Haresh Choulkar, PFS Credit Risk Management - Profile & Expert Views of Haresh Choulkar, PFS Credit Risk Management

Haresh Choulkar's Profile

Haresh Choulkar
PFS Credit Risk Management
	HSBC Bank confidential confidential Seef, Bahrain

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Professional summary

Current Experience: National Head, HSBC Bank
Current Experience: National Head, HSBC Bank
Previous: Manager PFS Credit Risk Management HSBC Bank ME Ltd
Manager, Manager Credit Risk Management HSBC Bank ME Ltd
Assistant Manager, Risk Development Credit Bank
Handled Portfolio Management New Product Development Training Audits MIS
Assistant Manager, Risk Development Credit Bank
Assistant Manager, HSBC Bank Ltd
Assistant Manager, (SME Credit Policy)
Assistant Manager, HSBC Bank India Ltd
Relationship Officer, ICICI HFC Ltd.
Built
Relationship Officer, ICICI HFC Ltd
Handling Team Of Tele
Relationship Manager, Shelters Citibank Associate
Relationship Manager, Shelters An Associate Of Citibank NA
Handled
Finance Executive, Amol Financial Services Pvt. Ltd.
Handled Inter-Corporate
Finance Executive, Amol Financial Services Private Limited
Education:

Narsee Monjee Institute Of Management Studies, Mumbai
Narsee Monjee Institute Of Management Studies, Mumbai
Years of Experience :

10.0 Years
Skills & Interests (keywords):

Credit Risk Management, Credit Policy, Product development, Portfolio analysis and Management, Credi ...
Contribution score:

(56 points)
Contacts: 4 connections, 5 following, 2 followers
Part of communities:

Banking & Insurance Professionals | Branch Managers in Private Banks | Citibank | and 8 more ...

Credit Risk Management | Effective risk management in financial services | Financial Asset management | IT Services - Information Risk Management | Narsee Monjee Institute of Management Studies, Mumbai (NMIMS) | Product Managers Den | Retail Banking | Wealth management in retail banks

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Haresh Choulkar's Experience


Current :	National Head, HSBC Bank
	Banking
	Working from 2006
	Yes No Are you sure wanted to delete this experience?


Current :	National Head, HSBC Bank
	Banking
	Working from 2006
	Yes No Are you sure wanted to delete this experience?


Previous :	Manager PFS Credit Risk Management HSBC Bank ME Ltd

	Worked from 2006 to 2011
	Brief summary : Manager PFS Credit Risk Management HSBC Bank ME Ltd, Bahrain Nov 2006 till - Aug 2009 Manage the Credit and Risk Management functions for PFS Loans and Credit Cards and SME business of the Bank in Bahrain and managed Credit Portfolio for ensuring optimum risk control and return on assets Responsible for underwriting / processing functions for Retail Banking (starting from Credit initiation till Booking) Involved in Credit appraisals, Financial analysis, writing CARM recommendations for SME and Corporate banking Responsible for development of Credit Policies for Retail Products, tracking of retail portfolio delinquencies and provisioning on loan delinquency as per prevalent guidelines of Central Bank of Bahrain and the Bank group policies Responsible for collections, Recovery activities for PFS business Control processes to reduce TAT and improve customer retention levels in highly competitive market Restructuring of distressed loans and providing alternate payment options in mutual favour Analyze credit risks involved in proposals outside the lending criteria and assist in booking a profitable portfolio for the Bank by mitigating Risk Appraise Credit proposals and financial worth of companies (through ratio/financial analysis, Industry comparisons, existing relationship trends), for evolving package deals to its employees and individuals/companies for extending credit facilities Developing annual Provision / NCL (Net Credit Loss) budgets / Annual operating plan for expansion of portfolio, Headcount planning Migration form subjective decision module to a parameterized module Act as Custodian for Credit Policies and Product documents Assist in internal and statutory audits, ensure compliance and achieve highest audit ratings Effectively handle all Auditor queries and implement recommendations in Audit Reports Analyze Portfolio fundamentals and ensure tracking of exceptional approvals Assist the central team on development of Scorecards for all PFS products (namely Personal Loans, Car Loans, Credit Cards, etc.) Manage empanelment of 3rd party agents for dealing with asset valuation, legal issues and personal verifications Liaising with the Central Credit Bureau ( The Benefit Company as known in Bahrain) for understanding and advising on various reports and statistics available with the company and the most optimum manner of using the available reports for the benefit of the Bank and the retail banking sector as a whole
	Yes No Are you sure wanted to delete this experience?


