eDelta brings in ‘rock star’ trainer
In the world of corporate governance, risk management and compliance, there are a few “rock star” experts, and Bermuda has access to one of the biggest.
Jay Ranade, an internationally renowned expert in this area, who has written 35 books on a variety of topics, is a top university professor in New York and consults with the heads of Fortune 500 companies, comes regularly to the Island as a trainer for the professional services firm, eDelta.
Whether a large banking company is dealing with new international regulatory standards or a local company is looking for business continuity planning, Mr Ranade is one the top people in the world who can help.
“He’s an expert on computers, communications, disaster recovery, IT security, operational risk management, and IT controls,” said Ken Winford, managing director of eDelta. “We brought in a rock star for a trainer and a lot of companies on the island don’t typically get exposure to that level of training.”
eDelta, a consulting services in the Governance, Risk and Compliance (GRC) field, opened its doors in Bermuda in September 2010. They provide risk assessment services and training to reinsurance, insurance, banking companies and Governement groups around different risk management subjects.
“We primarily concentrate on education and readiness assessments; helping companies get prepared for their audits,” said Mr Winford, who has 22 years’ experience in IT, operations, project management and business analysis.
Their main hub is in New York, run by John Bosco and a 50-member team with Mr Winford at their Bermuda office. Even though it’s a one-man shop, compared to its “Big Four” competitors of KPMG, PwC, Deloitte and Ernest & Young, they’ve been very busy this year.
“Business is going very well,” said Mr Winford. “Reception to our work has been very good. Once we do a project with a client, our work seems to expand as we have a variety of different services. In terms of revenue, we exceeded expectations and this year, we are potentially looking at doubling last year’s.”
They are also looking at expanding their operations into Canada, where Mr Winford is originally from and looking at developing a reseller and distribution channel into the Caribbean as well as Bermuda.
eDelta offers training programmes one week a month, specifically designed to align with the Bermuda Monetary Authority’s operational risk programme. In fact, they have invited the BMA to evaluate their operational risk and business continuity course materials.
“Part of our focus through the education programmes is to help our attendees understand the due diligence that it takes to operate business continuity, disaster recovery, compliance and risk-based subjects,” he said. “We help bring awareness to personnel on island about the level of scrunity and effort that is takes to execute these programmes correctly by international standards.”
He added that his clients aren’t just international companies but local ones as well.
“More local companies are reaching out to us, mostly in the area of business continuity,” he said. “They don’t typically get an opportunity to get off the Island for this level of training. Business continuity is a huge subject in Bermuda, it’s one of the cornerstones of the BMA’s operational risk programme.”
eDelta’s next courses include: February 27-29: ORM (Operational Risk Management); March 1-2: CBCP (Certified Business Continuity Professional) Exam; March 26-30: CISSP Exam Prep Training Course. For more information, e-mail gadams[AT]edeltaconsulting.com.