An experienced technology executive and resident of New Jersey, Rao Chalasani most recently served as chief technology officer and risk strategist at Bank of America Merrill Lynch in New York, NY. In this role, Rao Chalasani was responsible for creating a new company-wide risk management platform.

1. Elements of an Effective Enterprise
Risk Management System
Rao Chalasani

2. Introduction
• An experienced technology executive and resident of
New Jersey, Rao Chalasani most recently served as
chief technology officer and risk strategist at Bank of
America Merrill Lynch in New York, NY. In this role,
Rao Chalasani was responsible for creating a new
company-wide risk management platform.
An effective enterprise risk management system not
only identifies risks but also quantifies the potential
impact of various risks. Risk managers can then use
this information to determine if a risk level is
acceptable prior to moving forward with decisions.

3. Enterprise Risk Management System
• A well-executed risk management system should
continuously identify and resolve risks and
supplement other systems within an organization,
including systems used for cost control, planning,
and organization. This interconnected approach
helps a company to identify multiple kinds of risks,
including those related to regulatory compliance,
cyber security, supply chain management, and
external competition. The result is a transformed
risk management process that is proactive rather
than reactive.