'Soubhagya Parija started with Sterling Jewelers Inc. to lead its newly established Enterprise Risk Management function in November 2006. Soubhagya is responsible for introducing cutting edge risk management tools and processes not only at Sterling, but also at its parent company Signet Group Plc., which is based at London, UK. Signet is world's largest specialty jewelery retailer.
After coming on board, Soubhagya has implemented automated risk register to capture risk across the organization. He has implemented risk heat map which is discussed by the senior management team periodically. In keeping with the COSO definition of ERM, Soubhagya has initiated the process for defining risk appetite and risk tolerance for the company. Among his current projects, Reputation Risk Management is the most significant one. He also oversees Sterling's regulatory compliance initiative as well as the company's Privacy initiative.
Prior to that Soubhagya was the Director, ERM with Duke Energy at Charlotte, NC. He has also served in a variety of functions at Cinergy Corp. such as strategic planning, corporate development, financial forecasting and risk management. Soubhagya has a Masters Degree in Economics from Jawaharlal Nehru University, New Delhi, India and a Masters Degree in Business Administration from Kelley School of Business, Bloomington, Indiana, USA.