Enterprise Risk Management 
Last date for registration: 28 Jul, 2017
End Date : 09 Aug, 2017
Early Bird Discount Date : 17 Jul, 2017
Residential Early Bird Fee(excluding GST) : Rs. 68,400
Non-Residential Fee(excluding GST) : Rs. 70,000
Non-residential Early Bird Fee(excluding GST) : Rs. 63,000
In today’s highly competitive and volatile environment, risk is an integral part of every business. Occurrence of unanticipated risks and ad-hoc handling of events increase the impact of risks due to poorly planned / executed responses. While some elements like financial risk, exchange risk, health and safety have traditionally been assessed, other more important elements particularly strategy are often not covered. This piecemeal approach leaves the organisation exposed to significant uncovered risks. Proper risk management provides a mechanism for identifying risks which represent potential pitfalls. There is a need to adopt holistic approach to risk management.
Enterprise risk management is a comprehensive framework for implementation of risk management practices in organizations. It is a disciplined approach to risk and leads to lowering of risks which are not commensurate with rewards. Managing various risks is the key element for survival and sustained growth in organizations that can ultimately create value for its shareholders.
•To help the participant develop a comprehensive understating of risks in organisation
•To analyze and interpret risk matrix.
•To move beyond compliance to value protection
•To understand the quantification of risk
•Determining and setting risk appetite and fixing the right level of management for risk acceptance
The programme will cover the following broad areas:
•Overview of Enterprise Risk Management
•Understanding different categories of risks and key factors for successful mitigation
•Different frameworks for risk management including COSO framework
•Current practices in risk management.
•Determining Risk Impact and Probability.
•Principles for evaluating inherent risk
Enterprise risk management is a comprehensive framework for implementation of risk management practices in organizations. It is a disciplined approach to risk and leads to lowering of risks which are not commensurate with rewards. Managing various risks is the key element for survival and sustained growth in organizations that can ultimately create value for its shareholders.
Professor Padmini Srinivasan is a Ph.D from the National Law School of India University. She is a Fellow member of the Institute of Chartered Accountants of India and a Member of the Institute of Company Secretaries of India. She also holds a Master’s degree in Commerce. Her areas of interests are Managerial Accounting, Corporate Disclosure Practices, Corporate Governance, and Corporate Income Tax.
Prior to joining IIMB, Dr. Srinivasan has worked in the Industry for more than ten years in various positions in Treasury, Planning, MIS and Accounting As part of the Executive education, she has designed and conducted programmes of short and long duration for a number of organizations including Finance for Non-finance managers.
Mr. A. Subramaniam is a professional with 27 years of Indian and international experience in Enterprise Risk Management, Auditing, Information systems, Fraud investigations, ISO management systems, Training, Consultancy, accounting, data analytics and Business process re-engineering. He is a graduate in commerce and a FCA. He has additional certification in CIA, CISA, ISO 9001 (Quality), 14001 (Environment), 27001 (Information Security) & OHSAS 18001 (Occupational Health and Safety) Lead auditor Subramaniam is Head of Internal Audit at Salalah Methanol Co LLC, Oman. His earlier positions were Chief Executive of BizPro Consultants, Bangalore; member of management team of Audit division of Oman Refineries & Petrochemicals at Muscat, Oman and Audit Manager in RSM – PKF, Muscat, an international audit and consultancy firm.
He has experience in a wide range of industries including manufacturing, banking, oil & gas, contracting, retail, travel, shipping, software, insurance. He has conducted and reviewed projects in the areas of enterprise risk assessments for risk based audit, implementing Enterprise Risk Management, Business Process Improvement, revenue assurance and performance improvement. A member and leader of many fraud and special investigation teams, he is articulate about Fraud Risk Assessment. He integrated Information systems audit, internal audit and management systems audits to deliver superior results.
He has been actively associated with ISACA and was a founder-member and later President of ISACA, Muscat Chapter. He has taken sessions in training programs and seminars conducted by professional bodies and is a Guest Faculty at IIM Bangalore.
Programme Fee and Payment
INR 76,000/- Residential and INR 70,000/- Non -Residential (+ Applicable GST) per person for participants from India and its equivalent in US Dollars for participants from other countries.
Early Bird Discount
Nominations received with payments on or before 17-July-17 will be entitled to an early bird Discount of 10%.
- Early Bird Fee (Residential) INR 68,400/-(+ Applicable GST)
- Early Bird Fee (Non-Residential) INR 63,000/-(+ Applicable GST)
Please Note
All enrolments are subject to review and approval by the programme director. Joining Instructions will be sent to the selected candidates 10 days prior the start of the programme. Kindly do not make your travel plans unless you receive the letter from IIMB.
A certificate of participation will be awarded to the participants by IIMB.
- The programme fee should be received by the Executive Education Office before the programme commencement date.
- In case of cancellations, the fee will be refunded only if a request is received at least 15 days prior to the start of the programme.
- If a nomination is not accepted, the fee will be refunded to the person/ organisation concerned.