1. Fraud Management- Risk Consulting Services
Riskpro India Ventures (P) Limited
New Delhi, Mumbai, Bangalore
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2. Who is Riskpro… Why us?
ABOUT US MISSION
Riskpro is an organisation of member firms
around India devoted to client service Provide integrated risk management
excellence. Member firms offer wide range consulting services to mid-large sized
of services in the field of risk management. corporate /financial institutions in India
Currently it has offices in three major cities Be the preferred service provider for
Mumbai, Delhi and Bangalore and alliances complete Governance, Risk and Compliance
in other cities. (GRC) solutions.
Managed by experienced professionals with
experiences spanning various industries.
VALUE PROPOSITION DIFFERENTIATORS
You get quality advisory, normally delivered
by large consulting firms, at fee levels Risk Management is our main focus
charged by independent & small firms
Over 200 years of cumulative experience
High quality deliverables
Hybrid Delivery model
Multi-skilled & multi-disciplined organisation.
Ability to take on large and complex projects
Timely completion of any task due to delivery capabilities
Affordable alternative to large firms We Hold hands, not shake hands.
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3. Our Network Presence
New Delhi
Agra
Ahmedabad
Kolkata
Mumbai
Pune
Salem
Bangalore
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4. Fraud Risk Management- Context Setting
Business different
Effective risk management
elements have risks
is a collective effort at a
associated which needs to
organizational level to
be identified and action
reduce potential threats
plan put in place to mitigate
and protect bottom lines of
and reduce potential loss
business
occurrence
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5. Fraud Occurrence - Conditions
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
Pressures
Fraud Triangle
Opportunities
$ Rationalization
Poor Internal Controls I am only borrowing the money and will pay it back
Low Fraud Awareness Nobody will get hurt
Treat Fraudster With Leniency The organization treats me unfairly and owes me
Rapid Turnover of Employee It’s for a good purpose
Use of Many Banks It’s only temporary, until operations improve
Weak Subordinate Personnel
Absence of Mandatory Vacations
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6. Fraud Risk – Diagnostics Process
Identify Key Agree on Expectations and
Fraud and Deliverables
Integrity Risks
Source Fraud and Assess Fraud and Integrity Risk
Integrity Risks
Evaluate and Improve Fraud and
Measure Fraud and Integrity Risk Controls
Integrity Risks
Provide Change
Evaluate Existing Management
Reject, Transfer and Fraud and Integrity
Retain Risks Risk Controls
Communicate
Results
Design Improved Exceed
Fraud and Integrity
Risk Controls
Build Improved Fraud Risk Diagnostic Process is designed to :
Controls Into Client
Processes
- Prevent/Deter/Detect/Investigate Fraud Risk
- Reduce Fraud Risk to an acceptable level
- Improve your “ Bottom Line”
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7. Fraud Risk - Business Services Spectrum
Fraud Risk Services
Business Fraud Business Fraud Business Fraud
Investigation Service Risk Management Hot Line System
Fraud Investigation Service Fraud Risk Diagnostic Whistleblower Service
Anti-Money Laundering Fraud Risk Prevention Service
Intellectual Property Service Ethics & Anti-Fraud Program
Corporate Intelligence
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8. Our ForensicsServices - Process OverviewServices
Forensic & Fraud Investigation Life Cycle
Business Legal and
Fraud Fraud Risk Background Litigation Corporate
Investigation Management Intelligence Ethics & Regulatory
Verification Support Compliance
Integrity
Assessment Investigation Analysis Reporting
Cyber Crime IT Risk Past Records IT Evidence Vital Vendor
Diagnostic Verification Collection Information Monitoring Sarbanes
Investigation Oxley
& Response Collection
Organizational Education Business compliance
Culture related to Vendor/Third
Verification Interruption Party Program
Assessment
Forensics Claims Business
Analysis & Employment Vendor/3rd Clause 49
Internal IT Dealers Party SEBI
Reporting Verification
Control & Risk IPR Disputes Assessment compliance
Franchisees
Analysis
Forensics & Reference
Verification
Distributors Code of
Investigation FCPA(Forei
Security & Joint Venture Conduct
Process Suppliers gn Corrupt
Privacy Program Partnership
Design/ & Service Practice
Criminal Disputes IT Governance Act) act
Implementati Data Loss
Providers