Previous :	Manager, Manager Credit Risk Management HSBC Bank ME Ltd

	Worked from 2006 to 2009
	Brief summary : Designation Organisation Tenure Manager Credit Risk Management HSBC Bank ME Ltd, Bahrain Nov 2006 - Aug 2009
	Yes No Are you sure wanted to delete this experience?


Previous :	Assistant Manager, Risk Development Credit Bank

	Worked from 2006 to 2006
	Brief summary : Assistant Manager (Product and Risk) Development Credit Bank Mar 2006 - Nov 2006
	Yes No Are you sure wanted to delete this experience?


Previous :	Handled Portfolio Management New Product Development Training Audits MIS

	Worked from 2006 to 2006
	Brief summary : Mar 2006-Nov 2006 Handled Portfolio Management, New Product Development, Training, Audits, MIS, etc Also handled Product, Policy, Risk and Analytics for retail assets Conducted surprise audits periodically to ensure quality of assets Set up loans policy changes making loans more competitive and streamlined Collections and Provisioning policy Managed Portfolio by tracking through various MIS reports and analyzing Portfolio Profitability, Credit Risks, Provisioning, and Delinquency flow rates Tracked collections activities and ensured delinquencies were maintained within permissible limits Performed Market and Competition analysis for retail assets Gave exceptional approvals up to INR 5.00 Mn for Home loans and INR 1.00 Mn for Personal loans Handled empanelment of third party vendors like Verification agencies, Technical Valuers, Document verification agencies, Legal advisors, etc Trained Branches, DSA and DSF on product and systems changes Handled Systems development and implementation (Loan Origination Software) and coordinated with IT team for up-gradation, purchase and implementation of End-to-End software Involved in developing Score Card for Personal loans setting out scoring parameters, gave weights to such parameters, and also composed grouping of weighing parameters Handled Test running and UAT of system changes Led 2 subordinates and reported on daily functions to the Vice President (Credit and Risk) Assistant Manager (Credit and Risk) HSBC Bank India Ltd India, Mumbai
	Yes No Are you sure wanted to delete this experience?


Previous :	Assistant Manager, Risk Development Credit Bank

	Worked from 2006 to 2006
	Brief summary : Assistant Manager (Product and Risk) Development Credit Bank India, Mumbai Mar 2006-Nov 2006 Handling Product, Policy, Risk and Analytics for retail assets Designing and implementing changes in secured and unsecured loans policies making it more competitive as well as Collections policy, Provisioning policy etc. Portfolio Management and tracking through various MIS reposts like, Portfolio analysis, Profitability analysis, Risk analysis, Provisioning, Delinquency flow rates Tracking of collections activities and ensuring the delinquencies are maintained within forecasts Market analysis and competition analysis for retail assets Giving exceptional approvals up to INR 5.00 Mn. for Home loans and INR 1.00 Mn. for Personal loans Empanelment of third party vendors like Verification agencies, Technical Valuers, Document verification agencies, Legal advisors etc. Training Branches, DSA, DSF on product and systems changes Systems development and implementation (Loan Origination Software) and co-ordination with the IT team for up-gradation / purchase / implementation of End-to-End software Involved in developing a Score Card for Personal loans. Evaluation of scoring parameters, give weights to such parameters, grouping of weighing parameters. Test running and UAT of system changes Working in close association to the IT team for up-gradation, purchase and implementation of End-to-End system and communion it to the score cards
	Yes No Are you sure wanted to delete this experience?


Previous :	Assistant Manager, HSBC Bank Ltd

	India
	Worked from 2003 to 2006
	Brief summary : Assistant Manager (SME Credit Policy) HSBC Bank India Ltd India Sep 2003 - Mar 2006
	Yes No Are you sure wanted to delete this experience?


Previous :	Assistant Manager, (SME Credit Policy)

	Worked from 2003 to 2006
	Brief summary : Sep 2003-Mar 2006 Assistant Manager (SME Credit Policy) May 2005-Mar 2006 Designed Credit Policies for SME (Small and Medium Enterprise) business of the Bank Coordinated with departments like Finance, Marketing and Sales and used feedback from them to evolve policies for effectively countering competition Addressed issues raised by Sales/Marketing/Processing departments related to SME lending policies, and clearly set out deviations from sourcing policy Prepared and formalized SLA (Service Level Agreements) with various departments Coordinated with Policy Desk at Hong Kong (Asia Pacific) to recommend changes in lending policies as per need Analyzed portfolio and set up the policies based on the portfolio wise/segment wise performance Handled Process Auditing functions including finding loopholes in the processes and making necessary improvements thereon to enable smooth functioning of the systems and reduction of TAT Tracked special approvals, and also tracked and analyzed SME and Personal Loans portfolios Trained Underwriting, Process and Sales teams on policy changes for uniform interpretation Monitored Underwriting team and randomly checked decisions in order to bring in uniformity in credit decisions Estimated additional headcount due to increased business and recruited underwriters for SME and personal loans business as per the approved headcount Independently handled project in co-ordination with IT Dept for developing data capturing and tracking software Also involved in developing Scorecard for loan application under SME segment Made recommendations on sales request for project approvals; reported on daily functions to VP (Credit and Risk) Officer (Credit Underwriting) Sep 2003-May 2005 Sanctioned and authorized personal loan applications, and evolved entire policy relating to Credit Underwriting Coordinated with various departments and analyzed process to reduce TAT; also analyzed delinquencies and collected and submitted feedback on same to Credit Policy Desk by recommending on sector wise credit planning Performed competitor scans and updated policy team on competitor products Tracked area wise performances of the portfolio, recommended policy changes and evolved new products Cross checked new policy changes before approving the same and modifying it as per the analysis Managed processing team, handled team training, and attended to issues related to products and credit analysis Coordinated with verification agencies and updated them on changes in methods of verification Gave exceptional approvals to sales and processed appeals Prepared MIS reports like productivity reports, delinquency reports, etc Relationship Officer ICICI HFC Ltd, Mumbai, India
	Yes No Are you sure wanted to delete this experience?


Previous :	Assistant Manager, HSBC Bank India Ltd

	Worked from 2003 to 2006
	Brief summary : Assistant Manager (Credit and Risk) HSBC Bank India Ltd India, Mumbai Sep 2003-Mar 2006 Assistant Manager (SME Credit Policy) May 2005-Mar 2006 Assist in designing credit policies for SME lending (Small and Medium Enterprise) business Coordinating with the various departments like Finance, Marketing and sales etc and taking feedback from them to modify policies in order to become more competitive Addressing to queries raised by Sales/Marketing/Processing departments related to SME lending policies Drawing and formalizing SLA (Service Level Agreements) with various departments. Analyzing portfolio and opening up the recommend policy changes based on the portfolio wise / segment wise performance Process Auditing - Finding loopholes in the processes and making necessary improvements thereon to enable smooth functioning of the systems and reduction of TATs Tracking of special approvals Training Underwriting, Processing and sales teams on policy changes for uniform interpretation Monitoring Underwriting team and randomly cross verifying the proposal in order to bring in uniformity in credit decisioning Handling a project in co-ordination with the IT dept. with in the bank for developing data capturing and tracking software Tracking and analyzing the SME and Personal loans portfolio Recommendations on sales request for project approvals Officer Credit Underwriting (Sept 2003 to May 2005) Sanctioning of personal loan applications (Signing Authority for Personal loans). Coordinating between various departments and analyzing the process to reduce the Turn Around Time (TAT) to the minimum. Analysis of Delinquencies and provide feedback on the same to credit policy desk recommending Recommending policy change and product variants based on surrogate schemes etc. and updating the policy team on competitors product Overlooking and managing the requirements of processing team and managing their training and product / credit analysis related queries and issues. Preparing and releasing MIS (like productivity reports; delinquency reports; tracking of special approvals on there performance) on total personal loans portfolio. (Pan India for Hong Kong reporting)
	Yes No Are you sure wanted to delete this experience?


Previous :	Relationship Officer, ICICI HFC Ltd.

