Risk Management Awards | IRMA Awards

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Good risk management is about being alert, implementing the right controls and taking swift action to mitigate risk during a crisis, therefore, ICICI Lombard and CNBC-TV18 present to you, the India Risk Management Awards. This award is for those who understand and take steps to ensure that the risks are mitigated to the least possible denomination.

The New Normal has redefined the way industries function. While it has made humans firewalled in their homes, it has led to neologism of ‘Boundaryless’ in the form of a ‘boundaryless organization’. A boundaryless organization usually transcends the rigid lines of bureaucracy and divisional boundaries within a corporation and ignore the borders where the corporation itself is separated from its markets, customers, and stakeholders.

The ever increase in remote and mobile workers has led to cyber-criminals targeting remote workers with an unprecedented volume and variety of attacks. And to top it all many paper-based processes are being transformed into digital ones given the crisis at hand, regulations will need to evolve in the coming months to keep pace with business practices.

The 7th edition of the India Risk Management Awards will aid corporations to navigate through these risks and put a spotlight on how they can devise & deploy a ‘Boundaryless Risk Management’ architecture that augments the strength of businesses in the new normal.

MasterClass

The New Normal has redefined the way industries function. While it has made humans firewalled in their homes, it has led to neologism of ‘Boundaryless’ in the form of a ‘boundaryless organization’. Risk Masterclass has helped many businesses make ‘Risk Informed’ decisions and navigate strategies the better way.

“Have made an attempt to shift the focus of insurance cos from being a risk transfer mechanism to becoming a risk partner & developing solutions for corporate clients”

Sandeep Goradia

Head Corporate Solutions Group, ICICI Lombard General Insurance Company

“We have positioned ourselves to be a risk solution partner rather than just an insurance company, who settles customer claims fast”

Mr. Ramanjit Bhalla

VP, Corporate Solutions Group, ICICI Lombard General Insurance Company

“Data is now a national subject & Tech Mahindra has ensured that data, cyber security, risk management, audit, compliances all went hand in hand”

Mr. CP Gurnani

MD & CEO, Tech Mahindra

“We need to maintain our health immunity, do exercise and yoga everyday as well as follow the safety protocols to avoid health risks”

Dr. Naresh Trehan

Chairman & MD, Medanta

“Building a culture of risk management is the best practice for businesses as risk management is an ongoing process”

Mr. Neeraj Gupta

Partner - Risk Assurance Services, PricewaterhouseCoopers India

“In the future all organizations need to focus on regulatory risks for sustainability and environment and climate change”

Ms. Prabha Thomas

Chief Risk and Compliance Officer, Tata Consultancy Services

“Risk, as I see now occupies a board seat, we saw geopolitical risk for the first time because of the pandemic & supplies to some sanctioned countries were banned”

Mr. Mitanshu Shah

Senior Vice President, Alembic Pharmaceuticals Limited

“Organisations need to improve their stance on automated manufacturing and plan a boundryless risk management structure to mitigate future risks”

Ms. Jyotsna Sharma

CFO and Head of IT, Bridgestone India

“COVID19 pandemic has shed light on the risk of excessive dependence on global supply chain or on a single source. Adopting a new supply chain model is the need of the hour”

Sangita Reddy

Jt MD, Apollo Hospitals & President FICCI

“There are 5 pillars of risk management - Workforce, Security, Communication, Operations & Supply chain, Finance & Liquidity”

Vijayanush Narasimhan

CFO, Cisco India & SAARC

“Mental wellness wasn't a point of discussion in the corporate world in the pre-COVID era but it is now with the emphasis on work-life balance & will continue going forward”

Alok Agarwal

Executive Director, ICICI Lombard General Insurance Company

“We've introduced marine transit risk prevention activity, IoT for fire hydrants, wellness solution in health space, virtual risk assessment using drones & more helping us with reduction in claims”

Sahil Kangotra

VP Corporate Solutions Group, ICICI Lombard General Insurance Company

“Risk manangement is too imp a function to be outsourced to a third party. Companies operating at lower scale can & should work on a robust budget and should look at a 3-6 month rolling forecast to look at how cash cycle is rolling out.”

Amit Harlalka

Deputy CFO, ArcelorMittal Nippon Steel India Limited

“Talent risk from retention, working, health & safety point of view was one of most important risk we faced. It was addressed immediately by engaging with them periodically.”

Ballav Mundra

CFO, Hexagon Capability Center India Private Limited

“Analytics & data in today's world is of utmost importance & companies need to work on ground level & have strategies to manage digital risks.”