Verification (COSO/COBIT) USA 1973
on Prevention Organization Design &
to be acquired Implementation
Accounting Address Complex Case
Anti-Fraud or merged KYC -
Fraud Verification Management
Measurement Procall Banks
Investigation
Training & Education
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10. Loss Prevention
Industry Alignment
Employee Behavior Banking
Automotive
Financial Services
Telecom
Insurance
Customer Service
Real Estate Infrastructure
Employee Theft
Waste Pharma/
Retail
Bio-tech
Poor safety practices
Energy Securities
Bad accounting procedures
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11. Risk Intelligence
Industry Alignment
Geopolitical Banking
Financial Services
Automotive
Surveys Insurance
Telecom
Risk Profiling Real Estate Infrastructure
Criminal Suspect Pharma/
Retail
Profiling Bio-tech
Investigations Energy Securities
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12. Business Ethics
Industry Alignment
Banking
Due Diligence Financial Services
Automotive
Telecom
Insurance
Corporate Social
Responsibility
Real Estate Infrastructure
Ethical Assurance
Pharma/
Retail
Bio-tech
Ethical Investing
Business Ethics Energy Securities
Training
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13. Anti-Corruption
Industry Alignment
Anti-Corruption Compliance & Banking
Investigations Automotive
Financial Services
Telecom
Insurance
Policy & Procedure Design & Review
Real Estate Infrastructure
Investigative Due Diligence & Risk
Assessment
Investigate Allegations of Corruption Pharma/
Retail
Bio-tech
Compliance with Accounting & Internal
Controls
Energy Securities
International Presence & Capability
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14. Whistle Blowing
Industry Alignment
Management information source Banking
Automotive
Financial Services
Telecom
Proactive approach – Establishing , enabling Insurance
timely action
Reduction in crime perpetrated against the
corporation Real Estate Infrastructure
Improved Labor relations
Pharma/
Loss recovery due to theft, fraud & crimes
Retail
Bio-tech
Awareness Culture creation
Energy Securities
Caller Information Advisory
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15. Background Screening
Industry Alignment
Banking
Employee screening Financial Services
Automotive
Telecom
Insurance
Senior executive
screening
Real Estate Infrastructure
Periodic employee
screening
Pharma/
Retail
Bio-tech
Substance abuse testing
International background Energy Securities
screening
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16. Vendor Screening
Industry Alignment
Family & Business history of promoters Banking
Automotive
Financial Services
Telecom
Financial Strength of Promoters or the Insurance
Vendor
Regulatory Compliance History Real Estate Infrastructure
Criminal Records verification
Pharma/
Market Reputation Retail
Bio-tech
Reference Checks with other Clients
Energy Securities
Vendor Due Diligence
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17. Forensics Services
Industry Alignment
Banking
Automotive
Disputes support Financial Services
Telecom
Insurance
Forensic accounting Real Estate Infrastructure
& Analysis
Pharma/
Investigations Bio-tech
Retail
Technology Solutions Energy Securities
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18. Fraud Risk Management
Industry Alignment
Banking
Operational Reviews Automotive
Financial Services
Telecom
Insurance
Investigative services
Real Estate Infrastructure
Project Management
Training & Awareness Pharma/
Retail
Bio-tech
Data Analysis
Energy Securities
Interim Management
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19. Internal Risk Controls
Industry Alignment
Internal Audit strategic sourcing Banking
Automotive
Financial Services
Telecom
Insurance
Enterprise Risk Management
Regulatory compliances (SOX) Real Estate Infrastructure
Contract compliance
Pharma/
Corporate Governance Retail
Bio-tech
Continued Monitoring
Energy Securities
Integrated Assurance
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20. Litigation Services
Industry Alignment
Banking
Bankruptcy Litigation Automotive
Financial Services
Telecom
Insurance
Commercial Litigation
Real Estate Infrastructure
Intellectual Property
Insurance Claims Pharma/
Retail
Bio-tech
GAAP related support
Energy Securities
Computer Forensics
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21. Investigative Accounting
Industry Alignment
Effective controls for fraud Banking
detection Automotive
Financial Services
Telecom
Insurance
Financial fraud and
embezzlement
Real Estate Infrastructure
Determination of economic
damages
Financial modeling Pharma/
