Enterprise Risk Management is known wide over to enhance the decision-making process of organizations starting from traditional decisions to those encompassing the strategic aspects. For this reason, the main purpose I want to pursue Enterprise Risk Management at the Columbia University is because I would like to improve my value to the companies I would work with in future and enhance my traditional silo risk management skills. Moreover, with my successful completion of the course, I will have the ability to identify the key risks from all the various channels from which they emanate. While it is important to mitigate risks within the organization, there are issues surrounding rating agencies, shareholders, and stakeholders which are all covered in the Masters of Science in Enterprise Risk Management offered by your institution.
I have graduated from the University of Buffalo with a Bachelor of Science in Accounting with vast knowledge in financial accounting, statistics decision in management, and auditing. In particular, the auditing skills I possess will be of great importance to the program as both lay emphasis on the risk profile of companies despite assuming different approaches. On the other hand, auditing entails offering the assurance services related to risk management which is pivotal in creating independence when it comes to reporting. The knowledge gained from Enterprise Risk Management will coalesce with my specific skills in auditing as it will ensure I achieve a greater capability in developing and enforcing an effective risk response when it comes to the decision-making process.
I perform the role of a transport logistics analyst with FreshDirect which runs its operations in New York. My primary responsibilities include conducting operations with the motive of generating cost savings, putting to use specific software to identify business opportunities, identifying trends for better predictions in the future, balancing customer service objectives, and adjusting product routing to meet the set margins. Important to note is that there are multiple risks involved in the process and with the ERM knowledge, I will possess the upper hand in performing qualitative assessments which are vital in generating cost savings. Moreover, the strategic planning skills gained from ERM will assist me in optimizing routing plans and further coming up with reliable future forecasts given as the strategic plan goals are more achievable. Therefore, I will be able to deliver good results to my employers.
Becoming a manager or a director of a company are my career goals. However, the roles of these individuals require additional skills such as the ability to adopt a practical approach, being able to exercise risk governance, striking a balance between communication and business-oriented skills, and being flexible. Apart from the accounting, statistics decision management, and auditing skills I possess, the Enterprise Risk Management program will propel me towards my career goal as the additional skills are embodied within it. Mainly, the program is ideal for those individuals who wish to enhance their capabilities in the management of insurable risks, auditing, compliance, and information technology. Therefore, these areas being my main interests I believe will make me realize my career goal upon completion of the program.