International professional communities
Systemic risk is studied by many professions: actuaries, risk managers, quantitative analysts, economists, engineers, climate and data scientists. The Global Risks Alliance (GRA) is designed to work with these communities through research and cooperation on shared, precompetitive questions. That work implies no membership, affiliation or partnership. GRA names a professional body as a partner only with a current permission record, and none is named today. See Global engagement.
- Institution
- The Global Risks Alliance (GRA)
- Service level
- R0: information and enquiries
- 01QuestionNational, regional or institutional priority
- 02EvidenceSTEM foundation of the platform
- 03BuildNexus Foundry
- 04OrganizeNexus Ecosystem
- 05TestNexus Universe (independent site)
- 06PublishNexus Reports
- 07DecideCompetent authorities and institutions, through Nexus Rails
- 08RenewCorrections and the next annual agenda
The short answer.
International professional communities are the actuaries, risk managers, quantitative analysts, economists, engineers and climate and data scientists whose methods finance relies on. GRA is designed to work with them through research and cooperation on shared, precompetitive questions, and names a professional body as a partner only with current permission.
Financial centres and urban exposure in South Asia.
The cities where people, assets and financial activity concentrate, shown for South Asia as an example geography for this subject.
The methods finance relies on come from many disciplines.
Loss and dependence
Loss distributions, extreme-value methods, credibility with sparse data and dependence between risks.
Enterprise and operational
Risk appetite, scenario practice, third-party and operational resilience inside financial institutions.
Hazard and infrastructure
Hazard models, infrastructure dependency and recovery, read for their financial meaning.
GRA's quantitative core is Actuarial and Quantitative Risk, a platform in development.
Bodies whose standards shape the work.
| Profession | Standard-setting body |
|---|---|
| Actuaries | International Actuarial Association and national actuarial bodies |
| Accountants | IASB for financial reporting, ISSB for sustainability reporting |
| Investment professionals | CFA Institute codes and GIPS |
| Risk managers | ISO 31000 guidance |
| Catastrophe modellers | Professional practice under insurance supervisory validation rules |
GRA work cites these standards rather than restating them, and invites practitioners from each profession to review methods in their own field.
What cooperation is designed to involve.
- 01
Shared research questions
Method and evidence questions that no single profession or institution can settle, worked on openly and published where review and rights allow.
- 02
Method review
Invitations to professionals to examine published methods, with their comments recorded.
- 03
Professional learning
Learning in systemic risk and finance readiness, described on Skills and professional learning.
- 04
Individual participation
Professionals take part in a personal capacity under professional participation terms, once adopted.
No implied memberships.
- GRA is not a member of a professional body because it cites its work.
- A professional body is not a GRA partner because its members take part in GRA work.
- GRA issues no professional licence or credential, and completion of learning is recorded only when verified.
- Professional standards remain with the bodies that set them; GRA sets none for any profession.
International by subject, not by presence.
The risks GRA studies cross borders: a cyber incident at a shared provider, a hurricane season, a disruption at a maritime chokepoint. Professional communities that work on them are international too. GRA's cooperation is designed to be international by subject, drawing on the six programme regions of Nexus Consortiums, without implying offices, chapters or representatives in any country. Regional context is set out on Regional programmes, and the science communities of The Global Centre for Risk and Innovation (GCRI) are listed on GCRI specialist network.
Supervisors and other public officials are not members of GRA. Where they take part in open professional work, they do so only in their official capacity and under their own institution's rules.
Terms used on this page.
Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.
| Term | Definition |
|---|---|
| Actuarial science | The discipline that applies mathematics and statistics to assess risk in insurance, pensions and finance. |
| Community of practice | A group of people who share a concern or a craft and learn to do it better by interacting regularly; the term comes from Lave and Wenger's work on situated learning. |
| Affiliation | A recorded relationship, such as accreditation, membership or observer status, between an organization and another body; listing it implies no endorsement unless the other body says so. |
Where this page's references lead.
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
Questions and answers.
Does GRA accredit professionals?
Can a professional association cooperate with GRA?
Does GRA represent the financial professions in policy debates?
Do I need to belong to a professional body to take part?
Around GRA.
Start with an enquiry.
The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.