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Nikhil Parulkar - MFA,CFE, CAME Associate Consultant - Forensics & Fraud Risk Management
 
Nikhil Parulkar - MFA,CFE, CAME's Profile
Nikhil Parulkar - MFA,CFE, CAME
Associate Consultant - Forensics & Fraud Risk Management
Mahindra Special Services Group
confidential
confidential
Mumbai, India
Toostep 
Professional summary

A Forensic/Risk professional having an overall experience of 8+ years (industry+consulting) in Banking & Financial services (BFSI) sector with major emphasis in retail banking specializing in Retail Assets & Liabilities portfolio in area’s related to service, operations and risk portfolios including eCommerce risk.Having expertise in Fraud Risk Management (Risk Review, Detection, Investigations, Prevention, Criminology and ethics) within the industry and consulting domains
A Certified Fraud Examiner from (ACFE) since Feb 2009 and a Certified AML Expert from Mar 2008 from India Forensic Research Foundation.Currently working in consulting domain with Mahindra Special Services Group as Project Lead with their Fraud Risk Management(Investigations) Practice.

Area of Expertise:

* Domain Expertise - Retail Banking

* Forensic Investigations

* Vendor Management 

* Trainings

* Law Enforcement Liaison
Nikhil Parulkar - MFA,CFE, CAME's Experience
Current :

Forensics & Fraud Risk Management, Mahindra Special Services Group
Management & Strategy Consulting
India, Mumbai

Working from 2009

Brief summary :

Setting up a startup vertical of forensics and fraud risk management practice at Mahindra Special Services Group,

Leading and executing all fraud risk advisory engagements as project manager (delivery) in terms of conceptualizing(proposal and costing), developing the framework, and structure(forensic investigations) across different types of frauds

Undertaking fraud risk assessment in Process risk and KYC, Forgery, identity thefts, Counterfeiting, Financial frauds (employee/vendor/customer), Third party fraud risk assessments, cybercrime investigations,Risk profiling, Interviewing and evidence gathering (from legal perspective),Corporate Intelligence 

 

Previous :

Student at University of Wollongong, University of Wollongong
Teaching/Education
Australia, Wollongong, New South Wales

Worked from 2008 to 2009

Brief summary :

Master of Forensic Accounting 

Previous :

Consultant - Fraud Investigations & Dispute Services, Ernst & Young
Management & Strategy Consulting
India, Mumbai

Worked from 2007 to 2007

Brief summary :

Forensic investigations & due diligence for clients.
Developing SOP processes & understanding Fraud vulnerability for clients.
Investigating cases related to violation of work ethics & FCPA act for domestic clients.

Previous :

Risk Manager - Ecommerce Risk, HDFC Bank Ltd
Banking
India, Mumbai

Worked from 2007 to 2007

Brief summary :

Handling a start-up portfolio for E-commerce newly integrated by HDFC Bank. Having a Team of 6 Analysts & two outsourced Risk consultants reporting to me. Monitoring all Issuing Acquiring & E-commerce transaction online thru fraud perspective & tracking these cases as per policy. Conducting CPV’s (Contact point Verification) of all E-commerce merchants, & satisfactory reports & reviews are received the merchant is signed up Once sign up is done Merchant business is tracked to understand the type of Charge back received/fraudulent transaction happening on the account, evaluating these details the merchant entity is trained to handle such transaction & minimize the Fraud losses to merchant entity Handling the Liability (Investigations) portfolio for Debit Card frauds & taking it to logical conclusion based on policy & customer perspective

Previous :

Risk Manager - Payment Products, ICICI Bank
Banking
India, Mumbai

Worked from 2004 to 2007

Brief summary :

Was in charge of various Risk Containment processes, within the region & accountable for .maintaining Fraud Losses at minimum. Sampling, Fraud Investigations - (Internal, External) Vendor Management - (Trainings/Investigations/Audits) Legal & Collections - Fraud Recoveries thru Law enforcement agencies/Judiciary, Card Products Investigations - ( Credit Cards/Liabilities/E commerce/Merchant Acquiring)

Previous :

Sr. Sales Executive, Citigroup Global Services
Banking
India, Mumbai

Worked from 2001 to 2004

Brief summary :

Responsible for accepting inbound calls pertaining to banking & credit card customers & debit card operations for Citibank (India).
Processing online transactions for banking/credit card folders for various locations in India. Which includes day to day processing for DD’s,Inter-city transactions of bank account holders (savings /Current, NRI’s & AAFA Accounts).
Also handled Citigold accounts which are the priority banking accounts of high net worth individuals and corporate.
Reporting on suspicious transactions done on credit card customers & liability accounts.
Making outbound calls to customers for cross-selling Citibank products such as banking accounts/ credit cards/personal loans on credit cards as a part of revenue generation for the bank.

Nikhil Parulkar - MFA,CFE, CAME's Education

Association of Certified Fraud Examiners
Certification
United States
From 2009 to 2009
Brief summary :

Certified Fraud Examiner - CFE from Association of Certified Fraud Examiners, Texas(USA). Feb 2009

Asian School of Cyber Laws, Pune. India
Diploma
India
From 2008 to 2008
Brief summary :

Advance Diploma in Cyber Laws

IndiaForensic Research Foundation, Pune. India
Certification - Anti Money Laundering ( CAME )
India
From 2008 to 2008
Brief summary :

Certified Anti-Money Laundering Expert - IndiaForensic Research Foundation

Wilson College - University of Mumbai
B.A
India
From 1997 to 2000
Brief summary :

Bachelors in Economics

 
 
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Nikhil's communities
Banking & Insurance Professionals
16092 members, 147 jobs, 347 articles, 208 questions, 671 debates, 251 idea contests.
Retail & Supply Chain Professionals
12916 members, 153 jobs, 405 articles, 184 questions, 274 debates, 155 idea contests.
Investment Hub
5179 members, 68 jobs, 318 articles, 156 questions, 635 debates, 222 idea contests.
Nikhil's contributions
The current financial crisis (ie when it ends) will create a new outlook and a new world order.  As such, the emerging economies will have one upmanship. From this view, China India will emerge from 2011 as giants economically/politically/militarily...
Given the fact that developed countries (from where major foreign banks are based) like US, UK, EU thrive more on De-regualtion. Given this fact and last two decades of Boom and Bust cycles, this decade has seen fallen down in the form of global...
As Vaidy has said above " Risk was in past and will be in future too ". The people/personnel handling the same has changed. However the integral question is response to above remains unanswered " Will we ever learn ? "  Given the history(Risk Fraud)...
For a layman, a person who is a casual user of technology (e.g. internet) may not be able to detect a Phishing attack at an instance, hence at most he/she should use following: Always verify the security certificate issued to a site before submitting...
Credit Card fraud is the third most expensive fraud after Financial Statement Fraud and misappropriation of funds/assets. Credit Card Fraud is further classified as follows: a. Counterfeit Card Fraud - It's that card which is either printed, embossed...
 
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