	Worked from 2002 to 2003
	Brief summary : Relationship Officer ICICI HFC Ltd. Feb 2002 - Jan 2003
	Yes No Are you sure wanted to delete this experience?


Previous :	Built

	Worked from 2002 to 2003
	Brief summary : Feb 2002-Jan 2003 Built up profitable relationships with builders and building promoters and helped source various new customers Appraised, sanctioned, processed and disbursed housing loans/loans against residential/commercial property Performed credit risk analysis, evaluated income eligibility and also appraised loan proposals for credit worthiness Coordinated with legal department for drafting agreements and preparing documentation Involved in personal discussions with the prospective loan customers, and handled all customer issues Followed up post disbursal on defaults in loan repayments, handled credit underwriting, and ensured credit quality Handled sales team and various DSA Channels of ICICI Bank Housing Finance Co Ltd and handled issues related to staff recruitment, payouts, customer sourcing, training, etc; also interacted with legal and technical advisors Maintained MIS and prepared periodical reports for management perusal and key decision making Led 2 subordinates and reported on daily functions to the Branch Sales Manager/Branch Credit Manager Relationship Manager Shelters (An Associate of Citibank NA)
	Yes No Are you sure wanted to delete this experience?


Previous :	Relationship Officer, ICICI HFC Ltd

	Worked from 2002 to 2003
	Brief summary : Relationship Officer ICICI HFC Ltd, Mumbai, India Feb 2002-Jan 2003 Processing, sanctioning and disbursals of housing loan/loan against property/commercial property loan applications etc. Relationship Management with builders. Coordinating with legal department for making various drafts and documents based of feedback from the markets. Credit and risk analysis and Income eligibility and credit appraisals. Conducting personal discussion with the customers applying for loan. Handling customer grievances and queries. Handling sales team and various DSA Channels of ICICI Bank housing finance Co. Ltd. and matters related to their new recruitment, payouts, customer sourcing, training etc. Interacting with legal and Technical advisors. Follow-up with customers for non-payment of Pre-EMI interest. Maintaining MIS.
	Yes No Are you sure wanted to delete this experience?


Previous :	Handling Team Of Tele

	Worked from 2001 to 2001
	Brief summary : Supervisor CVM Consultants (SCB associate) June 2001 -Dec 2001 Handling Team of Tele-callers to cross sell SCB retail products like Home loan, Car Loans, Cards, Saving accounts etc
	Yes No Are you sure wanted to delete this experience?


Previous :	Relationship Manager, Shelters Citibank Associate

	Worked from 2000 to 2001
	Brief summary : Relationship Manager Shelters (Citibank Associate) Jan 2000 - Jun 2001
	Yes No Are you sure wanted to delete this experience?


Previous :	Relationship Manager, Shelters An Associate Of Citibank NA

	Worked from 2000 to 2001
	Brief summary : Relationship Manager Shelters (An Associate of Citibank NA) Jan 2000 -May 2001 Handled client queries sourced and escalated by marketing personnel, performed credit appraisals and booked loans Made Income Eligibility calculation and analyzed credit worth of the customer for housing loan approvals Processed the approved housing loan applications till final disbursement stage Coordinated with various agencies for valuation of property, legal documentation and verification of valid title Prepared daily MIS report as also Basic Information Reports (BIR) for Project Approvals
	Yes No Are you sure wanted to delete this experience?


Previous :	Handled

	Worked from 1999 to 2001
	Brief summary : Jul 1999-Dec 2001 Handled client queries sourced and escalated by marketing personnel, performed credit appraisals and booked loans Made Income Eligibility calculation and analyzed credit worth of the customer for housing loan approvals Processed the approved housing loan applications till final disbursement stage Coordinated with various agencies for valuation of property, legal documentation and verification of valid title Prepared daily MIS report as also Basic Information Reports (BIR) for Project Approvals Finance Executive Amol Financial Services Private Limited
	Yes No Are you sure wanted to delete this experience?


Previous :	Finance Executive, Amol Financial Services Pvt. Ltd.

	Worked from 1997 to 1999
	Brief summary : Finance Executive Amol Financial Services Pvt. Ltd. Jun 1997 - Dec 1999
	Yes No Are you sure wanted to delete this experience?


