The Benefit of Enterprise Risk Management Systems

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A graduate of New York University Polytechnic Institute with a bachelor of science in engineering, Rao Chalasani of New Jersey has more than a decade of experience working with trading technology for multiple banks, including Deutsche Bank and Bank of America Merrill Lynch in New York, NY. At the latter bank, Rao Chalasani created a U.S. patent-pending enterprise risk management system.

Technology

 A graduate of New York University Polytechnic Institute
with a bachelor of science in engineering, Rao
Chalasani of New Jersey has more than a decade of
experience working with trading technology for multiple
banks, including Deutsche Bank and Bank of America
Merrill Lynch in New York, NY. At the latter bank, Rao
Chalasani created a U.S. patent-pending enterprise
risk management system.
As investors and regulating agencies have become
more savvy at analyzing a company’s risk
management practices, organizations have become
more interested in enterprise risk management (ERM).

 ERM refers to planning and controlling an
organization’s activities in an effort to mitigate risk for
its earnings and capital.
ERM takes this process further by taking into account
not only the risk of accidental loss but also financial
and operational risks. In sum, companies with an
effective ERM system recognize that risks in one area
of the organization can affect other areas and even
result in a combined exposure that puts the
organization at significant risk. As financial institutions
rely on risk to make a profit, they especially can benefit
from such an ERM system to maximize profit while
reducing risk.

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Narayana Rao Mahankali Week 11 - Discussion COLLAPSE Top of Form Week 11 – Discussion: ERM Measures & Mini case studies: The organization's ERM goal ought to be to quantify and express the normal result from accomplishing them. The result ought to be based, to the degree conceivable, on the normal helpful effect on the execution estimates that are utilized to run the organization. This kind of rule suggests, obviously, that the organization as of now has set up unmistakably verbalized and surely knew execution proportions of this sort. The types of risks that ERM to cover and the ERM measures that the organization should implement to monitor risks include in the following broad categories: Financial, Operational, Hazard, Strategic plans. The key measures I will recommend that Akawini uses in the monitoring of both progress and performance is to follow in characterizing the risk types a given organization should cover in its ERM program and that organization supervisors need to take care of and oversee in an incorporated manner is that the risks matter most to the organization's strategic goals. Managers need an unmistakable, normal comprehension of what the organization implies by those risks and why they are vital to the company’s performance. In setting the extent of their ERM program, organization leaders need to verify that the extent of risks and extent of processes are aligned and that they are probably going to enable the organization to achieve the ERM objectives they have officially set. Also, in deciding the administration procedures to be influenced, they should be sensible about the level of impact the ERM work can apply on the officeholder owners of these influenced procedures authoritative turf is ordinarily referred to as a main leading obstacle to compelling ERM. The pragmatic result is that the underlying scope is frequently less broad than the long-term desired scope. References: · Fraser, J., Simkins, B. & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. Wiley & Sons. · https://www.logicmanager.com/erm-software/2018/09/05/how-to-measure-your-enterprise-risk-management-effectiveness/ Bottom of Form Srilekha Dasari week 11 COLLAPSE Top of Form The Akawini copper company is a mining company with an international concern for the minerals. The company uses Enterprise Risk Management to ensure the effectiveness of its operations. The risk management system for the Akawini Company when shipping the concentrate to the port by the use of the trucks. The ERM is also important for the managing of the 1500 employees working in the suite and the port. The implemented framework for the management of the risks in the company is not effective because it is not likely to yield more profits ("Implementing Enterprise Risk Management: Case Studies and Best Practices", 2019). The risk assessment should be done monthly or quarterly and not on an annual basis. It is important to track the progres ...

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ERM Implementation ERM is essential for organizations in managing risks and improve on opportunities related to the achievement of organizational objectives. Statoil and United Grain Growers have established an enterprise risks management that meets their company goals based on the challenges each of them is facing. The primary difference between ERM in Statoil and United Grain Growers is that ERM will affect management at the latter. Additionally, ERM at United Grain Growers seeks to retrieve the company from financial constraints while at Statoil, ERM seeks to improve organizational performance. However, ERM at the two companies share some similarities. For instance, ERM at United Grain Growers seeks to identify and access principle risks. The same applies to Statoil which seeks to identify any potential risks during the exercise. Besides, the two companies have a strategic risk plan. A strategic plan is essential as it outlines the role of a manager, CEO and everyone involved in the steps of an ERM (Robert and Liebenberg, 2011). United Grain growers has a strategic plan to improve financial dividends while Statoil has a risk map and committee with outlined roles and responsibilities. The Statoil ERM seems workable and productive meaning I can implement it is it were up to me. On the contrary, I will not implement the United Grain Growers ERM. In my opinion, the ERM lacks the potential to solve financial constraints that the company is experiencing. However, some parts of it are productive, but a merger comes in with other risks for the struggling company. For instance, a merger will lead to employee layoff which might put the company at a risk of losing some important skills (Chui, 2011). Additionally, the company assets might be miscalculated during financial evaluation leading to more losses. Generally, the ERM at Statoil might be successful in future because it is based on company goals and values. On the contrary, UGG ERM might not succeed because there are many risks associated with its strategy for implementation. References Chui, B.S. 2011. A Risk Management Model for Merger and Acquisition. Robert, E.H. and Liebenberg, A.P. (2011). The Value of Enterprise Risk Management. The Journal of Risk and Insurance, 78(4).pp. 795-822. https://doi.org/10.1111/j.15396975.2011.01413.x According to Brustbauer, 2016 Enterprise risk management help the company prepare for the uncertainties and disasters that may occur all along. Every business must identify the threats likely to face the business and come up with a contingency plan. Different companies faces different threats and uncertainties and therefore while coming up with the risk management plan one must consider the uniqueness of the enterprise and the likely threats to occur. These differences make the companies and business have different hierarchy of risks that are likely to occur. This paper is going to compare and contrast the enterprise risk management of the united g ...

