Chhavi Bhardwaj
Delhi
Summary
Dynamic and results-driven Assistant Manager in the Risk Management Department at Tata Consumer Products, with extensive experience in Enterprise Risk Management across diverse industries, including FMCG, Industrial Automation, Mining etc. Possessing a Postgraduate degree in Risk Management from OTHM, UK, I am a self-motivated professional committed to continuous learning and applying theoretical knowledge to practical scenarios. I excel in identifying risks, developing mitigation strategies, and fostering a culture of risk awareness to enhance organizational resilience and drive informed decision-making.
Overview
3
3
years of professional experience
1
1
Certification
Work History
Assistant Manager ERM
Tata Consumer Products
Bangalore
07.2023 - Current
- Embed ERM into Business Operations: Conduct periodic workshops with business/function heads and risk champions to strengthen risk management awareness and execution across the organization.
- Support Functional Risk Register Development: Coordinate with various functions to assist risk champions in developing detailed functional risk registers, ensuring comprehensive identification and monitoring of risks.
- Facilitate ERGC Presentations: Conduct and support business units in presenting their risk registers to the Executive Risk Governance Committee (ERGC), ensuring clarity and alignment with organizational risk management strategies.
- Establish Risk-Related KPIs: Collaborate with business units to establish risk-related Key Performance Indicators (KPIs), monitor their progress, and conduct thorough root cause analyses to continually enhance mitigation strategies.
- Track Strategic Mitigation Plans: Monitor and evaluate the progress of strategic mitigation plans, developing a mitigation scorecard to ensure alignment with business objectives prior to presentation to the Executive Office (EO) and Risk Management Committee (RMC).
- Offer Independent Assessments: Provide independent assessments of the adequacy of strategic mitigation plans, recommending enhancements as necessary, and continuously monitor external and emerging risks, including known-unknown risks, presenting outcomes to the RMC and the board.
- Institutionalize Risk Frameworks: Implement and institutionalize frameworks for identifying and monitoring external and emerging risks, ensuring that all significant risks are captured and reported for key business areas.
- Deploy ERM for Business Portal: Embed the 'ERM for Business' portal across the organization to proactively identify and track functional risks, ensuring that major events impacting the business or industry are documented and addressed.
- Enhance Risk Culture: Promote a strong risk culture and awareness throughout the organization via periodic communications on ERM practices and emerging risks, facilitating bi-annual ERGC reviews of key risks and mitigation strategies.
- Work for RMC Agenda: Adhere to the approved Risk Management Committee (RMC) agenda, ensuring timely completion and presentation of deliverables to the CFO, CEO, and RMC Chairman, prior to uploading materials to the Board Portal.
- Add Value to Business Presentations: Review business presentations for the RMC to ensure comprehensive coverage of risks and long-term strategies, including monthly decks and budget presentations that track key performance indicators (KPIs) such as market share, profitability, and revenue growth.
- Monitor Industry Trends: Stay informed on competitor movements, mergers and acquisitions, and industry developments to provide insights that inform risk management strategies.
- Leverage Analytics for Risk Mitigation: Utilize and enhance sourcing/supplier risk intelligence tools to derive insights that mitigate risk impacts and enhance organizational performance, including refreshing market share data for key product categories.
- Conduct Ongoing Risk Assessments: Regularly assess and analyze risks associated with sourcing, supplier relationships, and commodity price trends to support strategic decision-making and enhance risk management effectiveness.
- Prepare Data for Annual Report: Work collaboratively to prepare and compile data for the risk management section of the annual report, ensuring accurate representation of the organization's risk profile and management strategies.
Consultant
Deloitte Services LLP
05.2022 - 06.2023
- Advised clients on the development and implementation of robust Enterprise Risk Management (ERM) frameworks, ensuring alignment with corporate governance standards and establishing effective committee structures to enhance oversight and accountability.
- Managed daily client engagements, overseeing the execution of risk management initiatives to ensure timely delivery and alignment with client expectations.
- Formulated tailored risk management solutions to strategically address complex client risk concerns, enhancing organizational resilience and operational effectiveness.
- Provided expert guidance on ERM best practices, assisting clients in identifying, assessing, and mitigating risks, including emerging threats that could impact operations.
- Developed comprehensive risk registers that outlined risk-contributing factors, response plans, and contingency strategies for existing and potential risks, facilitating proactive risk management.
- Identified and analyzed potential known-unknown and unknown-unknown risks at the enterprise level, enabling clients to prepare for and respond to unforeseen challenges effectively.
- Collaborated with clients to identify risks and develop mitigation strategies, including the creation of Risk Control Matrices (RCMs), Internal Financial Control (IFC) testing, access control testing, and Segregation of Duties (SOD) conflict testing.
- Conducted internal audits for critical business processes such as Order to Cash, Human Resources, and Procure to Pay, ensuring compliance with internal controls and regulatory requirements while enhancing overall risk management practices.
Summer Intern
Grant Thornton Bharat LLP
01.2022 - 03.2022
- IFC testing covering Process Reviews, designing test scripts, execution of fieldwork testing, communicating findings to business, reporting gaps and recommendations on improvements or remediation plans for different processes such as Accounts Receivable, Indirect Taxes, etc
- Internal Audit of Order to Cash process and proposal process
- Updated RCM basis process walkthroughs for a Credit Rating Agency
- Compliance review of a Digital Wallet organization
- Assisted in the Engineering and Fire Safety review of an organization in the healthcare sector.
Education
Post Graduate Diploma in Risk Management -
Global Risk Management Institute
12.2021
B.A. Programme -
Atma Ram Sanatan Dharma College, D.U.
01.2019
Class XII -
Ramjas School (CBSE)
01.2016
Class X -
S.D. Public School (CBSE)
01.2014
Skills
- Enterprise Risk Management
- Leadership quality
- Interpersonal Communication
- Team Collaboration
- Cross-Functional Teamwork
- Risk registers
- Risk mitigation strategies
- RCMs
- IFC testing
- Analytical Thinking
Certification
- BSI CRISP Certified Risk Professional, based on ISO 31000:2018, ISO 27001:2022 and 22301:2019
- German A2 Certification in Germany A2 level
Projects
Risks related to the distribution of Covid Vaccines Automatic cars and their associated risks
Languages
Hindi
First Language
English
Proficient (C2)
C2
German
Beginner (A1)
A1
Affiliations
- Inter Zonal level Table Tennis Player
- Zonal level Debate champion
Timeline
Assistant Manager ERM
Tata Consumer Products
07.2023 - Current
Consultant
Deloitte Services LLP
05.2022 - 06.2023
Summer Intern
Grant Thornton Bharat LLP
01.2022 - 03.2022
Post Graduate Diploma in Risk Management -
Global Risk Management Institute
B.A. Programme -
Atma Ram Sanatan Dharma College, D.U.
Class XII -
Ramjas School (CBSE)
Class X -
S.D. Public School (CBSE)
- BSI CRISP Certified Risk Professional, based on ISO 31000:2018, ISO 27001:2022 and 22301:2019
- German A2 Certification in Germany A2 level
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