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Today all organizations are subject to fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets, Consequently as part of an organization’s governance structure, a fraud risk management program should be in place, including a written policy to convey the expectations of the board of directors and senior management regarding managing fraud risk. Knowing present corporate focus and need for improved fraud risk governance & management, we’re pleased to launch our Fraud Risk Consulting services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services.
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Fraud Management- Risk Consulting Services
Riskpro India Ventures (P) Limited New Delhi, Mumbai, Bangalore
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Who is Riskpro… Why us?
ABOUT US
Riskpro is an organisation of member firms around India devoted to client service excellence. Member firms offer wide range of services in the field of risk management.
Currently it has offices in three major cities Mumbai, Delhi and Bangalore and alliances in other cities.
Managed by experienced professionals with experiences spanning various industries.
MISSION
Provide integrated risk management
consulting services to mid-large sized corporate /financial institutions in India
Be the preferred service provider for complete Governance, Risk and Compliance (GRC) solutions.
VALUE PROPOSITION
You get quality advisory, normally delivered by large consulting firms, at fee levels charged by independent & small firms
High quality deliverables
Multi-skilled & multi-disciplined organisation.
Timely completion of any task
Affordable alternative to large firms
DIFFERENTIATORS
Risk Management is our main focus
Over 200 years of cumulative experience
Hybrid Delivery model
Ability to take on large and complex projects due to delivery capabilities
We Hold hands, not shake hands.
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Our Network Presence
New Delhi
Mumbai
Bangalore
Ahmedabad
Pune
Agra
Salem
Kolkata
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Fraud Risk Management- Context Setting
Business different
elements have risks
associated which needs to
be identified and action
plan put in place to mitigate
and reduce potential loss
occurrence
Effective risk management
is a collective effort at a
organizational level to
reduce potential threats
and protect bottom lines of
business
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Fraud Occurrence - Conditions
$
Pressures
Rationalization Opportunities
Fraud Triangle
Financial Pressures
Personal Habits (Gambling, Drug, Alcohol)
Work-related Factors (Overworked, Underpaid, Not Promoted)
Achieve Financial Results (Bonus, Compensation)
Insufficient Working Capital, High Debt Level, Credit Difficulties
Poor Internal Controls
Low Fraud Awareness
Treat Fraudster With Leniency
Rapid Turnover of Employee
Use of Many Banks
Weak Subordinate Personnel
Absence of Mandatory Vacations
I am only borrowing the money and will pay it back
Nobody will get hurt
The organization treats me unfairly and owes me
It’s for a good purpose
It’s only temporary, until operations improve
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Fraud Risk – Diagnostics Process
Identify Key Fraud and
Integrity Risks
Source Fraud and
Integrity Risks
Measure Fraud and Integrity Risks
Reject, Transfer and
Retain Risks
Evaluate Existing Fraud and Integrity
Risk Controls
Design Improved Fraud and Integrity
Risk Controls
Build Improved Controls Into Client
Processes
Assess Fraud and Integrity Risk
Evaluate and Improve Fraud and
Integrity Risk Controls
Communicate
ResultsExceed
Agree on Expectations and
Deliverables
Provide Change Management
Fraud Risk Diagnostic Process is designed to :
- Prevent/Deter/Detect/Investigate Fraud Risk
- Reduce Fraud Risk to an acceptable level
- Improve your “ Bottom Line”
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Fraud Risk - Business Services Spectrum
Business Fraud
Investigation Service
Business Fraud
Risk Management
Business Fraud
Hot Line System
Fraud Investigation Service
Anti-Money Laundering
Intellectual Property Service
Corporate Intelligence
Whistleblower Service
Fraud Risk Services
Fraud Risk Diagnostic
Fraud Risk Prevention Service
Ethics & Anti-Fraud Program
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Forensic Services - Process Overview
Fraud Investigation
Fraud Risk Management
Background Verification
Litigation Support
Corporate Intelligence
Business Ethics & Integrity
Legal and Regulatory Compliance
As
se
ss
me
nt
In
ve
sti
ga
tio
n
An
aly
sis
Rep
ort
ing
Cyber Crime
Investigation
& Response
Our Forensics & Fraud Investigation Life Cycle Services
Forensics
Analysis &
Reporting
Organizational
Culture
Assessment
Internal IT
Control & Risk
Analysis
IT Risk
Diagnostic
Business
Interruption
Claims
IT Evidence
Collection
Education
Verification
Past Records
Verification
Training & Education
Vital
Information
Collection
related to
Business
Dealers
