Across the globe, especially in developed economies, enterprise risk management (ERM) has gained significant importance in how leaders run their businesses. Given the rise in business failures, evolving regulatory landscape and complex changes affecting businesses including unforeseen crisis like situations such as the COVID-19, organisations have started to realise the importance of ERM as a tool for enhanced strategic value for sustainable business growth and risk-based decision making. SEBI, IRDAI, RBI, MCA and other regulatory bodies have mandated the setting up of an enterprise risk management process, formation of risk management committees, risk management disclosures and ESG reporting and appointment of Chief Risk Officers for various companies.
Even if you are not keen to pursue a career in risk management, today, every individual is a risk manager in their own domain and risk-literacy is the most sought after skill with organisations preferring risk-intelligent employees, leaders and entrepreneurs over domain experts. Whether you want to be a risk-intelligent business head / domain expert, entrepreneur, or family business owner or work in / set up a risk consulting business, or become a Chief Risk Officer (CRO), IRM's qualifications will help you get there. Here are some of the career opportunities in ERM: