Head of Credit Control, MIS & Projects – SME & Mid Corporates at Bank Muscat
Head of Credit Control, MIS & Projects – SME & Mid Corporates, Bank Muscat
Over 18 Years of Expertise in Risk Management, Portfolio Management, Credit Collections in SME & Business Banking.
Errol Pereira is a seasoned Credit Risk Professional with over 15 years of extensive experience across the banking sector in both India and the Middle East. Currently, he leads the Credit in SME & Mid-Corporate portfolio at Bank Muscat, managing a $700 million USD portfolio across the Middle East. He plays a pivotal role in ensuring the financial health and risk mitigation of the bank’s SME portfolio, leading initiatives focused on credit control, MIS, and strategic SME automation & digitization projects.
Key Achievements at Bank Muscat
- Errol has spearheaded key projects such as the implementation of the Loan Origination System, Business Intelligence platforms, and Scorecard-based Lending.
- He enhanced credit assessment processes, enabling faster decision-making for small-ticket SME loans and improving overall credit portfolio management.
- He designed and implemented Early Warning Systems (EWS) to identify potential stress in the portfolio, preventing accounts from slipping into non-performing assets (NPA).
Previous Roles in India
Errol’s career began in India, where he held leadership positions at prominent financial institutions including HDFC Bank, IndusInd Bank, DCB Bank, and Yes Bank.
- At Yes Bank, he managed a credit portfolio exceeding USD 2000 Mn, formulating credit risk policies, sanctioning high-value loans, and driving risk mitigation strategies.
- He earned accolades such as the “Y-Star” award at Yes Bank and the “Silver Star” at HDFC Bank for his contributions to profitability and risk analysis.
Technological Contributions and Innovations
Throughout his career, Errol has been passionate about leveraging technology to enhance risk management.
- He contributed to the automation of Anti-Money Laundering systems and introduced Scorecard-based lending and working capital solutions that have been adopted across the banking framework.
- His work in automating and digitizing risk management processes has been widely recognized in the banking industry.
In recognition of his expertise, Errol Pereira continues to lead and inspire in the fields of credit risk and financial management, driving innovation and stability across Bank Muscat's SME portfolio.