University of Mumbai Introduces Global Enterprise Risk Management Course in Collaboration with UK's IRM

University of Mumbai partners with IRM India to offer global enterprise risk management course as part of NEP initiative

The University of Mumbai's Garware Institute of Career Education and Development (GICED) has collaborated with the Institute of Risk Management - India Affiliate (IRM India) to introduce a pioneering educational offering: IRM's Global Level 1 Enterprise Risk Management (ERM) course. Offered as a two-credit open elective, this virtual course is aligned with the National Education Policy (NEP 2020). It represents a significant stride towards incorporating global risk management education into the Indian higher education framework. Founded in the UK in 1986, IRM is the world's leading certifying body for ERM, with a presence in 143 countries. The institution is renowned for its exclusive designations in ERM, culminating in a Fellowship at Level 5. In a world increasingly fraught with complex risks -- from pandemics and cyber attacks to supply chain disruptions and governance failures -- understanding and managing risk is no longer confined to a specialised profession. Instead, it is a critical skill set that spans all career paths. Through this collaboration, students of the University of Mumbai will gain the opportunity to become risk-intelligent across multiple domains and sectors through a globally recognised two-credit open elective virtual course that covers 300 risk areas. Course accessibility for students and alumni Open to undergraduate and postgraduate students from any college or discipline (such as technology, engineering, law, finance, and marketing), this course aims to make risk literacy accessible to a diverse student population. Alumni currently employed across various functions -- such as HR, supply chain, finance, auditing, governance, and branding -- or roles, including entrepreneurs and family business owners, can also enroll to upskill in ERM. Prof. (Dr.) Ravindra Kulkarni, Vice Chancellor of the University of Mumbai, expressed enthusiasm about the collaboration: "Partnering with the prestigious Institute of Risk Management (IRM) UK enables our students to gain cutting-edge knowledge in risk management. This collaboration prepares them navigate the complexities of a rapidly-evolving global business landscape, positioning them to excel across diverse careers." Ian Livsey, CEO of IRM, highlighted the significance of the partnership, stating, "This course will empower students to become professionals, business leaders, consultants, entrepreneurs, or next-gen family business owners. Recognised for two credits, it will serve as a gateway to mastering problem-solving and risk-based decision-making skills, allowing them to confidently transform challenges in emerging areas such as AI, climate change, geopolitics, and project management into opportunities." Hersh Shah, CEO of IRM India Affiliate, added, "We are committed to building a resilient and risk-aware India by nurturing risk-intelligent leaders. This partnership will equip students and alumni with essential risk management knowledge that transcends industries, roles, and responsibilities." Participants will receive a physical textbook and three months' access to IRM India Affiliate's online learning portal, which includes study materials, course videos, and 24/7 AI-enabled academic support. The examination is conducted on a rolling basis, and students will have unlimited attempts to pass within three months. Upon successfully completing both internal and external assessments, students will earn 2 academic credits under the Academic Bank of Credits (ABC). Furthermore, participants can appear for a supplementary online examination to obtain the IRM Global Level 1 Certificate, recognised in 140 countries. Registrations for the course open on October 15, 2024. Interested students and alumni can pre-register by visiting the Registration section on the GICED website. About IRM India Affiliate The Institute of Risk Management (IRM), headquartered in the UK and established in 1986, is the world's leading certifying body for ERM, providing globally recognized qualifications across 140+ countries. The IRM India Affiliate has forged partnerships with leading organisations such as Invest India, UltraTech Cement, Tata Consumer Products, HDFC Asset Management, and ICICI Lombard. It has also established academic ties with institutions like Mahindra University and NMIMS CIS. The IRM has been instrumental in numerous landmark initiatives, including the annual CRO summit and the 'What's the RiskTM' show on CNBCTV18. For more information, visit IRM India. Established in 1857, the University of Mumbai is one of India's oldest and most prestigious institutions of higher learning. Recognised as a Category I university by the University Grants Commission (UGC), it holds an A++ grade from the National Assessment and Accreditation Council (NAAC), with a CGPA of 3.65. Founded in 1984, the Garware Institute of Career Education and Development (GICED) is dedicated to offering vocational and career-oriented courses. Established through the vision of Padmabhushan Shri Abasaheb Garware and Prof. Ram Joshi, it continues to empower students through innovative educational programmes. Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

