Rao Chalasani has nearly two decades of experience as a project manager and executive in the financial services industry in NY and NJ. Most recently, he served as the chief technology officer and risk strategist director at Bank of America (BofA)-Merrill Lynch. During his tenure there, Rao Chalasani developed a patent-pending Enterprise Risk Management System.

1. Rao Chalasani Develops PatentPending ERM System
BY RAO CHALASANI

2. Rao Chalasani Develops Patent-Pending ERM
System
Rao Chalasani has nearly two decades of experience
as a project manager and executive in the financial
services industry in NY and NJ. Most recently, he
served as the chief technology officer and risk
strategist director at Bank of America (BofA)-Merrill
Lynch. During his tenure there, Rao Chalasani
developed a patent-pending Enterprise Risk
Management System.

3. Rao Chalasani Develops Patent-Pending ERM
System
Enterprise risk management, or ERM, is frequently
used by financial organizations and businesses to
manage risk and capture business opportunities that
will help them achieve their planned objectives. ERM
provides the basic structure for the management of
risk and aids in the decision-making process.

4. Rao Chalasani Develops Patent-Pending ERM
System
By identifying both opportunities and risks,
executives can determine what strategies to use to
create and establish value for their organizations and
realize a healthy return on investment (ROI).
Because a variety of ERM frameworks can be used to
assist companies in this regard, the decision of which
system to utilize for identifying and reducing liability
should be based on the specific goals of an
organization and what it is trying to achieve overall.

5. Rao Chalasani Develops Patent-Pending ERM
System
A company’s chosen ERM system should be set up to
provide for the transfer of risk, if necessary, or to
prevent any substantial financial outlays that could
harm a company. Therefore, a risk management
system should be designed to identify, analyze, and
assess risks and keep track of the results.