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Tag: credit risk management career

5 elements for a successful credit risk management course

Posted on by Imarticus Learning

5 elements for a successful credit risk management course

Ask any finance professional and he/she will tell you about the importance of credit risk management. Credit risk management has been a tough challenge for various financial institutions over the years. It is the practice of minimizing financial losses by understanding the capacity of a bank’s loan loss reserves and capital at any point in time.

However, credit risk management is not just this; there are many more elements and attributes associated with this management. If you are interested in financial topics and subjects and are looking to make a career as a credit analyst, you must enrol in credit risk management courses and obtain a credit risk analyst certification from a reputed institution.  

5 elements for a successful credit risk management course

There are many institutions that offer quality courses for credit risk management to interested candidates. When you are choosing such a course, look for these 5 elements for sure:

Comprehensive program 

Credit risk management is a huge subject with various facets. When you are taking up a course in the subject it is important to check the program that the institute follows. The institute should have a holistic approach with the program covering credit underwriting and administration, the lending landscape, the impact of technological innovations, and regulatory and legal requirements. The program should preferably be FinTech-focused. This will help in learning about the various digital innovations, which are making an impact in the lending industry. 

Industry certifications 

It is obvious that when you are taking up a credit risk management course, you will get a certificate post completion of the course. Certificates from all institutes are not globally accepted. Therefore it is important to ensure that the institute with which you are enrolling should provide a certificate that is globally accepted and accredited. Globally recognized standards should be followed in the course to make it accepted worldwide. 

Career Support 

It is obvious that the main purpose of taking up a credit analyst course in India is to make a career in the financial industry in the credit management department. When you are completing the course from an institute, they should be able to provide abundant career support. Along with providing placement assistance, the institute should also help with interview preparation, profile enhancement, and resume building. 

Perfect industry connection 

Until and unless a candidate is able to connect with the present financial industry, he/she will not be able to make a successful career. While enrolling for the credit risk management course, check whether the curriculum is industry-endorsed or not. The curriculum should be practical and well-rounded. It is even better if mentorship is provided to candidates. There are many institutes where individual program mentors provide support throughout the course along with forging collaborative relationships. 

Hands-on learning with case studies

Just theoretical knowledge is not sufficient to make a successful career. It is vital that candidates should have hands-on learning experience when they take up a course. This is applicable for credit risk management courses as well. A standard course will provide a hands-on learning experience with genuine case studies. This provides candidates with the opportunity to use their learned skills and gain an in-depth understanding of how underwriting and credit risks function. 

Conclusion

There are many institutes that offer courses in credit risk management. Not all will satisfy the five elements mentioned above. If you are looking for this course from a genuine place, a great option is Imarticus Learning. The institute offers a Credit Risk and Underwriting Prodegree in Collaboration with Moody’s Analytics. To know more about the course in particular and the institute in general, visit their official website. 

5 questions you should ask before doing a credit risk management course

Posted on by Imarticus Learning

5 questions you should ask before doing a credit risk management course

Are you someone who has been working in the banking sector for quite some time and now looking to upgrade your skills in the field of financial credit? If yes, then you must consider doing a credit risk management course.

corporate training

Credit risk training will equip you with the knowledge and techniques with which you can measure and mitigate credit risk for your organization. It will also prepare you for the dynamics of different loan markets. 

But, how should you choose among the various credit risk underwriting courses? To help you with this crucial decision, we have listed the 5 key questions you must ask before enrolling in a credit risk management course.

5 Must-Ask Questions while Selecting a Credit Risk Management Course

You must check if the credit risk training course chosen by you stands firmly on the following 5 questions-

 

  • Is it a comprehensive learning program?

 

One of the primary questions which you must ask the providers of the credit risk management course is about its curriculum. Is it holistic? For instance, the credit risk underwriting courses offered by us at Imarticus Learning have been designed with a 360-degree learning approach.

Our credit risk training course includes both the fundamental credit risk concepts and 

industry-oriented practicals, which help you learn relevant job skills. It also introduces you to the regulatory legalities involved in the lending space, along with the new-age technologies you can make use of for increasing your efficiency.

 

  • Does the course provide industry certifications?

 

Almost all online courses provide you with a course completion certificate. But very few of them provide you with certifications accepted and accredited by the credit risk industry. Thus, before getting enrolled in a credit risk management course, you must check for this.