University of Mumbai launches IRM's Global Level 1 Enterprise Risk as 2-credit open elective course under NEP - Times of India

The University of Mumbai's Garware Institute of Career Education and Development (GICED) has launched a pathbreaking collaboration with the Institute of Risk Management's India Affiliate (IRM India) to introduce IRM's Global Level 1 Enterprise Risk Management (ERM) Course as a 2-credit open elective virtual course under the National Education Policy (NEP, 2020). IRM, headquartered in the UK and established in 1986, is the world's leading certifying body for ERM examinations across 143 Countries.IRM is the only body in the world to provide designations in ERM with Fellowship at Stage 5 / Level 5. In a world where events like pandemics, wars, cyber-attacks, fake news, supply chain disruptions, governance irregularities, entrepreneurial failures, succession planning and reputational damages are becoming increasingly common, understanding and managing all types of risks is no longer just a profession -- but a vital life skill across any career path. Through this landmark collaboration, students can earn global life skills by getting risk-intelligent in every domain and sector with this internationally recognized 2-credit open elective virtual course covering 300 areas of risks. University of Mumbai students studying under-graduation or post-graduation in any college, discipline or stream (technology, engineering, law, finance, business studies, entrepreneurship, marketing, and more) can register for the course to become risk-literate. Alumni of University of Mumbai working in any function (HR, supply chain, finance, audit, governance, procurement, branding) or role (entrepreneur, family business owner, professionals, employees) can also enroll for this course to upskill and start a career in ERM. Prof. (Dr.) Ravindra Kulkarni, Hon'ble Vice Chancellor, University of Mumbai, said, "We are delighted to partner with the prestigious Institute of Risk Management (IRM) UK to offer our students a world-class risk management open elective 2 credits program. This collaboration will enable our students to gain cutting-edge knowledge and skills in risk management, preparing them to navigate the complexities of a rapidly changing global business landscape. The students will be able to work in any career in any function across industries, including startup, family business, business department of a company or risk management departments, with their ability to identify enterprise-wide risks. UM GICED will be able to contribute towards creating Risk Resilient India." "This landmark collaboration will help students aspire to be professionals, business leaders, consultants, entrepreneurs, or next-gen family business owners, the open elective course, recognized for 2 credits, will serve as a gateway to mastering problem-solving and risk-based decision-making skills. Students will also learn to navigate challenges in emerging areas such as AI, climate, supply chain, geopolitics, and project management, confidently transform these challenges into opportunities", said Ian Livsey, CEO of the Institute of Risk Management. "We are thrilled to partner with the esteemed University of Mumbai, reinforcing our commitment to building a Viksit, Aatmanirbhar, and resilient India by nurturing risk-intelligent leaders. This collaboration will equip students and alumni from the University and its affiliated colleges with essential knowledge that transcends industries, roles, and responsibilities", said Hersh Shah, CEO of IRM India Affiliate and India's Youngest Enterprise Risk Expert, at the launch event. As part of the course, students will get a physical textbook, 3-month access to the online learning portal from IRM India Affiliate with study materials, course videos and 24/7 AI-enabled academic support through faculty. The exams will be conducted on an ongoing basis as soon as students complete the online training. Students will have unlimited attempts to pass the examination within a period of 3 months. Once students pass the internal and external examinations, GICED will generate a mark sheet as per the university academic schedule, and 2 academic credits will be granted under the Academic Bank of Credits (ABC). Candidates will then have the opportunity to pay and appear for the Supplementary Online Examination by IRM India to earn the IRM's Global Level 1 Certificate from the UK, recognised in 140 countries. Registrations for the course open on 15th October 2024. University students and alumni can pre-register by dropping an inquiry on the Registration Section. University of Mumbai Affiliated College Deans / Faculty / Programme Coordinators / HODs interested in offering this international course under NEP, integrating the course in their curriculum. About IRM India Affiliate The Institute of Risk Management (headquartered in the UK, established in 1986) is the world's leading certifying body for Enterprise Risk Management (ERM) examinations across 140+ Countries. IRM is the only body in the world to provide designations in ERM with Fellowship at Stage 5 / Level 5. IRM India Affiliate has partnered with leading organisations such as Invest India, NIMSME ( Ministry of MSME), IHCL, UltraTech Cement, Cipla, Reliance Jio, Tata Consumer Products, HDFC Asset Management and ICICI Lombard. It also has academic ties with institutions like Mahindra University, Sri Sri University, NMIMS CIS, IFMR Business School, MAHE, National Insurance Academy, and FLAME University. Other landmark initiatives include a report with AICTE, the annual CRO summit with NISM (SEBI's capacity building initiative), a virtual risk programme for school students with Mindler, What's the RiskTM show on CNBCTV18 and the Enterprise Risk & India Regulation Online Course (ERIRC) with NISM. More information on IRM's qualifications, exam updates, and other details are available here. About University of Mumbai The University of Mumbai (known earlier as the University of Bombay) is one of India's oldest and premier Universities. It was established in 1857, consequent upon "Wood's Education Dispatch", and it is one of the first three Universities in India. Category I University status awarded by UGC. The University was bestowed with an A++ grade, with a CGPA of 3.65, in August 2021 by the National Assessment and Accreditation Council (NAAC), Bangalore, and its current CGPA is one of the highest in Maharashtra. About Garware Institute of Career and Education Development The Garware Institute of Career Education and Development (GICED) was founded by the University of Mumbai in 1984 through joint efforts of Padmabhushan Shri Abasaheb Garware and Prof. Ram Joshi, then Vice Chancellor of the University of Mumbai with a vision of conducting various vocational and career-oriented courses. Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

