Rahul Narang
Risk Professional & Advisor| Chartered Accountant
Bengaluru
Summary
Chartered Accountant, Certified Fraud Examiner (CFE), and Postgraduate in Cyber Law & Cyber Forensics with 13+ years of experience in Fraud Risk, Financial Crime, and Compliance across banking and consulting. Skilled in advising senior stakeholders on Financial Crime and Compliance matters for Wealth and Retail businesses.
Proven track record in leading RCSA/RRA, fraud risk assessments, and high-impact investigations, while leveraging data analytics to strengthen controls and drive data-driven decision-making. Recognized for building advanced risk assessment models, enhancing regulatory compliance frameworks, and training global teams. Recipient of multiple awards for delivering impactful results in complex, cross-border environments.
Overview
13
13
years of professional experience
3
3
Languages
Work History
Director
Standard Chartered Global Business Services
01.2025 - Current
- Advised Countries and Group on various financial crime and compliance matters such as PEP, KYC, Due Diligence, financial promotions, anti bribery risks, crypto currency, regulatory interpretation, policies and standards, dispensations, country addendum, fraud risk assessments etc for Wealth and Retail Business of the Bank
- Lead Bespoke engagements such as RCSA/RRA for Financial Crime and Compliance risks, Fraud risk assessments etc
- Leveraged data analytics insights for informed decision-making in critical areas such RCSA/RRA and other risk assessments.
- Strengthened internal controls by reviewing existing banking processes vis- a-vis potential threat scenarios
- Enhanced data-driven decision-making by implementing advanced analytics and reporting tools.
- Assisted in recruiting, hiring and training of team members.
Associate Director
Standard Chartered Bank
06.2020 - 12.2024
- Built an advanced Data Visualization model incorporating diverse datasets, fraud events, portfolio data, surveillance data, control exceptions etc. to forecast and visually represent fraud patterns across over 15 Asian markets.
- Delivered impactful training and awareness sessions on fraud prevention to Financial Crime Heads across multiple Asian markets.
- Providing strategic guidance to Asian markets regarding the necessary actions to take when a fraud event is detected.
- Led and conducted multiple proactive and reactive investigations across diverse geographies, resulting in potential fraud recovery exceeding USD 80 million, effectively mitigating and preventing substantial losses.
- Developed open intelligence sources to detect emerging threats in various fraud schemes, leading to control enhancements and heightened awareness within Standard Chartered Bank.
- Successfully assessed and addressed fraud risks in critical COVID 19 related loan schemes, resulting in valuable recommendations that were appreciated by the Global Non Financial Risk Committee (GNFRC).
- Investigated and identified potential fraud risks in the trade of COVID 19 vaccines, presenting findings to key teams for education and awareness, contributing to robust risk management.
- Spearheaded Threat based risk assessments for Payment fraud at a group level, which enabled the bank to proactively identify and manage emerging threats, enhancing the overall control environment.
- Received the prestigious Going Extra Mile (GEM) award twice, recognizing exceptional contributions, from the Head of the Fraud Risk Management team at SCB.
Manager
EY
09.2014 - 06.2020
- In my role, I managed and led comprehensive investigation projects, conducted FCPA and UK Bribery Compliance reviews, and executed Fraud Risk Assessments, demonstrating strong leadership and client relationship management skills.
- Led a team investigating the omission of adverse observations leading to an unqualified auditor's report, involving email reviews and evidence collection related to more than 20 suspects.
- Managed 10 to 15 investigation assignments per month for an American conglomerate in Europe and the Middle East, addressing policy deviations and proposing corrective actions.
- Directed a shadow investigation into a depository participant's INR 3 Crores securities fraud, enhancing internal controls over investments.
- Led a fact-finding review of whistleblower allegations against a senior project manager, utilizing keyword-based email reviews and interviews for a facility management company.
- Oversaw an investigation into whistleblower allegations against the CFO and MD of a specialty chemicals manufacturer, including interviews, computer forensics, and transaction reviews.
