Master Class on Enterprise Risk Management

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Event Details

Master Class on Enterprise Risk Management - Feb 28, 2020

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 & Strategy :

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 for a Company.

  •   Broad Strategy to achieve ISO 31000 certification in ERM for the organization

  •   Regulatory Expectations on ERM

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 

  •   Use of Analytics in Enterprise Risk Management

 
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

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

Mr. Delzad D. Jivaasha is a sought after key note speaker and is invited by leading institutions, premier industry bodies and forums. He speaks on contemporary areas related to Enterprise Risk Management, Risk Management Intelligence, Fraud Risk Management, Information Technology & similar topics of significant current relevance in Corporate Governance. 

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 as the Lead- Enterprise Risk Management and is responsible for driving 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. 

Board Room, Bombay Chamber, The Ruby, NW-4th Floor, Dadar (W), Mumbai – 400028

Mr. Ajay Balgi,

Email :  infrastructure@bombaychamber.com

Tel : 022-61200264


Mr. Pravin Rane,

Email :  shipping@bombaychamber.com

Tel : 022-61200219

 Participation Fee :   

Members  Rs. 2500 + 18% GST 
Non-Members  Rs. 3000 + 18% GST 
Discount 10% discount if 3 or more participants & 15% discount if 6 or more participants from one organisation

Bank Details for NEFT

Account No.

10996680930

IFSC CODE

SBIN0000300

Bank Name

State Bank Of India

Branch Address

Mumbai Main Branch

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

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