulously attend all (and largely useless) conference calls and meetings and compete in writing multi-A4 and blurred emails. Even better way is to create them ;-)

    Advice to ManagementAdvice

    Praise the engineering and scientific people at the company who still bring you cash
    Less arrogance to clients, listen what industry wants and needs
    Listen to employees feedback on managers (vs. current system that only managers rate their reports)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Leader in a changing industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Analyst in London, England (UK)
    Current Employee - Senior Analyst in London, England (UK)

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

    Pros

    Intelligent people and challenging target, RMS provides great learning opportunities just as in small and flexible companies, flat hierarchy

    Cons

    A bit of politics, but probably not more than in other realities

    Advice to ManagementAdvice

    Coordinate better across organizations

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Fast growing company

    Current Employee - Manager in London, England (UK)
    Current Employee - Manager in London, England (UK)

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

    Pros

    Exciting , new tech, friendly colleagues, good benefits

    Cons

    not well known, too many directors

    Recommends
    Positive Outlook
  8. 1 person found this helpful  

    challenging and exciting work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant in London, England (UK)
    Current Employee - Consultant in London, England (UK)

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

    Pros

    Lots going on in the company, new technology, new products and lots of change making the workplace a very dynamic and exciting environment. Work life balance is good and people are very smart, committed to the job and helpful to newcomers!

    Cons

    The unknown path of the new product sometimes mean it can be frustrating to understand where we are going. Sometimes the global nature of the firm can mean communication can be tricky.

    Advice to ManagementAdvice

    Keep pushing on for RMS(one) and make sure development pace continues!

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Friendly and interesting company to work in that is driving change in the cat modelling industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Consultant/Manager in London, England (UK)
    Current Employee - Senior Consultant/Manager in London, England (UK)

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

    Pros

    RMS is an enterprising company to work at, with plenty of opportunity for job growth. With the upcoming release of RMS(one), the company is a very exciting place to work due to the changes internally, and those within the market. RMS has always been the leader in the cat modelling sphere, which is a fascinating area to work in - I am able to combine my interest in science, in particular geophysics, with the business world. Everyone at RMS is friendly, with regular pub trips and team building activities.

    Cons

    My particular job requires flying around a lot which was very exciting to start with, but I now try to base myself at home more.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Great place to work!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in London, England (UK)
    Current Employee - Manager in London, England (UK)

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

    Pros

    Friendly and stimulating working environment. Very smart colleagues that share great ideas so that you constantly get an additional motivation. Innovative in the business, this is the place where the brillian ideas for the insurance market get implemented!

    Cons

    Within the flow of new ideas there is a natural selection so that many very interesting thing don't get implemented. Also within the large organization priorities and deadlines are not always clear.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    an exciting place to be

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at Risk Management Solutions full-time (more than 8 years)

    Pros

    - great people committed to ambitious targets
    - meritocratic organisation - smart people do well
    - entrepreneurial, and willing to back good ideas
    - technologically innovative, and now embracing the latest tech trends
    - a real-world application grounded in science
    - the nature of the business means quickly changing priorities, and therefore new challenges

    Cons

    - if you don't like change, this is not the place for you
    - company learns as it grows, so makes its fair share of mistakes

    Advice to ManagementAdvice

    - need more space in London!

    Recommends
    Positive Outlook
    Approves of CEO

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