Franchisees
Distributors
Suppliers
& Service
Providers
Organization
to be acquired
or merged
Vendor/Third
Party Program
Vendor/3rd
Party
Assessment
Vendor
Monitoring
Forensics &
Investigation
Process
Design/
Implementati
on
Accounting
Fraud
Investigation
Security &
Privacy Program
Data Loss
Prevention
Anti-Fraud
Measurement
Employment
Verification
Reference
Verification
Criminal
Verification
Address
Verification
Code of
Conduct
IT Governance
(COSO/COBIT)
Design &
Implementation
Procall
IPR Disputes
Joint Venture
Partnership
Disputes
Complex Case
Management
Clause 49
SEBI
compliance
Sarbanes
Oxley
compliance
FCPA(Forei
gn Corrupt
Practice
Act) act
USA 1973
KYC -
Banks
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Fraud Management- Risk Consulting Components
Loss Prevention
Anti-Corruption Whistle Blowing Background Screening
Forensics Services Vendor Screening
Risk Intelligence Business Ethics
Fraud Risk Management
Internal Risk Controls Litigation Services Investigative Accounting
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Loss Prevention
Employee Behavior
Customer Service
Employee Theft
Waste
Poor safety practices
Bad accounting procedures
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Risk Intelligence
Geopolitical Surveys
Risk Profiling
Criminal Suspect Profiling
Investigations
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Business Ethics
Due Diligence
Corporate Social Responsibility
Ethical Assurance
Ethical Investing
Business Ethics Training
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Anti-Corruption
Anti-Corruption Compliance & Investigations
Policy & Procedure Design & Review
Investigative Due Diligence & Risk Assessment
Investigate Allegations of Corruption
Compliance with Accounting & Internal Controls
International Presence & Capability
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Whistle Blowing
Management information source
Proactive approach – Establishing , enabling timely action
Reduction in crime perpetrated against the corporation
Improved Labor relations
Loss recovery due to theft, fraud & crimes
Awareness Culture creation
Caller Information Advisory
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Background Screening
Employee screening
Senior executive screening
Periodic employee screening
Substance abuse testing
International background screening
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Vendor Screening
Family & Business history of promoters
Financial Strength of Promoters or the Vendor
Regulatory Compliance History
Criminal Records verification
Market Reputation
Reference Checks with other Clients
Vendor Due Diligence
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Forensics Services
Disputes support
Forensic accounting & Analysis
Investigations
Technology Solutions
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Fraud Risk Management
Operational Reviews
Investigative services
Project Management
Training & Awareness
Data Analysis
Interim Management
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Internal Risk Controls
Internal Audit strategic sourcing
Enterprise Risk Management
Regulatory compliances (SOX)
Contract compliance
Corporate Governance
Continued Monitoring
Integrated Assurance
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Litigation Services
Bankruptcy Litigation
Commercial Litigation
Intellectual Property
Insurance Claims
GAAP related support
Computer Forensics
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Investigative Accounting
Effective controls for fraud detection
Financial fraud and embezzlement
Determination of economic damages
Financial modeling
Determination of change in net worth
Insurance claims fraud
Banking
Financial Services
Insurance
Automotive
Telecom
Real Estate Infrastructure
Pharma/
Bio-tech Retail
Energy Securities
Industry Alignment
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Fraud Risk - Analysis & Management
Control It
Share or
Transfer It
Diversify or
Avoid It
Risk
Management
Process
Level
Activity
Level
Entity Level
Risk
Monitoring
Identification
Measurement
Prioritization
Risk
Assessment
Risk Analysis
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Our Approach
Analyze
Investigate
Resolve
Report
Riskpro
End to End Solutions
Integrated Financial Solutions
Reasonably priced quality services
High Quality Deliverables with experienced professionals
Protects you from any Monetary or
Reputation damage
Ensures that the Code of Conduct is
understood, followed and not violated
Enables you to identify risks / control gaps
Helps you identify any undisclosed
production
Risk Mitigation
Process Improvement & Reengineering
Improved Corporate & IT Governance
Evaluate & Classify Third Party Risk
Monitor and verify security controls
contracted to business vendors
Mitigation of vendor service delivery risk
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Our Risk Consulting - Value Proposition
Based on our understanding of your requirements, we have customized a package of our solution offerings to meet your needs.
