This concept to establish a Professional Community (PC) of Risk Managers in Jordan arose
owing to three primary drivers as follows:
1. The CBJ has mandated the adoption of the new Basel II regulatory regime for
Jordanian banks and the associated risk management department and functions to
implement the new regime.
2. The new risk managers in the Jordanian banks for the most part have no experience in
formalized risk management functions and are essentially “learning on the job” by
attending domestic and international training programs, some of which have been
sponsored by USAID through Jordan Economic Development Program (SABEQ)
3. SABEQ InsTran has already begun pilot programs to establish Professional
Communities (PCs) in Human Resources and Trade Finance and are available to
provide the technical requirements initially for such a PC.