IMGC appoints Kanika Singh as Chief Risk Officer

India Mortgage Guarantee Corporation (IMGC), a mortgage guarantee company, has announced the appointment of Kanika Singh as its new Chief Risk Officer. 

In her new role as CRO, Singh will be entrusted with spearheading IMGC's risk management operations. Collaborating closely with the MD and other top executives, her primary focus will be devising and executing risk management tactics that bolster the company's expansion initiatives.  

With an impressive career spanning over twenty-seven years, she brings extensive experience encompassing risk management, asset operations, risk analytics, and quality assurance across various banks and functions. Her expertise extends through domains like Credit Risk Management, Compliance & Control, Credit Operations, MIS & Analytics, Regulatory Reporting, and Training & Development. 

Notably, her recent journey includes a pivotal role as the Portfolio Risk Head at Citi Bank, where she held responsibility for the secured lending business. A significant transition followed as she became a part of Axis Bank Limited, post the integration process prompted by Citibank’s consumer bank divestiture and its subsequent acquisition by Axis. Her contribution to aligning the risk landscape during this integration has been noteworthy, marked by her engagement with Axis Bank's senior leadership. 

Among the milestones in her career are associations with renowned institutions including Axis Bank, Citibank, ABN AMRO Bank, and HSBC.

Speaking on the development, Mahesh Misra, CEO, IMGC said," We are delighted to have Kanika as part of our leadership team. She is an experienced leader with a proven track record in risk management. This is an exciting phase in our strong growth journey, and we will benefit immensely from Kanika’s expertise as we seek to maintain risk discipline.” 

Adding to this, Singh said, “I am excited to be a part of a promising organisation and spearhead risk strategy for IMGC. I look forward to partnering with stakeholders to build new products, that will make a huge impact and play an important role in promoting early homeownership.”