Mumbai University introduces Global Enterprise Risk Management Course in collaboration with UK's IRM

Prof. (Dr.) Ravindra Kulkarni, Vice-Chancellor of the Mumbai University, said that the partnership with the Institute of Risk Management is a game-changer for our students The University of Mumbai, through its Garware Institute of Career Education and Development (GICED), has announced a major collaboration with the Institute of Risk Management's (IRM) India Affiliate to introduce the globally recognised Level 1 Enterprise Risk Management (ERM) Course. ADVERTISEMENT The initiative, aligning with the National Education Policy (NEP 2020), offers students and alumni the chance to gain a critical life skill in risk management via a 2-credit open elective virtual course. IRM, headquartered in the UK and renowned as the world's leading certifying body for ERM, will make this comprehensive course accessible to students and professionals alike. In a rapidly changing world where risks such as pandemics, cyber-attacks, and supply chain disruptions are becoming the norm, understanding enterprise-wide risks is essential across all industries. A Unique Learning Opportunity for Students and Alumni The collaboration enables undergraduates and postgraduates from any discipline at Mumbai University to register for the course, covering over 300 areas of risk, equipping them with essential skills to navigate and manage challenges in fields such as finance, engineering, law, entrepreneurship, and more. Alumni looking to upskill can also enroll, making this a unique opportunity for continuous professional development. Speaking on the collaboration, Prof. (Dr.) Ravindra Kulkarni, Vice-Chancellor of the Mumbai University, said, "This partnership with the Institute of Risk Management is a game-changer for our students. It will empower them with the knowledge to manage risks in any career, enabling them to contribute to building a risk-resilient India." Global Credentials, National Vision Ian Livsey, CEO of IRM, emphasized the significance of this course, noting, "This initiative is not just about managing risks; it's about preparing future professionals to transform challenges into opportunities, particularly in emerging sectors like AI and geopolitics." With registrations opening on 15th October 2024, the course marks a pivotal step in fostering risk-intelligent leaders in India.