‘Global Risk Management Institute’ to Partner with ‘Geneva Graduate School of Governance’ in Offering Post Graduate Diploma in Comprehensive Enterprise Risk Management

‘Global Risk Management Institute’ to Partner with
‘Geneva Graduate School of Governance’ in Offering
Post Graduate Diploma in Comprehensive Enterprise Risk Management

Years of increasing economic pressures in the world since the global financial crisis led to dramatic political results in the recent past as public disaffection with the status quo gained traction. Global policy responses have further created uncertainties linked to economic stability. Where enterprise strategies used to be devised for 7-10 years, unforeseen risks have forced the corporate world to now strategize for only 3-4 years.

In-depth analysis in 2016 uncovered worrying patterns with clear indications that unemployment and under-employment are the biggest risks in more than a fourth of the 140 economies covered. For the first time, four out of five categories namely, environmental, geopolitical, societal and economic feature among the top five most impactful risks in the world.

There are multiple factors that have dramatically increased the importance and appreciation for Risk Management in the corporate world. The world today is a lot more global and digital, and companies across the globe are turning from national corporate giants to global players. This requires them to be able to rely on the strength of processes rather than the competency and brilliance of a few in the leadership and operating teams. Hence today, one sees a majority of Fortune 500 companies investing heavily in building strong Risk Management practices. This opens up a great career opportunity to aspiring professionals to get specialized knowledge in Risk Management, which is now being seen as the ‘Corporate World Saver’ of tomorrow.

Global Risk Management Institute (GRMI) is the only comprehensive risk management institute in India, going well beyond the conventional financial and insurance sectors in its future driven curriculum. The curriculum with 14 specialized segments covers end-to-end fundamentals of risk management across multiple industry verticals like, finance, manufacturing, banking, retail, hospitality, operational, compliance, credit, as well as nuanced insights across every key industry vertical. The post-graduate diploma they offer will develop a talented and savvy pool of professionals trained to tackle potential or impending risks on every front, be it government policies, business strategies, industry stagflation, conflict or climatic adversities. Many of these risks would be considered unforeseen to the untrained management professional, hence the need for specialization in risk management.

The GRMI team comprising of Mr. Subodh Bhargava, Chairman of the Strategy Board; Mr. Chetan Mathur, Director; Mr. Subhashis Nath, Mentor; among many other pioneers has worked hard to put together an immaculate mix of faculty members with the right blend of international academic excellence and domain expertise in risk management.

Now with GRMI entering into a Strategic Alliance with Swiss University, The Geneva Graduate School of Governance, their students will get the best knowledge and practical experience in comprehensive risk management pertaining not only to India and Asia, but across the world. The first batch of PGDRM will commence from 1st of July 2017 onwards and will have only 15 students in the first batch. The programme will be delivered in 2 semesters of 5 months each, with a 6 weeks corporate internship in between. Another key differentiator of this course will be the quality of case studies backing up the course literature. Case studies have been developed in close association with senior risk executives, capturing experience of Global CXOs from Fortune 500 Companies across the globe and large business houses in India. GRMI also offers Risk Management Development Programmes (RMDP) meant for working professionals who would benefit themselves and their organizations by honing their skills in areas of risk which are relevant in their work space as well as in the larger context. Besides, there are special board programmes for Board & Independent Directors’ Risk Programmes (BIDRP).

With even MBAs finding it difficult to get requisite employment, specialization in a relevantly urgent field will assure far better chances of career placement and advancement. According to Mr. Subodh Bhargava, Chairman of the Strategy Board, GRMI, “Currently, there are hardly any trained risk professionals in India whereas the need for trained professionals cannot be emphasized enough. The Global Risk Management Institute’s initiative to address this vacuum is a pioneering step and will add great value to Indian industry and economy. GRMI will make future business leaders beyond the Indian context thus implementing the Government’s mission of Make in India at the very highest levels. Based on the current status and experience, Indian industry is waiting to welcome professionals with specialized qualifications and practical experience in evaluating and mitigating business risks. The GRMI programme and curriculum are unique and relevant globally, backed as they are by an experienced faculty combining the best from academia and the corporate world. It aims to create a platform for formal training and career opportunity with very strong placement potential in a space with near zero supply to infinite demand.” Mr. Bhargava has been the Group Chairman and Chief Executive Officer of Eicher Group of Companies. He is currently also the Chairman of GSK Healthcare Limited, Wartsila India Limited, Samcor Glass Ltd., among others and Director on the Board of several companies, besides being a Member of the Board of Governors of IIM, Kashipur.

