At Bonova Advisory we interview Industry Thought Leaders, C-suite from large firms and Influencers on a variety of topics pertaining to Risk, Regulation, Corporate Governance and Digital Innovations.
Last week, I had the pleasure of interviewing Soubhagya Parija Chief Risk Officer of nation’s largest public power authority New York Power Authority established in 1931 by President Franklin Roosevelt. Prior to joining NYPA, Soubhagya spearheaded Risk departments
at Walmart, Duke Energy and other large firms.
Thank you so much for doing this with us! What is your “backstory”?
Well, I call myself a passionate risk professional. I am still fascinated by the promises of risk management even after spending bulk of my career in this field. Never before have been so many uncertainties and uncertainties drive value of risk management.
How has your role evolved in managing risks from private to public sector?
To the extent risk management is about managing risk-reward tradeoffs so as to ensure optimal resource allocation, the role has not changed in a fundamental way. However, both risks and rewards are different in private sector vs public sector. In the public
sector risk…
