Expanding on strategy to build talent
NEW DELHI, July 31, 2015: Genpact Limited (NYSE: G), a global leader in designing, transforming, and running intelligent business operations, today signed a Memorandum of Understanding (MoU) with one of India’s premiere universities, Jadavpur University. With this MoU, the two organizations will work together to develop an Analytics and Research program. This program will be offered in the Masters in Economics stream run by the university.
This proprietary program will leverage Genpact’s rich experience and broad suite of analytics solutions serving multiple banks globally and helps students gain experience with tools, business applications and the latest industry trends and expectations. The program will provide students with direct exposure to risk management and financial services analytics applications, which will be imparted through guest lectures and workshops conducted by Genpact’s subject matter experts and training partners. The course aims to provide both theoretical and practical experience in analytics as applied in different industries. Upon successful completion of the program, students will become eligible for employment in the Risk Analytics practice at Genpact.
To keep up with the extremely dynamic and competitive business environment and to address the talent gap in the industry, Genpact has established the ‘Risk Academy’ as an engine to hire, train, develop and manage talent. A combination of complex and ever-increasing regulations and an increasing cost of hiring experts are impacting the banking and financial services industry worldwide, resulting in the surge in demand for risk analysts with specialized skills in data management, statistical analysis and risk management.
Announcing the signing of the MoU, Manish Chopra, Senior Vice President and Business Leader, Risk Services at Genpact said, “Genpact’s Risk Academy differentiates us in quickly adding a sustainable talent pool of industry-ready resources in niche areas like model validation, stress testing, and data analytics. We look forward to further innovation and developing a broader platform for risk management with Jadavpur University.“
Amit Bhaskar, Vice President and Head, Financial Services Analytics at Genpact said, “Our idea is to help young professionals build a deeper appreciation of analytical tools and their application, making the brightest minds job-ready in a dynamic industry.”
Dr. Suranjan Das, Vice Chancellor, Jadavpur University said, “There is a need for coordination between the industry and academia for bolstering research and innovation. Jadavpur University has a long tradition of industry-institute partnerships which has provided a platform for interaction between industry and academia. ln the backdrop of such evolving synergy between the university and industry this MOU between two significant entities in their respective domains, namely Jadavpur University in academics and Genpact in data analytics, is a very positive step in tapping the vast human capital and in creating a pool of industry-ready talent. lt will also address the demand-supply gap in the analytics sector. This program will be helping the students of the Department of Economics at Jadavpur University to build a deeper appreciation of analytical tools and their application in an increasingly data-driven and technologically-connected world.”
About Genpact: Genpact (NYSE: G) stands for “generating business impact.” We design, transform, and run intelligent business operations including those that are complex and specific to a set of chosen industries. The result is advanced operating models that foster growth and manage cost, risk, and compliance across a range of functions such as finance and procurement, financial services account servicing, claims management, regulatory affairs, and industrial asset optimization. Our Smart Enterprise Processes (SEPSM) proprietary framework integrates effective technology and data-driven insight into the fabric of enterprise processes to help our clients be more competitive. Our hundreds of long-term clients include more than one-fourth of the Fortune Global 500. We have rapidly grown to over 70000 people in 25 countries with key management and corporate offices in New York City, but our global critical mass doesn’t dilute our flexible and collaborative approach and our management team still drives client partnerships personally. Our clients attribute much of our success to our unique history – behind our passion for process and operational excellence is the Lean and Six Sigma heritage of a former General Electric division that has served GE businesses for more than 16 years. For more information, visit www.genpact.com. Follow Genpact on Twitter, Facebook, LinkedIn, and YouTube.