A Role in Risk Management would involve following activities: Corporate Risk Management is evolving and involves a great deal

of interaction between consultants, industry forums and subject experts. Employees are required to leverage and build upon this network. It involves the following opportunities: Risk Profiling: This is a process where risk elements are identified in the business processes of the organization. A formal Risk Management Function has been set up in the organization. Risk profiling function entails statistical analysis of data from ERP and identification of areas in operations where variability is high. It also involves capturing nuances which do not manifest themselves in the data, through structured interviews with concerned business managers. Risk profiling once done for a business vertical, are updated at rgular intervals. Policy Articulation: Juxtaposing risk elements with business objectives creates the need to have policies to serve as guidelines for adopting risk levels in business. A well-articulated policy is instrumental in communicating the Risk Tolerance Level of the organization to all process owners. L&T is currently documenting this policy. Risk Analytics: Risk Analytics helps the: Risk officer to keep a tab on the Risk profile of the organization, and Process owners to do a quick 'what if' analysis and take business decisions Management Information System (MIS): MIS constitutes an integral part of Risk Management. It presents the Risk report to the Management and the Board in easy-tounderstand structure. A well-designed and timely MIS helps the organisation to meet both governance and compliance requirements. Knowledge Management: L&T continuously identifies areas for improvement. Information related to the same are captured, processed and modified so that the performance next time is better. Business graduates in Risk Management function are offered the following opportunities: Statistical Modeling: Statistical modeling skills are in focus during the Risk profiling exercise. Business scenarios are evaluated using simulation and other approaches. Employees must be conversant with contemporary tools used in simulation. Trends in Risk Management: As part of the Risk Management Group, employees are required to track the changes in Enterprise Risk Management arena with respect to regulatory and competitive environment. Pre-bid Risk Evaluation support: Bids for a project beyond a particular value are routed through the Risk Management team. The Risk Management group evaluates the proposals and advises the bidding team on the risk. To reduce business risk, various options are offered to the customer. This usually involves a valuation of real option. Interface with domain experts: