Mindler and IRM India Affiliate collaborate to develop risk-literate children through the Enterprise Risk Career Program
MINDLER AND IRM INDIA AFFILIATE COLLABORATE TO DEVELOP RISK-LITERATE CHILDREN THROUGH THE ENTERPRISE RISK CAREER PROGRAM
- The virtual internship program (VIP) on Enterprise Risk Management (ERM) is a simulated career experience for 8th to 12th-grade school students
- Students can get a sense of what it means to be a certified Enterprise Risk Manager in the real world and understand the ERM domain
- The program marks IRM’s inaugural programme for schools
Mumbai, November 2022: In a bid to bolster risk literacy and risk awareness among India’s school students right from an early age, the Institute of Risk Management (IRM), India Affiliate, has partnered with Mindler to launch the Virtual Internship Program (VIP) on Enterprise Risk Management.
IRM is the world’s leading professional body for ERM qualifications and offers professional qualifications across 140 countries, Mindler is one of India’s most advanced career planning platforms for schools. Specially tailored for 8th to 12th graders, the VIP is an extremely affordable simulated experiential learning initiative that will give young students a glimpse into the world of ERM, helping them to understand what it means to be a certified Enterprise Risk Manager and introducing them to a career in risk management.
The world today is more complex than ever before. Fast-evolving global developments and events like the financial crisis, pandemic, war, cyber-attacks, geo-politics, linked inflation, and climate change have proven that the future is going to be challenging for both businesses and countries across the globe, including India. With Aatmanirbhar Bharat, it is also important for India’s youth to be risk-intelligent and well equipped with the knowledge to solve any type of risk using problem-solving and analytical thinking skills.
The VIP will aim to create an interest in risk-thinking and urge students to consider ERM not only as a career path to becoming a Risk Manager or Chief Risk Officer but also as a must-have global skill for any job role, family business or entrepreneurial venture, as risk is universal.
The VIP will include a simulated internship with role play and experiential learning anchored by senior industry expert Mr. Rajeev Tanna who is a Certified Fellow of the IRM (Level 5) and Head of Risk Management and Compliance at Tata Consulting Engineers.
Hersh Shah, CEO of IRM India Affiliate, commented on the virtual internship program:
“We are delighted to partner with Mindler to develop this one-of-a-kind virtual internship program. As we march towards emerging as an economic powerhouse, India is going to need a generation of capable, creative, and risk-intelligent problem solvers and crisis managers who have the acumen to develop solutions to the world’s most complex problems.
ERM is no longer a career but a must-have global life skill. As the leading global body for ERM examinations, we are committed to developing a generation of risk-intelligent leaders who can enhance organisational success and help build sustainable, environmentally conscious and governance-focused enterprises in a world where ESG has taken centre stage.”
“ERM and risk management is also one of the fastest-growing domains with an average 30% increase in job opportunities each year. The role of the CRO has also been in demand and IRM through its 5-level certificate track (Fellowship at Level 5) has developed many qualified CROs across the globe.
Furthermore, a joint report by IRM and national statutory body AICTE revealed that 96% of organisations believe that risk literacy is important for success. The IRM India Affiliate and Mindler collaboration assumes even more significance keeping these factors in mind. We hope that this VIP will contribute positively to the education ecosystem and become a platform for young school students to actively consider adding ERM as a global skill,” added Shah.
Also commenting on the collaboration, Mindler’s Pratham Sutaria, Head of Mindler Immrse and New Initiatives, said:
“Mindler has been at the forefront in helping students make the right career choices. In the past six years, we have helped 2.5 million students find the right career path. The Virtual Internship Program has thirty-six career options and now, we have added the ERM program. The program is very much in line with the National Education Policy (NEP) 2020. We are delighted to collaborate with the leading global body for ERM qualifications for this program. We want to create an eco-system where students get opportunities to understand how different careers function. This program provides an opportunity to enter a simulated world and try out ERM as a career option. We are positive that this collaboration will benefit millions of students.”
The virtual internship program can be accessible by students of 8th to 12th grade here:
The Mindler platform equips students, counsellors and schools to have a career planning platform which is future-ready and empowers all the concerned stakeholders with state-of-the-art technology, driven by machine learning algorithms and in-depth analytics. Mindler has been awarded and commended by the Ministry of Science & Technology (Government of India), Ministry of State (UAE Government), Entrepreneur India, ISB D-Labs, Ministry of Commerce & Industry, Department for Promotion of Industry & Internal Trade, Education World, Business World, HolonIQ, Economic Times and CIIE at IIM Ahmedabad.
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About Institute of Risk Management, India Affiliate
The Institute of Risk Management is the world's leading professional body for enterprise risk management qualifications and memberships (levels 1 to 5). IRM publishes research and guidance, professional standards across the world. Our members (including members of the Institute of Operational Risk) work in all industries, in all risk disciplines, and across the public, private and not-for-profit sectors in more than 143 countries. With 360 exam centres in India, candidates can earn the IRM designations by pursuing the global examinations through IRM India Affiliate. IRM India Affiliate has entered into knowledge partnerships with Invest India, the National Institute for Micro, Small, and Medium Enterprises (Ministry of MSME), Eduvanz, JB Boda Group, Cipla, and Bombay Chartered Accountants Society. IRM India Affiliate has also collaborated with NMIMS to launch India's first professional programmes in ERM covering IRM's exams and, earlier, launched a report with AICTE (under the Ministry of Education) on ERM and the Indian Higher Education System. In addition, it also runs The CRO Circle with Deloitte India's Risk Advisory.
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Program link: https://immrse.mindler.com/cr/risk-management