Master Class on Enterprise Risk Management

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Event Details

Master Class on Enterprise Risk Management - Jun 14, 2017

Setting the Context – ARE YOU WELL PREPARED FOR RISKS COMING YOUR WAY?

 

ERM is a subject which has gained increasing prominence across the globe following a spate of incidents which have resulted in the collapse of organizations. The one common factor which has resulted in the downfall of these organizations has been poor Risk Management Practices.

Companies need to be adequately prepared to handle various diverse complex risks in the world of VUCA (Volatility, Uncertainty, Complexity & Ambiguity) and the same can be achieved only through proactive & strong risk management practices.

 

ERM – The Broad Perspective :

Enterprise Risk Management (ERM) is about evaluating the holistic impact of risks and ensuring proactive and strong management of risks confronting an organization.

Gone are the days when a reactive approach could also save companies.

 

Today – PROACTIVE & STRONG MANAGEMENT OF RISKS IS THE NAME OF THE GAME.

 

Why Organizations would FAIL, without ERM?

  • ERM enables people to expect & manage the unexpected and accordingly have plans in place to facilitate acceptance of available opportunities & ensure that risks do not adversely impact an organization.

  • ERM ensures that the organization continues to grow with a strong contribution to its bottom line and delivering through meeting all stakeholder expectations.

  •  An organization with robust risk management practices has the potential to stand the test of time and come out unscathed in spite of all difficulties.

Topics Covered :
Session 1:
Building ERM into Organizational Strategy
  • Setting the context for ERM in the VUCA world.

  • Organizational Governance Structure to undertake effective ERM & ensure accountability.

  • Perspective into key risks confronting an organization e.g. strategy risk, credit risk, operational risk, market risk, etc.

  • Building an entity level & business unit risk profile through risk identification, assessment, evaluation and treatment.

  • Defining the Company's Risk Appetite Statement.

  • Understanding and building Risk Tolerances.


Session 2:
Operationalizing ERM from a Company Perspective
  • Putting in place Entity level policies and procedures.

  • Steps to build and undertake a robust Risk & Control Self-Assessment (R & CSA) framework.

  • Developing Key Risk Indicators (KRI’s) for various types of risk.

  • Understanding, with examples, comprehensive Risk Management Dashboards for presentation before the Board of Directors.

  • Assessing & Building a Risk Management Culture.

  •  Building a Risk Intelligent Company

Delzad D. Jivaasha
B.Com., LL.B., ACA, ACS, ACMA, DISA (ICAI), FIII

Mr. Delzad D. Jivaasha is a sought after key note speaker & is invited by premiere forums namely The Institute of Chartered Accountants of India, The Institute of Company Secretaries of India, The Institute of Cost & Management Accountants of India, The Insurance Institute of India, etc. to deliver presentations on  several contemporary areas related to Enterprise Risk Management, Risk Management Intelligence, Fraud Risk Management, Information Technology & similar topics of significant current relevance. 

Mr. Delzad Jivaasha is a core committee member of the Information Systems Audit Study Group of the Institute of Chartered Accountants of India & other premiere well known and best practice sharing forums. 

Mr. Jivaasha is currently with ICICI Lombard General Insurance Company Limited, an ICICI Bank Group Company and is responsible for various pioneering, diverse, challenging and critical initiatives in the Enterprise Risk Management function of ICICI Lombard.

He was previously associated with Eureka Forbes Limited, a Shapoorji Pallonji Group Company, as the Head – Finance & Compliance of the Forbes Professional Business of the Company.  In his role at Eureka Forbes Limited, Mr. Jivaasha was responsible for driving the Working capital Management, Business Strategy & Analysis, Management Reporting, Legal & Compliance & other initiatives of the Forbes Professional Business. 

Mr. Delzad Jivaasha is a Chartered Accountant, a Company Secretary & a Cost and Management Accountant. 

He is also a First Class Law & a Distinction Commerce Graduate from the University of Mumbai & has the Information Systems Audit (DISA) post qualification course from the Institute of Chartered Accountants of India (ICAI). 

He is a Fellow of The Insurance Institute of India and has also successfully cleared, with Distinction, the Risk Management Examination from CII, London.

Broad Objectives :

This workshop aims at:-

  • Comprehensively covering and giving the delegates a strong view and understanding of various critical concepts, key elements and best practices related to ERM.

  • Adequately equipping the stakeholder delegates to implement & drive ERM successfully in their respective organizations.

  •  Making the ERM framework stronger and more robust for those organizations who have already implemented ERM

 
Key Takeaways
  • Building Risk Management into Organizational Strategy through a strong Risk Management Framework.

  • Ensuring a robust Organizational Governance Structure to ensure Corporate Governance & accountability.

  • Developing & Strengthening the Risk Appetite and Risk Tolerance of a Company.

  • Conceptualizing and developing Risk & Control Assessment activities, Key Risk Indicator’s (KRI’s), Risk Management Dashboards, etc. for effective monitoring of risks.

  • To implement risk intelligent decisions for driving the organizational performance and strategy successfully.

  •  To build up a risk mature company with the ability to handle various diverse and complex situations.

 
Who Should Attend ?

The following stakeholders, amongst others, would be in a strong position to take effective important decisions confronting an organization, post attending the event :-

  • Directors of Companies

  • Heads of Risk Management Functions

  • Functional Heads- Corporate Finance, Accounts and Controlling

  • Functional Heads - Human Resources

  • Functional Heads - Legal & Compliance

  • Functional Heads - Information Technology

  • Heads of Audit Functions

  •  Middle and senior level managers involved in various forms of insurance and risk management activities for an organization

Time: 10.00 am to 1.30 pm,
Board Room, Bombay Chamber of Commerce & Industry, ‘The Ruby’, NW-29 Senapati Bapat Marg Dadar (W)  Mumbai 400 028.
Ashwini Ghogare
Phone: 61200238, 9004100468
Participation Fee :  Applicable

Bank Details for NEFT

Beneficiary Account No.

10996680930

IFSC CODE

SBIN0000300

Bank Name

State Bank of India

Branch Address

Mumbai Main Branch, Mumbai Samachar Marg, Mumbai- 400 001

MICR Code   

40000 2010

 Cheque /Demand Draft should be drawn in favor of “BOMBAY CHAMBER OF COMMERCE AND INDUSTRY”.

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