To detect and prevent fraud
and evaluate Code Of
Conduct Compliance on
following parameters :
Fraud Detection
Fraudulent Vendor
Recruiting new dealers, suppliers, franchisees or distributors
Anti-Fraud Measures
Monitoring Compliance and Authorization
Workplace Practice
Background check for employees
Background check for customers
Prevent default of high value bills
Our Solution For you
Analyze
Investigate Resolve
Understanding Your Supply
Chain
To Monitor Your Process
Evaluating your need
Source Root cause of Problem
Obtaining And securing Evidence
Confidential Interviews
with vendors
Prioritize solutions and
remedial measures
Quantify Loss and Suggest
possible Actions
Solve Compliances
Issues
Benefits To You
Protects you from any
Monetary or Reputation
damage
Code of conduct
establishment
Enables you to identify
risks / control gaps
Helps you identify any
undisclosed production
Risk Mitigation
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Riskpro Clients
Our Clients
*Any trademarks or logos used throughout this presentation are the property of their respective owners
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Team Experiences Our Experiences
Our team members have worked at world class Companies
*Any trademarks or logos used throughout this presentation are the property of their respective owners
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RESUMES – Our team
Co-Founder - Riskpro
CA, CPA, MBA-Finance (USA), FRM (GARP)
Over 10 years international experience – 6 years in Bahrain and 4 years USA
15 years exp in risk management consulting and internal audits, Specialization in Operational Risk, Basel II, Sox and Control design
Worked for Ernst & Young (Bahrain), Arab Investment Company (Bahrain), Navigant Consulting(USA), Kotak Mahindra Bank (India) and Credit Suisse(India)
Sox Compliance project for Fannie Mae, USA ( $900+ Billion Mortgage Company)
Manoj Jain
Co- Founder - Riskpro
CA (India), MBA (Netherlands), CIA (USA)
Over 15 years of extensive internal and external audit experience in India and abroad.
Worked with KPMG United Arab Emirates, PKF South Africa, Ernst and Young Kuwait, Deloitte Netherlands and KPMG India.
Worked with clients in a wide variety of industries and countries including trading, retail and consumer goods, NGO, manufacturing and banking and finance. Major clients include banks, investment companies, manufacturing organizations, aviation etc.
Rahul B
han
Credentials
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RESUMES - Our team
Co-Founder - Riskpro
PGD (Electrical & Electronics & Computer Programming)
30 years of experience in Information & Communications Technology (ICT) Solutions for Retail, Garments, Manufacturing, Services Industries.
Has created Companies, Divisions, Products, Brands, Teams & Markets.
Consulting in Business, Technology, Marketing & Sales & Strategic Planning.
Advisory, Training, Workshops & Implementation in Systems Thinking, Systems Modeling & Balanced Scorecard
Worked with TIFR, Mahindra, Ambience, Communico-Graphique & Ionidea Inc, USA,
Casper A
bra
ham
Credentials
Sr Vice President – Risk Management
MBA, PDFM,NSE-NCFM, PMP, CSSGB,ISO 9001:2000 I.A,GARP-FBR, ITILV3,CPP-BPM
Professional with 17 years of rich experience into diverse Consumer finance/ Lending operations ,Risk Management,BPMS, Consumer Banking, NBFC, Management Consulting & Housing finance in BFSI industry having successfully led key business strategic engagements across multi-product environment in APAC, Australia and US regions.
Worked with GE, ABN AMRO Bank, Citigroup, Accenture, Deutsche Postbank
Highly skilled and expert Trainer in Risk areas across Credit, Fraud, Operational, Corporate Risk management.
Specializes in Fraud Control, AML/KYC Compliance ,QA ,ERM and Regulatory governance.
Hem
ant S
eig
ell
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RESUMES - Our team
Head - Insurance Risk Advisory services
B.sc, Associate of Indian Institute of Insurance
Licensed Category A Insurance surveyor
26 years of experience in Insurance advisory services, Loss adjusting for large corporates,Claims management.
Has assessed more than 4500 high value insurance claims across various industry sectors.
Risk management inspection
Valuations of fixed assets for insurance purpose.
R. G
upta
Credentials
Head - Human Capital Management
Chartered Accountant, Lead Assessor ISO 9000, Six Sigma Trained, Trained on Situational
Leadership, Trained on interviewing skills and Whole Message Model.
Over two decades of international, multi-cultural experience in finance and human resources viz. internal audit, accounting operations, accounting process review & re-designing, risk management, business solutioning, six sigma projects, talent acquisition, talent retention, organization design/redesigning, compensation and appraisal processing, employee and customer satisfaction surveys, knowledge management and finance services.
Worked with Citicorp/MGF, India Glycol, Delphi, American Express India, American Express USA, Fidelity International and Macquarie Global Finance Services India.
Nile
sh B
hatia
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RESUMES - Our team
Co-founder- Riskpro
B.Com, FCA
Senior Partner with 48 year old Delhi based Chartered Accountant firm, Mehrotra and Mehrotra
Over 19 years of experience in the field of Audit, Taxation, Company law matters.
