Mr. Puneet Malhotra is the Co-Founder of Global Risk Management Institute, Gurgaon, Haryana. He is an experienced professional with a demonstrated history of working in the Risk Consulting and Sports Industry. He is an expert in domains like Business Process, Enterprise Risk Management, Internal Audit, Management and Business Process Re-engineering. He has done B.Com (Hons) in Business and Commerce from Hansraj College of Delhi University. In addition to this, he has 15+ years of amazing experience in Risk Management, Consulting and Education and he has also worked with Fortune 500 companies across the globe. His experience spans across industries such as Automobile, Retail, Sugar, Transportation, Aviation, Energy, Oil & Gas, FMCG and different solutions.

Global Risk Management Institute

What would you like people to know about your college that makes it unique and different from others?

Our GRMI is led by the Dean and ably supported by a distinguished Board of Directors and Strategy Board, an internationally-represented Board of Governors, and an impressive Academic Council and all of them are working together to give a holy place in the form of an amazing to our students to learn and grow and create future leaders for the country and the globe. And the way our leadership is driving the entire program is guided by their commitment, passion and belief in giving back to the society and the same dedication has helped them become iconic figures in their domain. Apart from this, the curriculum of our college has a strong component of real-life case studies and is primarily developed with the key stakeholders of risk leading corporates and consulting firms, to make the overall learning experience significantly more interesting and experiential than classroom knowledge. This also ensures the relevance and acceptance of both the curriculum and the qualification.

PG in Risk Management offered by GRMI is a direct feeder of talent for leading Risk Consulting firms like PwC, E&Y, KPMG, Deloitte, Protiviti, Grant Thornton , BDO, Mazars and Crowe Horwath etc. and the market is estimated to be upwards of ~ USD 10B, which is possibly 40 – 45% of the global market. In addition to this, we invest heavily in students training programs to equip them with all the skills required to become competent Risk Professionals as GRMI is committed to ensuring an environment where students get to interact with more global leaders and risk practitioners.

What biggest challenges do you see both for the higher education sector in general and for GRMI specifically amidst the pandemic situation?

There has been a remarkable increase in cyber attacks and frauds during COVID-19 time and 90% of Anti-Fraud Professionals have seen an increase in consumer scams due to phishing, charity and fundraising, fraudulent vaccines/cures/tests, 3rd party buyer and seller online frauds etc. They have even predicted an increase in these kinds of cyber-breaches due to employees working from home. So all these makes the role of Risk Managers even more important and complex and demands a wide range of skills from them. And challenges for sure are there for both, other higher education institutions and for GRMI as well as we all need to include Risk Management courses and certifications like PGDRM as part of our business or curriculum as risk management has now become a necessary tool for the survival of a business not just in the long term but in the short term too. And if I talk about other scenarios, only 80 University programmes exist in the US that are not as exhaustive as PGDRM over 5,000 accounting programmes in the country alone, so this has created a huge gap and Graduation and PG programmes need to shift gears to include such top ups. Apart from this, continuously upgrading the curriculum is another struggle for us due to ever changing and increasing regulatory pronouncements and more stringent requirements and regulatory oversight including Anti Corruption laws like FCPA, ABAC, Third Party Risk Management, Data Privacy, Cyber Security and InfoSec Regulations. So to tackle all these roadblocks, we have invited the leading global Risk Consulting firms, The Institute of Internal Auditors, FICCI and AIMA etc. to be our Knowledge, content creation and survey Partners and we are currently in the final stages of agreement with these firms.

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What are some of the plans your institute is currently working on to give the best possible education and learning experience to students?

In my viewpoint, a qualification is only as good as its acceptance in the business and employment market. And it's unfortunate to see that there is a very thin line between getting education and being knowledgeable which people often forget to treat as separate things, so being a Risk Management Institute, we need to ensure that we accept the market reality and address the issue of relevant employment on time. Also, GRMI has created an ecosystem where end users who are getting education here are actively involved in creating the curriculum content on a regular basis and we have also collaborated with some of the larger global associations for institute's and students growth. 

And we are happy to share that we have invited a couple of the leading global Risk Consulting firms to be our Knowledge Partners and these firms will be actively engaged in the curriculum renewing process to make sure we stay relevant to the outside world and make the learning experience meaningful and practical for our young minds. Apart from this, course content will be validated by the firms along with many other global leaders of the risk consulting domain to ensure it meets the precise requirements of large risk consulting firms and corporate risk and compliance teams. Last but not the least, these firms will lend support by offering visiting faculty who will allow experience-sharing by leading Indian and global risk leaders with the students to make for a fruitful, experiential learning environment. And we are also in discussion with some of the large corporations in India to have them as our industry partners for the programme.

How is PGDRM different from other risk management qualifications?

PGDRM from GRMI is a great alternative to various regular Masters programmes. It's a full-time 1-year classroom education programme with a cutting-edge curriculum and extensive infusion of live case studies, to give students a more practical learning experience. And students after joining us to pursue PGDRM will be benefited directly as leading industry icons would be educating them and delivering a real life contextual knowledge to make learning more interesting and engaging for them. Apart from this, we are committed for all-around development of our students, hence we educate students about many other important concepts and subjects like HR, Organization Behavior, Applied Cyber Risk, Strategic Risk Management and Impact of Digitization on Risk Management so that they can gain additional knowledge and work amazingly in corporate world. Lastly, students who will be joining risk-consulting and corporate leaders will get amazing profiles to work in as compared to their peers who join with more generic qualifications.

Why has the demand for Risk Managers been increased post pandemic?

If one is familiar with the working of the corporate world, they would know the vital role that the Risk Management unit plays. So if I put this in the simplest words, the Risk Management Department safeguards an organization and prepares it to strive through any downfall that they might face in the short as well as long run. And to no surprise, the need for Risk Managers was always at peak before the pandemic also, but post pandemic, this demand has increased dramatically over the last few months and everybody is realizing the need for trained professionals at this time. And it is truly said that this is the time when Risk and Crisis Management education is of paramount importance and creating an overall risk-based culture will help in better managing the constantly evolving external environment, taking proactive steps whenever required and even planning strategically for the future.

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In today's time, why should students pursue PGDRM?

I firmly believe that there are numerous reasons for students to pursue Post Graduate Diploma in Risk Management. And the very first factor is that PGDRM gives a 100% stable and never ending career opportunities and its importance is only increasing day by day. Because post pandemic, every organization has realized the importance of having a Risk Manager for them and hence they are recruiting more trained Risk Professionals at an exceptionally high rate. In addition to this, when other people are uncertain about their jobs and millions have already lost it, Risk Managers don't have time to even think about it as they are flooded with new clients every day and are working with them 24*7 to deliver the best possible services. Hence, job security is another reason why students should pursue PGDRM. The potential recruiters of Risk Managers are large consulting and risk consulting organizations like Accenture, EY, KPMG, PwC, Deloitte, Protiviti, Grant Thornton, etc. Organizations like General Electrics (GE), Tata Group and PepsiCo etc. Last but not the least, students after successfully finishing PGDRM may join a diverse range of industries including Manufacturing, Insurance, Banking, Retail, Healthcare, Corporate Governance or Controller-ship/ Audit Department and may earn an attractive salary starting from an initial median of 9.25 LPA.