Saket Murarka, student of Finance 2018-’19 batch, interned at Edelweiss Tokio Life Insurance where he worked with the risk management team. There he was assigned three major projects on Operational Risk. His first project required him to create risk themes based on the risk events and their impact on the organization as a whole. His second project was to provide control measures and recommendations to prevent the recurrence of such events. For the third project, he had to design a Framework for Operational Loss Reporting and devise a Loss Recovery Mechanism.
Saket mentions “help will always be given at Edelweiss Tokio to those who ask for it” to be the best phrase to describe the culture over there. One could easily approach any person for any information and details. For his project, he was required to interact with people to get necessary inputs and requirements across domains and verticals, for which he never faced any issue.
There came a point when the scope of one of his projects was completely changed post his first review. He had to start from scratch and complete the new project within the remaining frame of time, for which he had to work during weekends and stay late at the office to be able to deliver the best. This was the major challenge he faced.
He experienced that the implementation of theoretical concepts in practice was way different than what he had learnt. Some concepts could be implemented in the different domains. One needs to be able to identify the solutions best suited to the organization’s perspective. He expresses that your solution need not be the best, but it must be better than what others are doing, that’s what sets you apart from others.
Saket asserted the importance of asking relevant questions at the right time. His inquisitive nature helped him in having intense discussions with his mentor. Also, his proactive attitude towards his project and work helped set him apart from his fellow interns and get a PPO.
To the junior batch, he says that no one expects you to know everything, however, one needs to be able to portray one’s zeal to learn. That will ensure you have a steep learning curve ahead. Time Management and self-management are two important factors that form success pillars in one’s life.
SCMHRD Family wishes him all the best for his future endeavours!
-Anubha Mishra, Media and PR Team