Retail
Bio-tech
Determination of change in net
worth
Energy Securities
Insurance claims fraud
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22. Fraud Risk - Analysis & Management
Risk Analysis
Risk Risk Risk
Assessment Management Monitoring
Process
Identification Control It
Level
Share or Activity
Measurement
Transfer It Level
Diversify or
Prioritization Entity Level
Avoid It
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23. Our Approach
Protects you from any Monetary or
Reputation damage
Ensures that the Code of Conduct is
Report understood, followed and not violated
Resolve
Enables you to identify risks / control gaps
Investigate
Helps you identify any undisclosed
production
Analyze
Risk Mitigation
Riskpro
Process Improvement & Reengineering
End to End
Solutions Improved Corporate & IT Governance
Integrated Financial Evaluate & Classify Third Party Risk
Solutions
Monitor and verify security controls
Reasonably priced quality contracted to business vendors
services
Mitigation of vendor service delivery risk
High Quality Deliverables with experienced
professionals
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24. 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 Our Solution For you
and evaluate Code Of Benefits To You
Conduct Compliance on
following parameters : Protects you from any
Fraud Detection Monetary or Reputation
Resolve damage
Fraudulent Vendor Investigate Prioritize
Recruiting new dealers, solutions and
remedial Code of conduct
suppliers, franchisees or Analyze measures
Source Root establishment
distributors cause of
Problem
Anti-Fraud Measures Understanding
Your Supply
Enables you to identify
Quantify Loss
Monitoring Compliance and Aut Chain and Suggest risks / control gaps
possible Actions
horization Obtaining And
securing
Evidence Helps you identify any
Workplace Practice
To Monitor Your undisclosed production
Background check for Process Solve
Compliances
employees Issues
Risk Mitigation
Confidential
Background check for Interviews
with vendors
customers
Evaluating your
need
Prevent default of high value
bills
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25. Riskpro Clients Our Clients
*Any trademarks or logos used throughout this presentation are the property of their respective owners
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26. 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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27. RESUMES – Our team Credentials
Co-Founder - Riskpro
CA, CPA, MBA-Finance (USA), FRM (GARP)
Manoj Jain
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)
Co- Founder - Riskpro
CA (India), MBA (Netherlands), CIA (USA)
Rahul Bhan
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.
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28. RESUMES - Our team Credentials
Co-Founder - Riskpro
Casper Abraham
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,
Sr Vice President – Risk Management
MBA, PDFM,NSE-NCFM, PMP, CSSGB,ISO 9001:2000 I.A,GARP-FBR, ITILV3,CPP-BPM
Hemant Seigell
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.
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29. RESUMES - Our team Credentials
Head - Insurance Risk Advisory services
B.sc, Associate of Indian Institute of Insurance
Licensed Category A Insurance surveyor
R. Gupta
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.
Head - Human Capital Management
Nilesh Bhatia
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.
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30. RESUMES - Our team Credentials
Co-founder- Riskpro
B.Com, FCA
Rajesh Jhalani
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.
Specialist Risk Consultant – ERP & IT Compliance
SAP Certified, MBA (Finance), SAP Security trained (from SAP India), SAP GRC Access
Gourav Ladha
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
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31. RESUMES - PARTNERSHIPS Credentials
Consultant – Information Security & IT Governance
LLB, CA, CISA, CWA, CS, CFE and others
Anjay Agarwal
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
Consultant – Quality Management
Founder of PMG, a TQM Consulting Co in Delhi
Piyush Kumar
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
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32. RESUMES - PARTNERSHIPS
Specialist Risk Consultant – Business Continuity
Andrew Hiles
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.
Specialist Risk Consultant – Enterprise Risk Management
Chris E. Mandel
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.
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