Previous :	Handled Inter-Corporate

	Worked from 1997 to 1999
	Brief summary : Jun 1997-Jun 1999 Handled Inter-Corporate Deposits; liaised with Banks for availing credit limits as Clean Bills or LC backed Bills Prepared CMA reports of the clients and helped improve client base and portfolio quality
	Yes No Are you sure wanted to delete this experience?


Previous :	Finance Executive, Amol Financial Services Private Limited

	Worked from 1997 to 1999
	Brief summary : Finance Executive Amol Financial Services Private Limited Jun 1997- Dec 1999 Handling Inter Corporate Deposits Interacting with Banks for setting limits for Clean Bills as well as Bills Backed by Letters of Credit Preparing the CMA reports of the clients. Increasing the clientele base
	Yes No Are you sure wanted to delete this experience?

Haresh Choulkar's Education

Narsee Monjee Institute Of Management Studies, Mumbai
MBA/PGDM
India
From 2002 to 2005
Yes No Are you sure wanted to delete this education?

Narsee Monjee Institute Of Management Studies, Mumbai
MBA/PGDM
India
From 2002 to 2005
Yes No Are you sure wanted to delete this education?

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National Head, HSBC Bank

Working from 2006

National Head, HSBC Bank

Working from 2006

Manager PFS Credit Risk Management HSBC Bank ME Ltd

Worked from 2006 to 2011

Manager, Manager Credit Risk Management HSBC Bank ME Ltd

Worked from 2006 to 2009

Designation Organisation Tenure Manager Credit Risk Management HSBC Bank ME Ltd, Bahrain Nov 2006 - Aug 2009

Assistant Manager, Risk Development Credit Bank

Worked from 2006 to 2006

Assistant Manager (Product and Risk) Development Credit Bank Mar 2006 - Nov 2006

Handled Portfolio Management New Product Development Training Audits MIS

Worked from 2006 to 2006

Assistant Manager, Risk Development Credit Bank

Worked from 2006 to 2006

Assistant Manager, HSBC Bank Ltd

Worked from 2003 to 2006

Assistant Manager (SME Credit Policy) HSBC Bank India Ltd India Sep 2003 - Mar 2006

Assistant Manager, (SME Credit Policy)

Worked from 2003 to 2006

Assistant Manager, HSBC Bank India Ltd

Worked from 2003 to 2006

Relationship Officer, ICICI HFC Ltd.

Worked from 2002 to 2003

Relationship Officer ICICI HFC Ltd. Feb 2002 - Jan 2003

Built

Worked from 2002 to 2003

Relationship Officer, ICICI HFC Ltd

Worked from 2002 to 2003

Handling Team Of Tele

Worked from 2001 to 2001

Supervisor CVM Consultants (SCB associate) June 2001 -Dec 2001 Handling Team of Tele-callers to cross sell SCB retail products like Home loan, Car Loans, Cards, Saving accounts etc

Relationship Manager, Shelters Citibank Associate

Worked from 2000 to 2001

Relationship Manager Shelters (Citibank Associate) Jan 2000 - Jun 2001

Relationship Manager, Shelters An Associate Of Citibank NA

Worked from 2000 to 2001

Handled

Worked from 1999 to 2001

Finance Executive, Amol Financial Services Pvt. Ltd.

Worked from 1997 to 1999

Finance Executive Amol Financial Services Pvt. Ltd. Jun 1997 - Dec 1999

Handled Inter-Corporate

Worked from 1997 to 1999

Jun 1997-Jun 1999 Handled Inter-Corporate Deposits; liaised with Banks for availing credit limits as Clean Bills or LC backed Bills Prepared CMA reports of the clients and helped improve client base and portfolio quality

Finance Executive, Amol Financial Services Private Limited

Worked from 1997 to 1999

Finance Executive Amol Financial Services Private Limited Jun 1997- Dec 1999 Handling Inter Corporate Deposits Interacting with Banks for setting limits for Clean Bills as well as Bills Backed by Letters of Credit Preparing the CMA reports of the clients. Increasing the clientele base

Narsee Monjee Institute Of Management Studies, Mumbai

Narsee Monjee Institute Of Management Studies, Mumbai