Ashish Sabharwal

Played a key role in restructuring Toronto Business Center (Client Portfolio Management Group) to help improve customer experience while reducing risk and exposure to the Bank with diligent follow-up on Temporary over runs including authorizing over runs for borrower/non-borrower accounts, Spreading and Analysis of financial statements and Borrowing Base Certificates.
• Reduced risk and exposure to the Bank by identifying various fraudulent activities in accounts such as kiting, inflation of receivables, evaluation and follow up on Temporary overruns
• All conditions specified in the credit authorization were met, prior to fulfillment of the loan through Document Services;
• Provided training on Risk Assessment in relation to Borrowing base analysis
• Authorized Temporary Over Runs for all industries within the Commercial Banking.
• Authorized credits for Agriculture accounts.
• Dealt effectively with offsite conditions, including preparation of documentation, presentation to appropriate authority levels, and accurate/timely execution of instructions;

• Examined the problem accounts including corporate units, dealer finance centers (automotive accounts), Real-estate, and Agriculture and where required restructured credit facilities to enable the customers to meet their loan obligations.
• Verified physical security and assets of problem accounts while ensuring that it was in accordance to the Credit authorization and Commitment letter.
• Negotiated additional security if shortfalls were identified.
• Worked on-site with the Monitors and recommended action plan to Borrowers to ensure that their business progressed as planned.
• Managed an assigned portfolio of accounts and diligently managed risk and minimized loan losses.
• Developed an exit strategy where necessary to ensure that the Bank did not suffer losses, including recommending provisions/write-offs where required.
• Worked with external/regulatory authorities and auditors regarding problem accounts.
• Monitored the interim and year end financial statements and assessed the risks associated with the Borrower.
• Recommended the appropriate grade associated with the risk of the Borrower.
• Devised a plan to inform the appropriate authority regarding clients who have committed frauds.
• Spreading and analysis of financial statements and Borrowing Base certificates.

• Planned and provided Audit examinations for various departments within Scotiabank including commercial units, corporate units, dealer finance centers (automotive accounts), Roynat, Real-estate, Agriculture, Mining (Previous metals) and Private banking in Canada as well as around the globe.
• Planned Audit Scope and Samples being the OIC.
• Audit examinations included Credit risk assessment & underwriting, problem loan management and adequacy of provisions, adequacy of securities, valuation and reporting processes, as well as on account monitoring and administration activities.
• Assessed and commented on the appropriateness of the spreading of Financial Statements and Borrowing Base certificates.
• Prepared reports regarding Loans to ensure the account is appropriately graded with the risk associated.
• Investigated and reported on frauds found during audit examinations.
• Monitored Basel Audit deliverables against established milestones
• Ensured Bank processes were followed and comply with Basel II - AIRB requirements and OSFI regulations
• Coached and mentored new members of the Credit Risk Audit team

• Developed new business and structured credit facilities based on evaluation of requests including financial statements
• Reviewed existing portfolio and ensured facilities, including new, were optimally utilized and structured per business needs
• Improved the credit process resulting in a reduction of turnaround time for credit proposals