- Led an investigation involving conflict of interest identification, fabrication of invoices, and background checks for a producer of office automation products.
- Managed a transaction review audit for a leading auto components manufacturer, identifying preferential undervalued transactions per The Insolvency and Bankruptcy Code - 2016 (IBC).
- Conducted anti-bribery and corruption (ABAC) implementation reviews, including key management interviews and framework benchmarking, for multiple clients, and provided assistance to an American fertilizer manufacturer in conducting an ABAC review for its Indian entity.
Assistant Manager
KPMG India
03.2015 - 09.2016
- Conducted extensive anti-bribery and corruption reviews (ABCR) for the Nigerian entity of a prominent client, involving transaction testing of vendor procedures, disbursements, gifts, entertainment, and facilitation payments.
- Interviewed personnel and successfully executed ABCR in both Malaysia and Nigeria due to positive client feedback.
- Performed a comprehensive fraud risk assessment for a major electricity generation company within the power sector, covering various processes such as procurement to pay, Order to cash, inventory management, fixed assets, and closing of books.
- Recommended both preventive and detective fraud risk controls based on identified vulnerabilities.
- Led investigations of infrastructure projects for a top consulting firm in India, conducting document and email reviews to uncover irregularities in the procurement to pay process.
- Identified vendor-related discrepancies, interviewed key suspects, and supported the client's legal team in evidence gathering.
- Conducted an FCPA compliance audit for a leading Indian manufacturer of filters, including transaction testing to identify potential red flags.
- Reviewed and refined policies and procedures, culminating in the development of a targeted training program on FCPA compliance.
Consultant
EY
01.2014 - 03.2015
- Led stock verification efforts for 11 warehouses across the National Capital Region (NCR) as a team leader for a leading sports goods manufacturer.
- Conducted inventory estimation per AS and IFRS, verified debtors and creditors through third party confirmation, and performed due diligence via email and document reviews.
- Identified related party transactions, contributed to evidence gathering for legal proceedings, and conducted aging analyses to uncover potential debtor and stock irregularities.
- Conducted a review of suspicious transactions between related parties for a major international bank.
- Identified the source of funds for investments made by related parties through comprehensive bank statement analysis.
- Investigated allegations made by a whistleblower against a project manager accused of misappropriating funds for a prominent Swiss firm providing fire and security services.
- Conducted process and control reviews, transaction examinations, and interviews with alleged employees.
- Evaluated creditworthiness and liquidity positions of borrowers for a leading public sector bank, involving debtor recoverability assessments, stock verifications, and due diligence based on secondary sources to identify potentially fraudulent activities.
- Engaged with one of the world's largest providers of commercial real estate services, conducting email and transaction reviews to identify potential violations of the Foreign Corrupt Practices Act (FCPA).
- Reviewed procure to pay (P-P), order to cash (O-C), and logistics processes, and conducted a fraud risk assessment (FRA) for Khanna Paper Mills, a manufacturing company.
Education
Chartered Accountant -
Institute of Chartered Accountants of India
New Delhi, India01-2012
Certified Fraud Examiner -
ACFE
01.2019
PG - Cyber Law
National Law School of India University
Bengaluru, India01-2021
Kirori Mal College
D.A.V. Public School
Amritsar, India01.2009
Skills
Risk Management
Extra-Curricular Activities
President, Standard Chartered EcoWorld Toastmasters Club, Bengaluru, Karnataka
Certified Yoga Professional
Timeline
Director
Standard Chartered Global Business Services
01.2025 - Current
Associate Director
Standard Chartered Bank
06.2020 - 12.2024
Assistant Manager
KPMG India
03.2015 - 09.2016
Manager
EY
09.2014 - 06.2020
Consultant
EY
01.2014 - 03.2015
Chartered Accountant -
Institute of Chartered Accountants of India
Certified Fraud Examiner -
ACFE
PG - Cyber Law
National Law School of India University
Kirori Mal College
D.A.V. Public School
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