Dr. Sunando Roy
Regional Director, Mumbai Chapter
& Member, Regional Directors’ Support and Standards Committee, PRMIA
March 2007
My association with PRMIA….
I joined PRMIA sometime in 2004. I was at that time pursuing my post doctoral research on Value at Risk Models and their applicability in emerging markets at the University of California, Irvine. A part of my research was meeting risk professionals in the US to discuss risk management strategies. As I moved around the US, I met several committed risk professionals. I came in touch with the PRMIA leadership in the US, including David Koenig and Mark Abbott. After my stint with the UC-Irvine, I moved back to India and David offered me a role in the Mumbai Steering Committee in end-2004. In 2005, I was offered the position of the Regional Director, Mumbai-Chapter. In 2006, I was made the member of PRMIA’s Regional Directors’ Support and Standards Committee ( RDS&SC), the body that looks after PRMIA activities in 178 countries throughout the world. In 2006, I was also member of Jury for PRMIA’s candidate of the year award, 2006.
Benefits of Joining PRMIA….
The association with PRMIA over the last four years has been enriching and rewarding in many ways. My earlier practical and research experience convinced me that appropriate risk management is the key to a stable economic system. In PRMIA, I came in touch with risk management professionals who were passionate to improve risk management systems throughout the world and make a difference to the way we live. The key to success is passion and I was privileged to get associated with many passionate risk professioonals in PRMIA who are determined to make a difference in the area of their activity. The PRMIA leadership has always encouraged the regional directors to achive more and rewarded the achievements by giving greater responsibilities within PRMIA.
If we try hard, we can make a difference to the Risk Management Profession through PRMIA….
When I joined PRMIA, India had just appeared on the PRMIA map, a very dormant Mumbai chapter with a few hundred members. One of the first challenges as I became the RD of Mumbai chapter was to embed India firmly at the centre of PRMIA’s global activity. I was determined to make a difference and made trips to all parts of India and spoke about Risk management, modeling and PRMIA in Universities, Management Institutions and other professional bodies. The efforts led to PRMIA chapters in Hyderabad , Bangalore and very recently in Kolkata. All of them are considered vibrant and lively global chapters and India is considered, along with China , an active hub of risk management. It is fulfilling to see your efforts yielding results and I am grateful to PRMIA for giving me an opportunity to contribute to the risk management profession.
In PRMIA, we are there in pursuit of a collective dream, to enrich the risk management profession and ensure a more stable world.
In emerging markets, the risk management processes are being strengthened in all sectors. There exists an acute demand-supply mismatch in the risk management profession. We need excellent risk professionals in organizations throughout the emerging markets. In PRMIA, the endeavor should be to go all out to improve the quality of risk management, and more generally, to contribute to an improved understanding of risks.
India is poised to become a risk management hub…..
In India, we have a rich pool of skilled professionals with strong mathematical grounding. Nurtured properly, India is ideally suited to become a hub of risk professionals in a decade’s time. The young generation has already sensed this and we are witnessing strong interest in PRMIA activities and the PRM certification.
PRMIA is a community that unites you in the global village…
With rapid globalization, we are now citizens of a global village and it is quite likely that our work shall steer us from one country to another. But wherever we are, we are proud members of the PRMIA network. We can continue to contribute to the enhancement of the risk management profession.
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