New Jersey resident Rao Chalasani has been working in financial risk management since 1994. During his time at the Bank of America-Merrill Lynch in New York, NY, Rao Chalasani invented the US patent-pending Enterprise Risk Management System.
This system can be used by many different kinds of organizations. Unlike other forms of risk management, the Enterprise Risk Management System is implemented to assess risk across several areas of exposure, including financial, reporting, governance, operational, and strategic risk.
With the help of computer technology and extensive databases, organizations can view risks as interrelated rather than in separate categories and view them in regard to both short-term and long-term risk. Through this global understanding of risk, the framework can help an organization work at their most productive capacity.
Enterprise Risk Management System is currently in use at financial organizations all over the world, including the global Fortune 500 company Azco Nobel in the the Netherlands; Panasonic in Japan, which is one of the world’s largest manufacturers of electronics; and Harrah’s Entertainment in the US, the world’s largest branded casino entertainment provider.