Khurrum Razaq

• Assessed credit profile of mid-to-large domestic & international corporates (FTSE 500 companies) to determine the degree of risk in extending bilateral (plain vanilla) short term (working capital) and long-term facilities, syndicated facilities with assessment of repayment capacity / debt serviceability and proposing risk mitigants/covenants
• Analysed business and financial parameters of high risk and high visibility clients with recommendation to the banks credit committee on desired course of action: ring fencing security / cash flows, provisioning of account or transfer to remedial department / exit strategy
• Restructured facilities for financially stretched obligors as part of an ongoing bi-monthly Early-Alert review process, by interfacing with the relationship management team to prevent the account going delinquent and reducing past dues
• Assisted with in-house litigation (with group legal), including event of default claims, security enforcement and restructuring facilities along with security structure
• Assignment of Moody’s Risk Ratings using quantitative/qualitative parameters whilst also commenting on Probability of Default (for publicly listed / large conglomerates)

Portfolio review of investments (within the Oil and Gas Division) that are underperforming and highly leveraged
•Planning an exit/divestment strategy for the trade sale or other divestment route
•Dealing with the company’s internal finance arm and external financial institutions to facilitate debt restructuring and covenant / security resetting
•Business Review and feasibility study of new investment proposals in accordance with internal financial return hurdles and growth strategy plan
•In-house Risk Management support for the departments Trade Credit Transactions

Reviewed credit proposals for SME and Large Corporates for obligors in the Middle East / Europe & Far East across a wide industry segment including: Petroleum (O&G including contractors), OEM, FMCG’s, Real Estate, Aviation, with deal ticket size range from USD 1 million to USD 1 billion
•Assessed syndicated loan requests with a focus on the review of Term Sheet’s and Information Memorandum conditions: facility disbursement mechanism / source of repayment (trade cash flows), financial and non-financial covenants, negative pledge, security, collateral and cash flow distribution using cash waterfall models (cash sweep)
•Supported the banks overseas branches with the (semi-annual) review of industry risks, political / country risk assessment and branch portfolio review
•Financial modelling and review of cash flow projections using sensitivity analysis to determine debt serviceability
•Consultation with Senior RM’s to package together highly leveraged finance transaction complete with collateral and covenant setting
•Assessment of Moody’s Rating Tool (MRA) to validate the Obligor Risk Rating and RAROC (ratio of risk adjusted return to economic capital)
•Supervised and coached three local (junior) staff and acting as a mentor in their professional development
•Ad-hoc support provided to remedial / recovery department for non-performing loans and supporting with review process for potential loan write-off

• Risk Management Review (Credit Risk and Transaction Risk) of global commodity transactions, with a focus in the oil and gas segment (MENA market).
• Credit review of counterparty’s financial standing to determine suitable lines of credit for: SMEs, Large Corporates, Joint Venture partnerships, & Quasi-Governmental entities.
• Supported the Department General Manager with Risk Management strategy for exposure management control for less credible counterparties
• Deployed hedging policies by using a variety of credit instruments (derivatives), forex risk management / commodity price risk management using options, forward contracts.
• Review of contractual terms in tender documentation to assess transaction trade flow risk and for the purpose of identifying all transaction risks. Once all transaction risks have been identified and quantified (to determine the maximum loss impact) to propose a suitable risk hedge.
• Meeting with key clients on an annual basis or an ad-hoc basis for due diligence update
• Administering one of the largest credit insurance policies (within Europe) with the world’s leading trade credit insurer

Underwriting credit insurance for UK Domestic businesses
•Financial analysis of Profit & Loss / Balance Sheets & Cash Flow information to determine credit worthiness
•Exposure monitoring ( sector information ) to better assess overall risk and set group exposure ceiling
•Producing detailed credit reports for applications over € 4 Million for board review
•Working closely with policy holders and sales staff in order to ensure up to date information is held on risky business sectors / MBO’s
•Regular communication and providing support to the new business team to secure new business

maintaining a portfolio of up to 100 UK domiciled Commercial Businesses with a yearly turnover of up to GBP 100 million (across all sectors)
•Growing the business units income by leveraging on the existing banking relationship to identify further opportunities for the generation of new sales (banking product sales) across RBS’ network
•Preparation and submission of the annual review of all existing credit facilities, using the banks Relationship Management Platform (RMP) whilst maintaining compliance with RBS’ group risk policy framework, which encompasses; updated KYC checks, business analysis using audited accounts, detailed business review and input of financial metrics to generate a client rating and to check financial covenant compliance.
•Assessed new lending proposals and recommending tenor, term, payment profile and support package to the Relationship Manager (and ultimately RBS’s risk committee).
•Ensured that collateral coverage shortfall is topped up and where required, requesting for waiver
•Consulted with the banks panel of legal advisors to verify that a personal guarantee, or corporate guarantee, is legally enforceable