Unique Kumar

Group Chief Information Security Officer, CK Birla Group

“A combination of multiple systems & solutions need to be orchestrated for complete operations to be ongoing with multiple backups in place, to ensure cyber outages are mitigated.”

Venkatraman G S

CFO, Subex Ltd

“Set up a governance mechanism to determine risks, define a risk appetite statement, communicate it with employees & carry out the risk assessment exercise.”

Prag Wadhawan

Executive Director, PwC

CHIEF GUEST

Dr. Ram Charan, World renowned Business Advisor and Author.

Dr. Charan has worked behind the scenes with top executives at some of the world's most successful companies advising them on their business strategies. Always a step ahead in time, he is no stranger to the need of digital transformation and is known for his ability to solve difficult business problems. He is well known for providing advice that is down to earth and relevant and that takes into account the real-world complexities of business. Drawing from his extensive knowledge he gained from working with hundreds of organizations, Dr. Charan not only advises businesses on their strategies, but also provides them with the tools that are necessary to drive success and achieve profitable growth.

Dr. Charan started his business career as a teenager working in a family shoe shop in India. He received an engineering degree, an MBA and doctorate degree from Harvard Business School. After his doctorate degree, he served on the Harvard Business School faculty. He has taught for 30 years at the General Electrics (GE) Leadership Centre at Crotonville and is the recipient of their Bell Ringer Award (Best Teacher). He was among Business Week's top ten resources for in-house executive development programmes.

His real-world solutions, shared with millions through his books and articles in top business publications, have been praised for being practical, relevant and highly actionable — the kind of advice you can use Monday morning. Jack Welch, former Chairman of GE said, “He has the rare ability to distill meaningful from meaningless and transfer it to others in a quiet, effective way.”

Professor Charan has coached more than a dozen leaders who went on to become CEOs. He reaches many more up and coming business leaders through in-house executive education programs. His energetic, interactive teaching style has won him several awards, including the Bell Ringer award at GE’s famous Crotonville Institute and best teacher award at Northwestern.

He was among Business Week‘s top ten resources for in-house executive development programs. Dr. Ram has authored or co-authored more than 30 books that have sold over 2 million copies in more than a dozen languages. Three of his books were Wall Street Journal bestsellers, including Execution (coauthored with former Honeywell CEO Larry Bossidy), which spent more than 150 weeks on the New York Times bestseller list. He also has written for publications including Harvard Business Review, Fortune, BusinessWeek, Time, Chief Executive and USA TODAY.

Dr. Ram was elected a Distinguished Fellow of the National Academy of Human Resources and was named one of the most influential people in corporate governance and the board room by Directorship magazine. He has served on the Blue Ribbon Commission on Corporate Governance and serves or has served on a dozen boards in the US, Brazil, China, India, Canada, and Dubai.

JURY

T V Mohandas Pai

Chairman

Manipal Global Education

CFO & Head of Corporate Affairs

Lupin Finance

Jury – Large Cap

Vipin Surelia

CRO India & South Asia

VISA

Jury – Large Cap

Mr. Manish Sinha

Head of Risk Management

VIDEOS and Testimonials

It was really interesting to learn about new age risks that have been coming up in various industries. I surely gained lot of understanding about digital risks, and the same has helped us as an organization to treat the digital risks not as a technical problem, but rather as a management problem. It has helped us transition into the new normal with much ease. Understanding the best risk management practices of the industry has surely got my creative juices running to implement such practices in my organization as well.

Inox Wind

The masterclass session was very informative for people like us coming from the SME industry and I would rate the show highly as it gave a lot of insights on how to better practice risk management and at the end I would like to congratulate the team for putting a great show together that was good and very informative.

K Sameer Ahmed

Aasnaa Engineers Pvt Ltd

Risk Masterclass show has covered many interesting areas and the most interesting part, that I was keen on, was the Upgradation part for Risk Management, I would like to attend such forums in the future that can help me manage risks in our organization using the best in technology or service products.

Manjunath R

Accor - Grand Mercure

The show was very well organized by the team and has touched upon very interesting topics of Risk Management in small organizations and has covered what one can do to mitigate risks in the organization.

Roopini Balasubramaniam

Airbus India PVT Ltd

In today’s world, security is the most important area for the organization. The session was very informative & touched upon various areas of cyber security & data risks. I would like to attend such interesting sessions in the future.

Jayanta Roy Choudhury

BT E-serv India Pvt. Ltd

Was glad to be a part of a very good session on Risk Management for SMEs. The Session was very informative and the speakers touched upon many interesting areas like data theft, cyber security among others. I would definitely like to be part of more sessions on Risk Management.

Giribabu C

Aricent