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A resident of New Jersey, Rao Chalasani has spent over 20 years working as a technology executive and risk management professional. Focused largely on the financial services industry, Rao Chalasani most recently served as the director of trading risk strategy for Bank of America-Merrill Lynch in New York, NY, in addition to being chief technology officer (CTO). Here are several traits shared by successful CTOs: Strong Engineering Discipline Great CTOs do not rely on other people for technical expertise, they have it themselves. This guides them when making technology-related decisions, since they have a firm understanding of a company’s framework. Without this practical knowledge, CTOs are more prone to making costly decisions. Good Communication The CTO is responsible for explaining technical concepts to people within the organization who lack a technical background. For this reason, they need superb communication skills that come from having a true understanding of the technology, as well as plenty of patience to convey complex topics in a way others can grasp. Vision and Drive to Achieve Success In addition to being technically savvy, CTOs must be forward-thinking and have a clear idea of where their businesses will be in the future. This helps them find existing technologies that improve their companies’ chances of success, in addition to giving them an idea of which technology developments to keep an eye out for.

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Retrieval augmented generation (RAG) is the most popular style of large language model application to emerge from 2023. The most basic style of RAG works by vectorizing your data and injecting it into a vector database like Milvus for retrieval to augment the text output generated by an LLM. This is just the beginning. One of the ways that we can extend RAG, and extend AI, is through multilingual use cases. Typical RAG is done in English using embedding models that are trained in English. In this talk, we’ll explore how RAG could work in languages other than English. We’ll explore French, Chinese, and Polish.

Introduction to Multilingual Retrieval Augmented Generation (RAG)

Zilliz

In the dynamic field of DevOps, the quest for efficiency and productivity is endless. This talk introduces a revolutionary toolkit: Large Language Models (LLMs), including ChatGPT, Gemini, and Claude, extending far beyond traditional coding assistance. We'll explore how LLMs can automate not just code generation, but also transform day-to-day operations such as crafting compelling cover letters for TPS reports, streamlining client communications, and architecting innovative DevOps solutions. Attendees will learn effective prompting strategies and examine real-life use cases, demonstrating LLMs' potential to redefine productivity in the DevOps landscape. Join us to discover how to harness the power of LLMs for a comprehensive productivity boost across your DevOps activities.

ChatGPT and Beyond - Elevating DevOps Productivity

VictorSzoltysek

Following the popularity of “Cloud Revolution: Exploring the New Wave of Serverless Spatial Data,” we’re thrilled to announce this much-anticipated encore webinar. In this sequel, we’ll dive deeper into the Cloud-Native realm by uncovering practical applications and FME support for these new formats, including COGs, COPC, FlatGeoBuf, GeoParquet, STAC, and ZARR. Building on the foundation laid by industry leaders Michelle Roby of Radiant Earth and Chris Holmes of Planet in the first webinar, this second part offers an in-depth look at the real-world application and behind-the-scenes dynamics of these cutting-edge formats. We will spotlight specific use-cases and workflows, showcasing their efficiency and relevance in practical scenarios. Discover the vast possibilities each format holds, highlighted through detailed discussions and demonstrations. Our expert speakers will dissect the key aspects and provide critical takeaways for effective use, ensuring attendees leave with a thorough understanding of how to apply these formats in their own projects. Elevate your understanding of how FME supports these cutting-edge technologies, enhancing your ability to manage, share, and analyze spatial data. Whether you’re building on knowledge from our initial session or are new to the serverless spatial data landscape, this webinar is your gateway to mastering cloud-native formats in your workflows.

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Quantum Leap in Next-Generation Computing

WSO2

In this keynote, Asanka Abeysinghe, CTO,WSO2 will explore the shift towards platformless technology ecosystems and their importance in driving digital adaptability and innovation. We will discuss strategies for leveraging decentralized architectures and integrating diverse technologies, with a focus on building resilient, flexible, and future-ready IT infrastructures. We will also highlight WSO2's roadmap, emphasizing our commitment to supporting this transformative journey with our evolving product suite.

Platformless Horizons for Digital Adaptability

WSO2

Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows. We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases. This video focuses on the deployment of external web forms using Jotform for Bonterra Impact Management. This solution can be customized to your organization’s needs and deployed to support the common use cases below: - Intake and consent - Assessments - Surveys - Applications - Program registration Interested in deploying web form automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.

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Understanding the FAA Part 107 License ..

Introduction to Multilingual Retrieval Augmented Generation (RAG)

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The Benefit of Enterprise Risk Management Systems

1. Rao Chalasani

2.  A graduate of New York University Polytechnic Institute with a bachelor of science in engineering, Rao Chalasani of New Jersey has more than a decade of experience working with trading technology for multiple banks, including Deutsche Bank and Bank of America Merrill Lynch in New York, NY. At the latter bank, Rao Chalasani created a U.S. patent-pending enterprise risk management system. As investors and regulating agencies have become more savvy at analyzing a company’s risk management practices, organizations have become more interested in enterprise risk management (ERM).

3.  ERM refers to planning and controlling an organization’s activities in an effort to mitigate risk for its earnings and capital. ERM takes this process further by taking into account not only the risk of accidental loss but also financial and operational risks. In sum, companies with an effective ERM system recognize that risks in one area of the organization can affect other areas and even result in a combined exposure that puts the organization at significant risk. As financial institutions rely on risk to make a profit, they especially can benefit from such an ERM system to maximize profit while reducing risk.

The Benefit of Enterprise Risk Management Systems

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