Jimmi Adhe Kharisma, Chief Risk Officer
Modern-day organizations operate in a risky landscape. Especially, when it comes to the Fintech Industry, any number of risks might jeopardize operations and could threaten a company’s business continuity, competitiveness, and even existence. Organizations require a stronger leader who identifies, monitors, mitigates, and controls risks long before they can damage the company. CEO Insights’ exclusive team connects with one such stalwart, Jimmi Adhe Kharisma, Chief Risk Officer, Asetku, who has been proactively managing the risks and helping the organization adapt to the changes caused in its operating environment. Jimmi began his journey in the financial services industry as the Assistant Research Analyst at the Central Bank of Indonesia.
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Top 10 Chief Risk Officers In Asia - 2023
Significance of CRO
Risk has always existed in business and it was the responsibility of those in the top of organisations to manage, minimize and mitigate that risk. But in past few years, the volume of this risk has heightened more than ever. Today, businesses are not just threatened by any single means but by multiple troubles like geo-political, regulatory, cyber and technology risks. Thus the work of mitigating risks became more important than ever and a new role of CRO (Chief Risk Officer) was born.
The ‘Risk’ Statistics
The term ‘Risks’ in business originated in the insurance sector, where insurers would assess the potential risk of something harmful or unexpected happening. This can be anything like loss, damage or theft of something, to a personal injury. Today, the complexity of the Risks has grown so far that a research by the Association Management Risk and Insurance De L’entreprise (AMRAE), revealed that of the 270 risk managers surveyed, they came up against a very wide range of risks – operational (91 percent), fraud (83 percent), cyber security (79 percent), and even environmental (79 percent). Not only the Risk is getting more complex but also the threat it poses is getting greater. Cyber risk especially has grown in impact over the past five years, with ransomware attacks potentially able to bring an organization to its knees.
Mitigating Risks with Technology
Today organizations are searching for the best CROs and are equipping them with all possible technologies for attaining needed competencies for good risk management, better data and information. Predictive risk information can give management a legup in making better-informed decisions and help them take actions that produce outcomes that are more reliable. Evolution in computing and risk technology, and developments in other technologies that exploit Big Data, analytics, mobile applications, cloud computing, enterprise resource planning (ERP), and governance, risk, and compliance (GRC) systems, are also important for risk management. With all these technologies organizations will be provided with better abilities for enhancing risk management effectiveness.
This issue of the CEO Insights Asia magazine spotlights a list of ‘Top 10 Chief Risk Officers in Asia - 2023’ who have helped in the transformation and growth of corporate and business sector of the country. The list has been crafted by a team of Industry veterans, CEOs, and our editorial team thus delivering inspiring stories of their journey and the contributions & roles played by them in the creation and empowerment of a powerful nation.
|Company Logo||Company Management||Company Name||Company Description|
|Ajay Mathur, Chief Risk Officer||State Street||Senior financial services executive with product, risk type and operating environment experience in Asset Management, Wholesale, Corporate & Investment Bank businesses|
|Aravind Srinivas ,Chief Risk Officer||Manulife||An agile finance professional, responsible for maintaining the firm's risk management framework across Asia, while overseeing their global product and insurance risk practice|
|Barkis Ip, Chief Risk Officer||Hong Kong Life Insurance||He is an Australian CPA, Chartered Company Secretary, and a Certified Management Consultant, and a Fellow of the Hong Kong Institute of Certified Public Accountants|
|Jimmi Adhe Kharisma, Chief Risk Officer||Asetku||An accomplished CRO with a demonstrated history of working in the financial services industry monitoring threats to increase operational efficiency and financial stability of the organization|
|Prabha Thomas, Chief Risk & Compliance Officer||TCS||She is responsible for driving Enterprise Risk Management and Enterprise Compliance Management across the organisation|
|Ramesh Ramankutty, Chief Risk Officer||Cahya Mata Sarawak Berhad||A commercial banker turned into CRO, holds decades of experience in helping business operate in a risk managed environment|
|Rohit Kumar ,Chief Risk Officer||Al Masraf||A solution provider & visionary leader responsible for developing the Bank’s risk appetite & ensuring alignment with new business strategy|
|Shivkumar Mahadevan, Chief Risk Officer||Standard Chartered Bank||He has been in the financial services industry for over 29 years, of which the last 24 years have been with SCB where he has held various senior Risk roles across Singapore, Hong Kong, Dubai and Mumbai|
|Vidya C., Chief Risk Officer||AXA||An industry veteran in financial risk, operational risk and technology risk areas possess around 13 years’ experience encompassing the provision of assurance and corporate services|
|Whye-Loon Chan, Chief Risk Officer||Asia Capital Re||Experienced CRO with a demonstrated history of working in the insurance industry skilled in Enterprise Risk Management, Reinsurance, Financial Risk, Risk Management, and Property & Casualty Insurance|
|Omar Malik ,CFO||HSBC||A dynamic leader with extensive financial services experience across banking, insurance and wider wealth management|