Post Graduate Diploma in Risk Management (PGDRM)
Post Graduate Diploma in Risk Management (PGDRM) will include 3 papers on general management topics and
13 technical papers on various facets of Risk Management, such as
- Enterprise Risk Management (‘ERM’),
- Internal Audit (‘IA’),
- Sarbanes Oxley and Internal Financial Controls,
- Regulatory Compliance,
- Financial Risk Management,
- Applied Audit Analytics,
- Information Technology General Controls (‘ITGC’), etc.
The 3 general management papers will focus on enhancing awareness of corporate reality and creating more well-rounded risk professionals of the future. These will include Strategic Thinking, Fundamentals of Human Resource Management, and Organizational Behavior.
One of the key risks of developing and delivering a specialized Risk Domain curriculum is that students should not ever think of Risk expertise in a Silo environment. Good strong professionals need to recognize:
- How a risk decision impacts an organization’s short-term and long-term strategy, and hence all decisions need to be weighed in that context;
- That all decisions need to be accepted and internalized by an organization effective implementation, and for that, an understanding of organizational behavior is critical;
- That all organizations now realize that irrespective of which industry segment they might operate in (including in the most digital interrupted business models), the need for appreciation of Human Resource elements of an organization can hardly be over-emphasized if it wants to be successful
RISK MANAGEMENT DEVELOPMENT PROGRAMME
Risk Management Development Programmes at GRMI have been carved out by experienced Global Business Leaders based on their assessment of the need for continuous knowledge enhancement in order to excel in individual careers and developing successful organizations. With Risk Management gaining prominent space in all board management meetings these days, it is important that all members of an organization are trained adequately to ensure effective Risk Management in their respective roles and responsibilities. Our programmes are 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.
Our course developers combine academic excellence and experienced risk practitioners
We will continue to evolve and add programmes in our RMDP suite to cater to organizational needs. Our experienced team, along with our partners, will continue to upgrade the RMDPs with the changing global trends and skills required to effectively deliver to them. Our RMDP sessions are designed more to address Training Need Analysis (‘TNA’) relating to Risk, Audit and Compliance domain, & then to work with Learning & Development teams of organizations in developing customized, longer-term programmes to drive greater business impact for the organizations.
BOARD & INDEPENDENT DIRECTOR’S RISK PROGRAMMES
Changes in regulations in India and globally over the years have made the task of board members and Independent Directors more onerous over a period of time. The team at GRMI, including some of the leading Independent Directors associated with the institute, is of the view that there is a significant lack of appreciation of the need to apply the risk lens in decision-making process.
This gap exposes organizations to the potential risk of sub-optimal decision-making and also does not challenge the management and leadership team sufficiently on their Risk Management practices.
Our endeavor is to deliver insightful and practical learning sessions to Independent Directors on Risk Management. This in our view would be a very significant contribution by GRMI to the overall business world in India. We believe this will achieve the following:
- Allow Independent Directors to be better equipped to discharge their responsibilities in boards they serve;
- Equip Independent Directors to drive enhanced and more evolved Risk Management procedures in organizations whose boards they participate in;
- Create
a better ecosystem of board level leadership in India that can only
augur well for improved Corporate Governance and Risk & Compliance
in a country that is being talked about as the Country of the Future.
Global Risk Management Institute (GRMI)
As a specialised institute, we recognise the need of multidisciplinary approach in the ever evolving arena of risk management required to work together with other centres of risk expertise around the world.
We have created a curriculum that spans across all aspects of enterprise risk, financial, operational and compliance, and provides nuanced insights across all key industry verticals.
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