Major clients served are NTPC, BHEL, Bank of India, PNB, Airport Authority of India etc.
Raje
sh J
hala
ni
Credentials
Specialist Risk Consultant – ERP & IT Compliance
SAP Certified, MBA (Finance), SAP Security trained (from SAP India), SAP GRC Access Controls trained (from SAP India)
Over 7 years of experience working in the area of ERP/IT Risk advisory, primarily focusing on SAP, for ‘Fortune 500’ clients in around 8 countries including US, UK, UAE, Hong Kong, etc
Specializes in SAP Risk & Controls Advisory, SAP Business Process Controls Audit, SAP Security & Segregation of Duties Control Audit, ERP Trainings,
Strong Industry experiences ranging from Beverages, Insurance, Energy, FMCG, Pharmaceutical, Retail, Telecommunication to IT Services
Worked for risk advisory teams of reputed organizations like Ernst & Young, EXL Services
Goura
v L
adha
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RESUMES - PARTNERSHIPS
Consultant – Information Security & IT Governance
LLB, CA, CISA, CWA, CS, CFE and others
Over 15 years of experience in the field of Audit, Taxation, Investigations.
Specializing in the field of Systems Audit, Cybrex Audit, Computer Crime Investigations, IS Forensics
International Committee Member of Governmental and Regulatory Agencies Board and Academic Relations Committee of ISACA, USA
Anja
y A
garw
al
Consultant – Quality Management
Founder of PMG, a TQM Consulting Co in Delhi
Mechanical Engineer
20+years experience in TQM concepts.
Strong skill set in various productivity & quality improvement projects including Six Sigma offerings
Past experiences include reputed organizations like Andersen Consulting, Eicher Consulting & Nathan & Nathan consultants
Piy
ush K
um
ar
Credentials
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Specialist Risk Consultant – Business Continuity
Founder and 15-year Chairman of Survive, the first international user group for Business Continuity professionals
Founding director and first Fellow of the Business Continuity Institute
Over 25 years international consulting expertise in Risk, Crisis, Emergency, Incident, and Business Continuity and ICT Disaster Recovery Management
Multi-sector experience including Banking, Insurance, Finance, Oil, Gas, Energy, Manufacturing, Retail, Hi-Tech & Telecom
Western Press Award for services to business, 1994; BCI/CIR nomination for lifetime achievement in BC, 1999, London; inducted into BC Hall of Fame by CPM magazine, 2004, Washington DC.
An
dre
w H
iles
RESUMES - PARTNERSHIPS
Specialist Risk Consultant – Enterprise Risk Management
Highly skilled risk and insurance professional with 25 years of experience designing, developing and implementing large, global corporate risk management programs for Fortune 500 firms.
Principal Consultant and Founder - Excellence in Risk Management, LLC. (Texas, USA) Co-founder and EVP, Professional Services, rPM3 Solutions, LLC (Maryland, USA).
Past experiences include Head of Global Risk Management for USAA, PepsiCo/Tricon Global and American National Red Cross
Additional risk and insurance experience at Verizon Corp,. Marsh USA and Liberty Mutual Insurance Co.
2004 Risk Manager of the Year – 2007 recipient of the Alexander Hamilton Award for “Excellence in ERM” (at USAA) – former President, Risk and Insurance Management Society, Inc.
Ch
ris E
. M
an
de
l
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Key Contacts
Corporate Mumbai Delhi Bangalore
Riskpro India
Ventures (P) Limited
www.riskpro.in
C 561, Defence colony
New Delhi 110024
Manoj Jain Director
M- 98337 67114
Sivaramakrishnan Principal – Banking & FS
M- 98690 19311
Rahul Bhan Director
M- 99680 05042
Hemant Seigell SVP – Risk Management
M- 99536 97905
Casper Abraham Director
M- 98450 61870
Ahmedabad Pune Kolkata Gurgaon
Maulik Manakiwala Associate Firm
M - 91 9825640046
Gourav Ladha Sap Risk Advisory
M- 97129 52955
M.L. Jain Principal – Strategy Risk
M- 9822011987
Kashi Banerjee EVP – Risk Management
M- 98304 75375
Nilesh Bhatia Head – Human Capital Mgt.
M- 98182 93434
Salem Ghaziabad Agra
Chandrasekeran Recruitment franchisee
M - 91 9443599132
R Gupta Head – Insurance Risk
M- 98101 07387
Alok Kumar Agarwal Associate Firm
M- 99971 65253
Copyright- © 2012 RiskPro ,India .All rights reserved. Copyright- © 2012 RiskPro ,India .All rights reserved.
