CA Amar Honmurgi

Experience

• 

  Citi India

  Oct 2005 - Jul 2015

  Direct Lending Credit Risk Management for Mid-Market Corporate customers (USD 250-1000 million turnover) • Independent Credit Approval Authority. Performed assessment of credit profile of borrowers across several industries through analysis of Business model with a view to meet client’s banking requirements as well as grow our portfolio. Managed a large portfolio with overall sanctioned facilities of Rs.15 billion. •Analyzed financial/non-financial factors to form a view on credit risk involved, validated risk ratings along with analysis of overall industry outlook. •Portfolio management on an ongoing basis. •Involved in launch of new Credit Programs/Products including parameter selections, process flow, monitorables & triggers.•Initiated process of Industry studies.•Managed and met expectations of several stakeholders in terms of meeting turnaround expectations of sales colleagues.•Promoted culture of risk management excellence & responsible finance by providing constant coaching, feedback, skills development training and knowledge sharing sessions. •Conducted tests for internal audits. •Headed several initiatives around End to end Turnaround time tracking, lending process improvements, renewal MIS, inputs for finalization of Global credit program among others. Key Achievements: Cases appraised by me continue to have good credit quality. The assigned portfolio has grown in a responsible way with nil surprises. Appreciated by Senior management (Risk & Business). Show less Credit Risk Management for SME segment: • Independent Approval authority of upto USD 10 million. Handled sizeable portfolio spread across diverse industries such as Chemicals, FMCG, Modern Trade, Auto, Pharma, agrochemicals, polymer resins, chemicals, adhesives, additives, F&B, Metals, etc. • Finalizing appraisal note covering major risks along with suggested mitigants. Monitoring & ensuring compliance with sanction terms and covenants. • Identified requirement of fund based and non-fund based banking facility for the client. Developed high level of understanding of the bank’s various products – lending, Trade related and Treasury products. • Headed several initiatives around End to end Turnaround time tracking, lending process improvements, inputs for finalization of Citi’s Global credit program among others. • Initiated process of Industry studies for development of strong market and sector knowledge to help in formulating portfolio level strategy. Show less Credit Risk Manager/Approver and Early Warning: •Monitored health of the diverse & largest Western Region India Portfolio (over 500 corporate customers) by doing continuous trigger based monitoring & credit analysis at a customer level – including customer interaction by way of visits to companies’ offices & manufacturing plants of SME’s & large corporates. •Prepared Rapid Portfolio Reviews - detailed impact analysis at a customer level of adverse macroeconomic trends and major events to dimension the impact of major macro-economic events on our Asset portfolio and formulate appropriate portfolio and account strategy. •Conducted internal & compliance related team audits. Prepared Impact analysis and Stress test review in light of volatility in Fx and interest rate cycles. Finalizing appropriate upper limits for Fx and Deriv. transactions in adherence to Citi’s related guidelines. Show less

  • Assistant Vice President, Credit Risk, Mid market Corporate Banking

    Jan 2012 - Jul 2015

  • Credit Risk Manager, SME specialist

    Jan 2009 - Dec 2011

  • Assistant Manager, Early Warning & Credit Risk

    Jan 2007 - Dec 2008

  • Management Associate, Portfolio Management unit

    Oct 2005 - Dec 2006
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  Citi

  Jul 2015 - May 2019

  Senior AVP, Corporate Credit Risk, Citi Dubai

  Dubai, UAE: Direct Lending Credit Risk Management for Corporate customers: - Independent Credit Approval authority. Managing a sizeable portfolio. - Handled wide range of Industries across Retail; Facility management services; Engineering services; manufacturers across several products – insulation, firefighting, mill internals, plastic resins, Chemicals; large distributors of branded goods; traders; travel companies; among others. - Analyzed financial/non-financial factors to form a view on credit risk involved, validated risk ratings along with analysis of overall industry outlook. - Identified requirement of fund based and non-fund based banking facility for the client. Developed high level of understanding of the bank’s various products – lending, Trade related and Treasury products and assisted in finding appropriate product and structure of the deal to suit client requirement.- Portfolio management on an ongoing basis. Framed and implemented appropriate account strategy on every name in the portfolio. - Involved in launch of new Credit Programs/Products including parameter selections, process flow, monitorables & triggers. Periodic review of the Programs/Products involving portfolio review, process review, sample checking. - Promoted culture of risk management excellence & responsible finance by providing constant coaching, feedback, skills development training and knowledge sharing sessions. Key Achievements:- Cases appraised by me continue to have good credit quality. Portfolio grown in a responsible way with minimal surprises. Appreciated by Senior management (Risk & Business) on several occasions for identifying good customers and supporting them while maintaining good credit judgment and spotting trends early across business cycles. Show less

• 

  Commercial Bank

  Jun 2019 - Jun 2021

  Senior Credit Risk; Private Banking, Real Estate, Contract financing, Wholesale Banking; CBQ Qatar

  - Credit Risk Management for Wholesale Banking (Large & Mid Corporates), Contract/Project financing, Private banking, Real estate backed, Trade financing & SME portfolio. Acting Enterprise Risk head. - Analyzed financial / non-financial factors to form a view on credit risk involved, validated risk ratings along with analysis of overall industry outlook. Key contributor to the Credit committee, - Portfolio management on an ongoing basis. Framed and implemented appropriate account strategy – rescheduling, restructuring, additional collateral, credit enhancers, work out solutions, initiating litigation. Ensuring healthy portfolio quality with minimum past dues, deferrals, covenant monitoring, etc. - Expert in managing Early Warning function and Remedial management (early identification of stressed assets and implementing timely Credit risk mitigation measures),- Promoted culture of risk management excellence & responsible finance by providing constant coaching, feedback, skills development training and knowledge sharing sessions. Key Achievements: - 1. All Credits approved continue to perform well with nil surprises. 2. Spearheaded CBQ’s support to Private sector (QDB & Ministry of Finance – part of QAR 75 Bn COVID19 relief package). Show less

• 

  Lesha Bank

  Jun 2021 - now

  Director of Risk Management, Investment Banking, Private Equity, Real Estate sydication

  - Enterprise Wide Risk management (including Investment Banking Risk, Credit Risk, Market Risk, Liquidity Risk and Ops Risk) with Qatar First Bank (one of Qatar's leading investment bank). Deputy to CRO. ERM framework & Risk Appetite statement aligned with the Bank's Business plan and ensuring compliance with Regulatory framework. - Investment evaluation and monitoring - analyzing risks of new investment opportunities (Real estate syndication, SPAC investments, Structured products) & preparing Risk Assessment memorandum as part of the IC memos for the Investment Committee. During the life of the investment, working with investment deal teams in defining and planning implementation, monitoring & risk assessment. - Chief Credit for Corporate Banking & Private Banking portfolio. Handling Real estate backed lending, Islamic Banking, Private Banking, Treasury, International Banking / cross border proposals. - Handled Strategic planning, Capital planning, Liquidity planning, Solvency planning and Profitability planning. Assets Liabilities management, Liquidity Risk and Profit rate risk management. Proficient in interacting with and presenting Risk reports to Credit committee, Investment committee, ALCO, Exco, ARCC and BOD meetings.- Implemented financial models related to ECL, IFRS 9, Based II & III, Stress testing, Scenario analysis, S&P Risk Rating. - Expert in Remedial management (early identification of stressed assets; Credit Risk Mitigation - rescheduling, restructuring, debt to equity/asset swaps; liaising with legal on work out solutions/ litigation). Show less