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Workshop on Risk Management and Career Option by Dr. Arpit Rajain, Director (Executive) and VP, Risk, India Bound


The Department of International Studies and History organized a workshop on Risk Management and Career Option by Dr. Arpit Rajain, Director (Executive) and VP, Risk, India Bound, who has 20 years’ experience in risk management professional. Students from 3MAIS had interned at the organization during their summer break. Accordingly, the workshop was conducted to provide the students with the diversity of career opportunities in risk management available after their post-graduation.

Dr. Rajain began the talk by quoting Thomas Friedman's work - 'The World is Flat' emphasizing on the globalized nature of the world in the 21st century. He, further, detailed about the expansion of Multinational Corporations (MNCs), especially in the context of India. He cites examples of Amazon, Accenture, Deloitte and their large operations in India, and Bengaluru.

Giving a brief of companies and their expansion, he stressed on the need for analyzing risks for such wide network of MNCs spanning across the world countries. He listed the various types of risk management such as enterprise risk management, travel security and executive protection, vendor management, fraud risk management; after explaining the basics of risk management. He elaborated on each of these concepts with numerous examples. Simultaneously, he  talked about the 'what does risk management do?', wherein he explained that it entails to identification of the problem and a number of responses to it - Avoid, Accept, Transfer, Reduce.

Apart from detailing about company level risk management, he talked about personal risk management. In that effect, he mentioned about social media surveillance, background checks through social media presence and how to maintain personal integrity, not only offline but also online. Lastly, while concluding, he mentioned about various career options for Masters students in risk management- fraud management, corporate security, operational risk, travel security, etc. Dr. Rajain was given a vote of thanks and memento by Dr. Anurag Tripathi for an engaging session and thoughtful advice to the students.




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