The New Age Risk Takers

Master Class
07 - 01 - 2020

of the organisations surveyed had an in-house team manning the risk management function.


of the organisations had a full-time Chief Risk Officer (CRO) role as a part of the senior management.


of the companies with a turnover in excess of INR 2,000 crores have 12 or more personnel (including in-house and outsourced).


of the respondents indicated that they harnessed risk to find future opportunities for the organisation and drive returns.


have less than 5 personnel as part of their risk teams.This highlights the divergent thinking and approach to the structure of risk management functions.


indicated that risk management is the responsibility of each business/function and there is no separate CRO role.


indicated that their purpose of risk management was to remain compliant with regulations and prevent losses.


of the organisations used a co-sourced model.

chief guest - Season 6

Carmen M. Reinhart is the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School.

Carmen M. Reinhart is the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School. She was Senior Policy Advisor and Deputy Director at the International Monetary Fund and held positions as Chief Economist and Vice President at the investment bank Bear Stearns. She serves on the Advisory Panel of the Federal Reserve Bank of New York. Her book (with Kenneth S. Rogoff) entitled This Time is Different: Eight Centuries of Financial Folly documents the striking similarities of the recurring booms and busts that have characterized financial history. It has been translated into over 20 languages and won the Paul A. Samuelson Award. She has been listed among Bloomberg Markets Most Influential 50 in Finance, Foreign Policy’s Top 100 Global Thinkers, and Thomson Reuters' The World's Most Influential Scientific Minds. In 2018 she was awarded the King Juan Carlos Prize in Economics and NABE’s Adam Smith Award, among others.


Risk management is a two-step process - determining what risks exist in an investment and then handling those risks in a way best-suited to your investment objectives. Risks like reputational, labor related, physical security, information risk and environmental risks have to be closely monitored and understood. Good risk management is about being alert, implementing the right controls and taking swift action to mitigate risk during a crisis. Identifying, managing, and exploiting risk across an organization has become increasingly important for the success and longevity of any business, 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 above mentioned risks are mitigated to the least possible denomination.

In its 6th year, the Risk Management Awards recognize those individuals, organizations and teams that have significantly added to the understanding and practice of risk management. Judged by an independent panel of experts for exceptional performance, the awards provide an opportunity for organizations and individuals to showcase their best products, projects and people.

Best Risk Management – Emerging Indian Companies

Best Risk Management – Emerging Indian Companies

Best Risk Management – IT-ITES

Best Risk Management – Sustainability

Best Risk Management – FMCG

Best Risk Management – Telecom

Best Risk Management – Auto - Ancillary

Best Risk Management – Metals & Mining

Best Risk Management – Power

Best Risk Management – Business Continuity

Best Risk Management – Cyber Security

Best Risk Management – Risk Governance

Best Risk Management – Risk Governance

Best Risk Management – Technology

Best Risk Management – PSU

Best Risk Management – Private Company

Best Risk Management – Conglomerate