riskpro construction industry 2013

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  • 1. Risk Management AdvisoryConstruction and EngineeringRiskpro, India1

2. 2 3. Riskpros Network PresenceNew Delhi AgraJaipurAhmedabadKolkata Mumbai PuneHyderabad BangaloreChennaiSalem3 4. Who is Riskpro Why us? ABOUT USMISSION Riskpro is an organisation of member firmsaround India devoted to client service Provide integrated risk managementexcellence. Member firms offer wide range consulting services to mid-large sizedof 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 forMumbai, Delhi and Bangalore and alliances complete Governance, Risk and Compliancein other cities.(GRC) solutions. Managed by experienced professionals withexperiences spanning various industries. VALUE PROPOSITIONDIFFERENTIATORS You get quality advisory, normally deliveredby large consulting firms, at fee levelsRisk Management is our main focuscharged by independent & small firmsOver 200 years of cumulative experience High quality deliverablesHybrid Delivery model Multi-skilled & multi-disciplined organisation.Ability to take on large and complex projects Timely completion of any taskdue to delivery capabilities Affordable alternative to large firms We Hold hands, not shake hands.4 5. Governance, Risk and Compliance (GRC) Need of today Increasing complexity in the regulatory and compliance requirements Global regulatory Global reach of companies and related compliance Drivenissues HITECH- Health industry, Solvency II-InsuranceCompliance All Listed companies required to comply with SEBI Regulatory intervention in role of Independent Directors Eg. Clause 49 Investors expectations and protection Stepping stone to Enterprise Risk Management Competitive PressuresBest Practices Manage internal scams and external frauds Quality conscious 5 6. Risk Management Advisory Services Basel II/III Advisory Corporate RisksInformation Security Market Risk Enterprise Risk Assessment IS Audit Credit Risk Fraud Risk Information Security Operational Risk Risk based Internal Audit IT Assurance ICAAP Operations Risk IT Governance Forensic servicesSERVICES Operational RiskGovernance Other Risks Process reviews Corporate Governance Business/Strategic Risk Policy/ Process Review Business Strategic risk Reputation Risk Process Improvement Fraud Risk Outsourcing Risk Compliance Risk Forensic Accounting Contractual RiskTrainingRecruitment Banking E Learning Virtual Risk Managers Corporate Training Full Time Risk Professionals Regular Risk Management Training Part time Risk Professionals Online Training material Risk Managers on call free Workshops / Events6 7. Challenges that companies face today ADVISORYIntroduction of GST, IFRS, and Direct Tax Code Redeployment of human capital across the organizationA lot of regulations are set to change in the next few As companies are addressing cost cutting measures, there isyears. These are sweeping changes and companies in a lot of internal movement to absorb excess manpower inIndia need to be geared up with many internal andsales and operational departments. But these movementstechnological changes before things are done.come at a hidden cost. The cost of loss of knowledge in the old role and the time taken to gain experience in the new role.Frauds are ever-increasing Regulatory environment continues to be complexBanking and manufacturing companies alike are facedInterpretation of complex regulations makes compliance towith a challenge to combat internal and external these regulations difficult. Future changes in regulations addfrauds. With default rates increasing for the consumer to the complexity and uncertainty. And companies are notsegment, the credit card industry is taking a big hit as prepared for this.well. Corporate governance has taken a toll with theSatyam fiasco.Uncertainty in the global and local marketsFinally, competitionThe financial and liquidity situation across the globe We can never forget that competition is always a concern forcontinues to be gloomy. Although recovery seems notany company at any point of the economic cycle.far away, whether this recovery reverses all thenegative impact and brings India Inc to the mid 2008period is a question.7 8. Risks and Challenges of Construction Industry Biggest challenge for construction business is the reduction in uncertainty and delays in project execution Project Risk Requires full integration of the project components for timely Managementcompletion Inadequate project feasibility Political environment Labour availability, skills and shortages External Regulatory challenges factors Government rules and laws may impact future cashflows Effective project integration Pressures on timelines Large size projects add to project uncertaintyInternal Coordination challenges with consortium partners, and other thirdFactorsparty vendors Internal Project development processes and internal controls Project financing and commercials8 9. Feasibility Study Construction IndustryPhase / Risk Factor Riskpro OfferingsPolitical and security risk Anticipate, plan for and gain competitive advantage from theanalysisvariety of local political environment, regulatory requirements fororganisations and security related risks across different regionalJurisdictionsDue diligence Understand the business environment dynamics and ensure anelaborate due diligence supports new business initiativesThreat & risk assessment &Identify and prioritize the most relevant threats and key political,Project Feasibility security and social issues to the project before initiation of newprojects and ventures.Business risksThe competition landscape, business feasibility review andbusiness assessment plans.Regulatory environmentScan of the regulatory environment with cross functionalcompliance requirements and linkages to global regulatory bestpractices9 10. Riskpro ClientsOur ClientsBanking/InsuranceCorporateMNCBankingIntlConsultingIT / Others*Any trademarks or logos used throughout this presentation are the property of their respective owners10 11. Team ExperiencesOur 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 11 12. 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 inOperational 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 andabroad. Worked with KPMG United Arab Emirates, PKF South Africa, Ernst and YoungKuwait, 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. Majorclients include banks, investment companies, manufacturing organizations,aviation etc.12 13. RESUMES - Our teamCredentials Co-Founder - Riskpro Casper Abraham PGD (Electrical & Electronics & Computer Programming) 30 years of experience in Information & Communications Technology (ICT) Solutionsfor 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, SystemsModeling & Balanced Scorecard Worked with TIFR, Mahindra, Ambience, Communico-Graphique & Ionidea Inc, USA, Sr Vice President Risk ManagementMBA, 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/ Lendingoperations ,Risk Management,BPMS, Consumer Banking, NBFC, Management Consulting &Housing finance in BFSI industry having successfully led key business strategicengagements 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, CorporateRisk management. Specializes in Fraud Control, AML/KYC Compliance ,QA ,ERM and Regulatory governance. 13 14. RESUMES - Our teamCredentials 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 US