Master Class on Enterprise Risk Management

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Event Details

Master Class on Enterprise Risk Management - Nov 14, 2018



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. 




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 for a Company.


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 & Risk Management Committees.

  • Assessing & Building a Risk Management Culture across an organization.

  • Building a Risk Intelligent Company 

Mr. Delzad D. Jivaasha is invited as a speaker at leading conferences, events and seminars by premiere forums namely The Institute of Chartered Accountants of India, The Institute of Company Secretaries of India, The Institute of Cost Accountants of India, The Insurance Institute of India, The Legal Era Group, etc. to deliver presentations on several contemporary areas related to Corporate Governance, Enterprise Risk Management & similar topics of 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 & a core committee member of other premiere best practice sharing forums.

Mr. Delzad Jivaasha has also been honoured with the prestigious ‘Risk Manager of the Year 2017’ award by Legal Era Group.

Mr. Jivaasha is currently with a leading private sector general insurance company and is responsible for various diverse and critical initiatives in the Enterprise Risk Management Function. He was previously associated with Eureka Forbes Limited as the Head – Finance & Compliance of the Forbes Professional Division of the Company. 

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 Tolerances 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

"The Ruby”, 4th floor, 29, Senapati Bapat Marg, Dadar (W), Mumbai 400028

Ashwini Ghogare
Tel : 022 61200238, 9004100768
Ms. Lysha Lewis
Tel : 022 61200234
Participation Fee :   
Members  Rs. 3500 + 18% GST
Non-Members  Rs. 4500 + 18% GST

Early Bird Discounts

Register by September 30, 2018

Member: Rs. 2500 + 18% GST

Non-member: Rs. 3500 + 18% GST

Register by October 15, 2018

Member: Rs. 3000 + 18% GST

Non-member: Rs. 4000 + 18% GST


Bank Details for NEFT

Account No.




Bank Name

DCB Bank

Branch Address

Mahim (024), Mumbai

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


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