NEW YORK (22 November, 2019) – For its achievements in developing and implementing Enterprise Risk Management (ERM) strategies that proactively identify risks, enhance mitigation efforts, and help achieve business objectives, RIMS, the risk management society®, presented Cognizant Technology Solutions with the 2019 India Enterprise Risk Management Award of Distinction. Cognizant’s Assistant Vice President & Head - Enterprise Risk Management, K.S. Dinesh, accepted the award on company’s behalf, at RIMS Risk Forum 2019 India in Mumbai.
With a changing digital landscape and a need to deliver superior solutions to meet clients’ expectations, Cognizant’s ERM program ensures that risk issues are explicitly considered in decision-making, thereby minimizing negative surprises and ‘predictable’ failure. The acceptance of ERM across the organization has strengthened Cognizant’s ability to identify and proactively address issues, increase the velocity of implementation of mitigation actions, and institute rigorous risk measurement, risk reporting, and governance.
“Cognizant’s ERM program has grown to be a source of competitive advantage for the organization, with valuable support from the leadership team and the Board. It has enabled our business leaders to make swift yet well-informed decisions,” says John Brennan, SVP and Chief Audit Executive - Cognizant, who oversees the ERM program. K.S. Dinesh adds, “We continue to drive a risk-aware culture with a clear tone at the top that supports risk embedded processes, informed decision making, and innovation. We are honored to have our work recognized by RIMS and to share our experiences with its global risk management community”.
This is the second year that the Society has awarded the RIMS India ERM Award of Distinction. For the award, programs are judged on the scope of the ERM program; how effective it is at engaging people throughout the organization; the program’s link or connection to the company’s overall mission; and its ability to create additional value for the organization.
“As India’s risk management landscape continues to evolve, ERM can be a valuable asset that paves the way for businesses to improve processes, unify business areas and successfully identify and leverage emerging risks,” said RIMS Regional Advisory Group, India Chair N.K.V Roop Kumar. “Cognizant’s ERM program is best-in-class. We are proud to present the India ERM Award of Distinction to them and welcome their experience to RIMS’ expansive collection of risk management insight.”