India
University of Mumbai launches IRM’s Global Level 1 Enterprise Risk as2-credit open elective under NEP | India News – Times of India
The Garware Institute of Career Education and Development (GICED) of the University of Mumbai has entered into a path-breaking collaboration with the India Affiliate of the Institute of Risk Management (IRM India) to introduce IRM’s Global Level 1 Enterprise Risk Management (ERM) course as a 2-credit open elective under the National Education Policy (NEP, 2020). Headquartered in the United Kingdom and established in 1986, IRM is the world’s leading certification body for ERM
exams in 143 countries. IRM is the only agency in the world that issues designations
in ERM with Fellowship at Stage 5/Level 5.
In a world where events such as pandemics, wars, cyber-attacks, fake news, supply chain disruptions, governance irregularities, entrepreneurial failures, succession planning and reputational damage are becoming more common, understanding and managing all types of risk is no longer just a profession, but an essential life skill in any career path. Through this groundbreaking collaboration, students can gain global life skills by becoming risk intelligent in any domain and sector with this internationally recognised 2-credit open elective covering 300 risk areas. University of Mumbai students pursuing a Bachelor’s or Master’s degree in any college, discipline or stream (technology, engineering, law, finance, business, entrepreneurship, marketing and more) can enroll for the course to become risk literate. University of Mumbai alumni working in any function (HR, supply chain, finance, audit, governance, procurement, branding) or role (entrepreneur, family business owner, professionals, employees) can also enroll for this course to enhance their skills and start a career in ERM.
Prof. (Dr.) Ravindra Kulkarni, Hon’ble Vice Chancellor, University of Mumbai, said, “We are delighted to collaborate with the prestigious Institute of Risk Management (IRM) UK to offer our students a premier 2 credit open elective programme in Risk Management. This collaboration will enable our students to acquire advanced knowledge and skills in the field of Risk Management, in preparation
to help them navigate the complexities of a rapidly changing global business landscape. Students can work in any career in any role across industries, including startups, family businesses, corporate divisions of a company, or risk management departments, with their ability to identify enterprise-wide risks. UM GICED can contribute to creating risk
“A Resilient India.” “This groundbreaking collaboration will help students become professionals, business leaders and
consultants, entrepreneurs or next-gen family business owners, the open elective, accredited for 2 credits, will serve as a gateway to mastering problem-solving and risk-based decision-making skills. Students will also learn to navigate and confidently transform challenges in emerging fields such as AI, climate, supply chain, geopolitics and project management
“We turn challenges into opportunities,” said Ian Livsey, CEO of the Institute of Risk Management.
“We are delighted to partner with the esteemed University of Mumbai, reinforcing our commitment to building a Viksit, Aatmanirbhar and resilient India by nurturing risk-intelligent leaders. This partnership will equip students and alumni of the university and its affiliated colleges with essential knowledge that transcends industries, roles and responsibilities,” it said.
Hersh Shah, CEO of IRM India Affiliate and India’s youngest Enterprise Risk Expert, at the launch event. As part of the course, students will be provided with a physical textbook, 3 months access to IRM India Affiliate’s online learning portal with study material, course videos and 24×7 AI-enabled academic support through faculty. The exams will be conducted on a rolling basis as per
Students complete the online training. Students are given unlimited attempts to pass the exam within a period of 3 months. Once students clear the internal and external exams, GICED generates a mark sheet as per the academic scheme of the university and 2 credits are awarded under the Academic Bank of Credits (ABC). Candidates are then given the option to pay and sit for the supplementary online exam of IRM India to earn the Global Level 1 certificate of IRM UK, which is recognized in 140 countries.
Registrations for the course will open on 15th October 2024. University students and alumni can pre-register by submitting an application to the registration section. University of Mumbai Affiliated College Deans/Faculty/Program Coordinators/HODs who are interested in offering this international course under NEP, and integrating the course into their curriculum.
About IRM India Affiliate
The Institute of Risk Management (headquartered in the UK, established in 1986) is the world’s leading certification body for Enterprise Risk Management (ERM) examinations in over 140 countries. IRM is the only body in the world to offer designations in ERM with Fellowship at Stage 5 / Level 5. IRM India Affiliate has partnered with leading organizations such as Invest India, NIMSME (Ministry of MSME), IHCL, UltraTech Cement, Cipla, Reliance Jio, Tata Consumer Products, HDFC Asset Management and ICICI Lombard. It also has academic affiliations with institutions such as Mahindra University, Sri Sri University, NMIMS CIS, IFMR Business School, MAHE, National Insurance Academy and FLAME University. Other key initiatives include a report with AICTE, the annual CRO Summit with NISM (SEBI’s capacity building initiative), a virtual risk programme for school children with Mindler, the What’s the RiskTM show on CNBCTV18 and the Enterprise Risk & India Regulation Online Course (ERIRC) with NISM. More information on IRM qualifications, exam updates and other details is available here.
About University of Mumbai
The University of Mumbai (earlier known as the University of Bombay) is one of India’s oldest and most prominent universities. It was established in 1857, following “Wood’s Education Dispatch”, and is one of the first three universities in India. Awarded Category I university status by UGC. The university was given an A++ grade, with a CGPA of 3.65, by the National Assessment and Accreditation Council (NAAC), Bangalore in August 2021, and its current CGPA is one of the highest in Maharashtra.
About Garware Institute of Career and Education Development
The Garware Institute of Career Education and Development (GICED) was established in 1984 by the University of Mumbai through the joint efforts of Padmabhushan Shri Abasaheb Garware and Prof. Ram Joshi, then Vice-Chancellor of the University of Mumbai, with a vision to provide various vocational and career-oriented courses.
Disclaimer: The above content is non-editorial and TIL hereby disclaims all warranties, express or implied, with respect to the same. TIL does not necessarily guarantee, warrant or endorse the above content nor is it in any manner responsible for such content. The article does not constitute investment advice. Please take all necessary steps to verify that all information and content provided is correct, updated and verified.
exams in 143 countries. IRM is the only agency in the world that issues designations
in ERM with Fellowship at Stage 5/Level 5.
In a world where events such as pandemics, wars, cyber-attacks, fake news, supply chain disruptions, governance irregularities, entrepreneurial failures, succession planning and reputational damage are becoming more common, understanding and managing all types of risk is no longer just a profession, but an essential life skill in any career path. Through this groundbreaking collaboration, students can gain global life skills by becoming risk intelligent in any domain and sector with this internationally recognised 2-credit open elective covering 300 risk areas. University of Mumbai students pursuing a Bachelor’s or Master’s degree in any college, discipline or stream (technology, engineering, law, finance, business, entrepreneurship, marketing and more) can enroll for the course to become risk literate. University of Mumbai alumni working in any function (HR, supply chain, finance, audit, governance, procurement, branding) or role (entrepreneur, family business owner, professionals, employees) can also enroll for this course to enhance their skills and start a career in ERM.
Prof. (Dr.) Ravindra Kulkarni, Hon’ble Vice Chancellor, University of Mumbai, said, “We are delighted to collaborate with the prestigious Institute of Risk Management (IRM) UK to offer our students a premier 2 credit open elective programme in Risk Management. This collaboration will enable our students to acquire advanced knowledge and skills in the field of Risk Management, in preparation
to help them navigate the complexities of a rapidly changing global business landscape. Students can work in any career in any role across industries, including startups, family businesses, corporate divisions of a company, or risk management departments, with their ability to identify enterprise-wide risks. UM GICED can contribute to creating risk
“A Resilient India.” “This groundbreaking collaboration will help students become professionals, business leaders and
consultants, entrepreneurs or next-gen family business owners, the open elective, accredited for 2 credits, will serve as a gateway to mastering problem-solving and risk-based decision-making skills. Students will also learn to navigate and confidently transform challenges in emerging fields such as AI, climate, supply chain, geopolitics and project management
“We turn challenges into opportunities,” said Ian Livsey, CEO of the Institute of Risk Management.
“We are delighted to partner with the esteemed University of Mumbai, reinforcing our commitment to building a Viksit, Aatmanirbhar and resilient India by nurturing risk-intelligent leaders. This partnership will equip students and alumni of the university and its affiliated colleges with essential knowledge that transcends industries, roles and responsibilities,” it said.
Hersh Shah, CEO of IRM India Affiliate and India’s youngest Enterprise Risk Expert, at the launch event. As part of the course, students will be provided with a physical textbook, 3 months access to IRM India Affiliate’s online learning portal with study material, course videos and 24×7 AI-enabled academic support through faculty. The exams will be conducted on a rolling basis as per
Students complete the online training. Students are given unlimited attempts to pass the exam within a period of 3 months. Once students clear the internal and external exams, GICED generates a mark sheet as per the academic scheme of the university and 2 credits are awarded under the Academic Bank of Credits (ABC). Candidates are then given the option to pay and sit for the supplementary online exam of IRM India to earn the Global Level 1 certificate of IRM UK, which is recognized in 140 countries.
Registrations for the course will open on 15th October 2024. University students and alumni can pre-register by submitting an application to the registration section. University of Mumbai Affiliated College Deans/Faculty/Program Coordinators/HODs who are interested in offering this international course under NEP, and integrating the course into their curriculum.
About IRM India Affiliate
The Institute of Risk Management (headquartered in the UK, established in 1986) is the world’s leading certification body for Enterprise Risk Management (ERM) examinations in over 140 countries. IRM is the only body in the world to offer designations in ERM with Fellowship at Stage 5 / Level 5. IRM India Affiliate has partnered with leading organizations such as Invest India, NIMSME (Ministry of MSME), IHCL, UltraTech Cement, Cipla, Reliance Jio, Tata Consumer Products, HDFC Asset Management and ICICI Lombard. It also has academic affiliations with institutions such as Mahindra University, Sri Sri University, NMIMS CIS, IFMR Business School, MAHE, National Insurance Academy and FLAME University. Other key initiatives include a report with AICTE, the annual CRO Summit with NISM (SEBI’s capacity building initiative), a virtual risk programme for school children with Mindler, the What’s the RiskTM show on CNBCTV18 and the Enterprise Risk & India Regulation Online Course (ERIRC) with NISM. More information on IRM qualifications, exam updates and other details is available here.
About University of Mumbai
The University of Mumbai (earlier known as the University of Bombay) is one of India’s oldest and most prominent universities. It was established in 1857, following “Wood’s Education Dispatch”, and is one of the first three universities in India. Awarded Category I university status by UGC. The university was given an A++ grade, with a CGPA of 3.65, by the National Assessment and Accreditation Council (NAAC), Bangalore in August 2021, and its current CGPA is one of the highest in Maharashtra.
About Garware Institute of Career and Education Development
The Garware Institute of Career Education and Development (GICED) was established in 1984 by the University of Mumbai through the joint efforts of Padmabhushan Shri Abasaheb Garware and Prof. Ram Joshi, then Vice-Chancellor of the University of Mumbai, with a vision to provide various vocational and career-oriented courses.
Disclaimer: The above content is non-editorial and TIL hereby disclaims all warranties, express or implied, with respect to the same. TIL does not necessarily guarantee, warrant or endorse the above content nor is it in any manner responsible for such content. The article does not constitute investment advice. Please take all necessary steps to verify that all information and content provided is correct, updated and verified.