Risk management is beyond financial and regulatory risk mitigation; it also looks at the overall business environment and encompasses managing of strategic, operational, regulatory and compliance risks of an organization.

According to Prof. Bernard Boene, Chancellor, The Geneva Graduate School of Governance (GGSG), “The Geneva Graduate School of Governance could not dream of a more perfect match than GRMI when it comes to institutional partnerships. Both schools share the same central interest in risk management. Together, we will cover business and economic risks as well as physical (natural, industrial, public health and security) hazards. Our association guarantees students a comprehensive grasp of that important theme for action. There is ample reason to rejoice, as we at GGSG certainly do, at the synergies put in place by a collaboration spanning continents, and the kind of international educational experience thus offered to able, forward-looking students with global careers in risk management on their minds.”

Currently, the worldwide risk management market is evaluated at over $40 billion with large corporates spending around $25 million each per year to effectively manage the risks and uncertainties associated with their businesses. But this does not take into account several sectors where risk management is done without formal training. Experts put this figure closer to $2 trillion. Statutory regulations are changing ever so often especially of late. According to the EY database in 2016, more than 25,000 different notifications and circulars were issued by government authorities, an increase of 3 times in the last 3 years. Companies need trained, dedicated teams to go through such changes and devise strategies accordingly.

Mr. Subhashis Nath, Mentor, GRMI states, “Given the universal nature of risk, and having seen Indian risk professionals achieve tremendous success in the global arena; I was clear that GRMI needed to have a global outlook from its inception. Our composition of the Board of Governors and our vision statement address that efficiently. I am indebted to the members of our Board of Directors and Governors, Strategy Board, and Academic Council for their commitment to mentoring and shepherding GRMI as a pioneering institute in the risk domain.” Mr. Nath is a Senior Global Partner and Board Member at Genpact Enterprise Risk Consulting Services, He has worked for 2 years with the Global Center of Excellence of Ernst & Young, and 9 years with Arthur Andersen.

According to Mr. Chetan Mathur, Director, GRMI, “Risks are necessary for business growth. Our aim is to cultivate and promote a generation of risk-intelligent professionals who are ready to navigate in a complex corporate environment, equipped with the knowledge of global markets and understanding of how risk and technology permeate every type of business. On graduating from GRMI, our students will learn to spot emerging market trends and capitalize on them for competitive advantage.” Mr. Mathur is former Senior Director, PepsiCo.

As a specialized institute, GRMI recognizes the need for a multidisciplinary approach in the ever evolving arena of risk management around the world. The Institute actively works with industry experts to develop new educational programmes, thought leadership and continuing professional development. Deep domain knowledge combined with experiential learning imparted by an exceptional faculty team, along with their on-the-job internship programme, will make GRMI graduates extremely relevant and valued in their profession, whether in reputed consulting firms or in large corporations. There is an uncompromising 100% placement guarantee for GRMI students.

Post completion of PGDRM in June 2018, students would have the option to pursue a 7 to 10 week program in advanced Risk Management in Geneva or online for a Masters in Risk Management with the Geneva Graduate School of Governance.

www.grm.institute

For Further information please contact PR Grid:
Ajay Garkal/Jitendra Parmar/Richa Katiyar
911141431044, 41431455, 9810632344, 9818410072

Global Risk Management Institute (GRMI) is the only comprehensive risk management institute in India, going well beyond the conventional financial and insurance sectors in its future driven curriculum.

Jitendra Parmar
PR Grid
W-127, Greater Kailash-1
New Delhi 110048

This release was published on openPR.