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Enterprise Risk Management for Banks - Wipro

1 | Enterprise Risk Management for BanksWIPRO TECHNOLOGIES Enterprise RISK Management FOR Banks Wipro TECHNOLOGIESS eshagiri Rao Vaidyula, Senior Manager, Governance, Risk and Compliance Jayaprakash Kavala, Consultant, Banking and Financial Services 2 | Enterprise Risk Management for BanksWIPRO TECHNOLOGIES 1. INTRODUCTION ..3 2. RECENT FINANCIAL CRISIS AND WHAT WENT 3. INITIATING AND IMPLEMENTING Enterprise RISK Management ..6 4. CHALLENGES IN ADOPTING Enterprise RISK Management ..7 5. Wipro S APPROACH TO Enterprise RISK Management ..9 6. CONCLUSION ..11 TABLE OF CONTENTS 3 | Enterprise Risk Management for BanksWIPRO TECHNOLOGIES1. INTRODUCTION Risk Management in banking sector is in limelight especially after the recent turbulence that has impacted the very existence of banking sector as a viable industry. The journey of risk Management started way back in early 1800 s, where the Banks had recognized the significance of the role of risk Management and had adapted the same by creating a risk function in their organizations.

3 | www.wipro.com/industryresearch Enterprise Risk Management for Banks WIPRO TECHNOLOGIES 1. INTRODUCTION Risk management in banking sector is in limelight especially after the recent turbulence that has impacted the very

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