The Credit Risk and Underwriting Prodegree we offer has been designed in collaboration with Moody’s Analytics, a pioneer in the credit risk management space. Upon completing the course with us, you get an industry certificate co-branded by Moody’s Analytics.

 

  • Does the course provide career services?

 

Another aspect that you must check is whether the course provider offers you career-support services. This is absolutely essential, as the ultimate goal of doing the course is landing your dream credit risk job. 

With our credit risk underwriting courses, we offer you job placement services by introducing you to our network of 250+ companies. Furthermore, we also prepare you for your placement journey by offering mentorship, interview preparation workshops, and resume-building seminars. 

Some of our popular placement partners are HDFC Bank, ICICI Bank, Reliance Capital, PolicyBazaar, Axis Bank, and Bajaj Finserv, among others. 

 

  • Is the course curriculum endorsed by the industry?

 

The next question you must ask the institute offering the course is whether the course content and curriculum are endorsed by the credit risk industry. This is highly essential, as if the same is not endorsed, you won’t be able to develop a connection with the industry and bag the job of your choice. 

Along with this, it is also a good idea to check if the course includes mentorship programs or not, as it comes in really handy while forging collaborative relationships with industry experts.

Under our credit risk management course, you will find both – industry endorsement by our knowledge partner Moody’s Analytics as well as one-to-one mentorship programs. 

 

  • Does the course include case studies?

 

Case studies are the first step toward experiencing real-world credit risk complexities. Thus, you must check if the credit risk training program you choose provides hands-on experience via case studies.

We offer a variety of case studies with our credit risk course focusing on as many as eight key credit risk areas. These include Risk Assessment, Financial Statement Assessment, Projections, Loan Assessment, Covenant Setting, Credit Risk Legal Procedures, Documentation Preparation, and Credit Risk Rating Exercise. 

Take Away

A course in credit risk management can open many job opportunities for you. The field offers you several career paths, such as operational risk manager, insurance underwriter, credit risk analyst, risk researcher, and many more. 

If you are currently working in the banking sector, then you must consider doing a credit risks management course as it can help you upskill and enhance your resume, and become eligible for roles up the professional ladder.

Want to know more about the credit risk management career options or how you can make a transition to the field? Contact us through chat support or visit our nearest training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad.

11 Ways To Completely Revamp Your Credit Risk Management Career

Posted on by Imarticus Learning

11 Ways To Completely Revamp Your Credit Risk Management Career

A credit risk manager is a professional who is recruited by a company that lends capital to people and organizations. Their sole responsibility is to check the creditworthiness of the loan applicant with the help of various financial assessment tools and markers. Credit risk managers are fully aware of whom to give a loan to and how to recover it in case of a default or bankruptcy.

So, if a credit risk management career entices you, then nothing like it. This is a field of opportunities, but to have a successful career navigating through all the challenges, you need to be aware of a few strategies that will help you in this journey.

How to Revamp Your Credit Risk Management Career?

If you want to revive your credit risk management career, then you need to do the following things –

Understand the responsibilities of a credit risk manager 

This is something very basic. Understanding a credit risk manager’s job role and responsibilities will give you a clear understanding of what is expected of you. Here, you are responsible for your company’s profit or loss, as one bad call can be a setback for your organization.

Develop your analytical skills

You need to clearly understand the net worth of your client. Suppose you have the right set of analytical skills which help you understand the creditworthiness of the entity. Make sure you have a deep understanding of how much credit a client needs. Or, if they have taken credit, would they be able to repay it? You will be able to assess it by looking at certain mathematical variables that assess the company’s financial credibility.

Try to upgrade your skills from time to time

corporate leadership

If you are a credit risk manager, you need to develop certain financial assessments and operational faculties. You need to also have a good understanding of the best industry standards and practices.

This way, you can assess the client’s worth and whether they would be fit for returning credit. That’s not all; you will also be able to serve your client better by giving them a fair idea of how much loan they can pick from the market.

Now to develop these skills you can enroll for different professional credit risk management courses.

Sharpen your skills with a professional course

Since it is a competitive field, organizations hire the best professionals to get their work done. So, you need to have the right education. Make sure you get a degree from the best colleges or universities. If you can, try to get some foreign accreditation. This will work wonders to revive your credit risk management career.

However, if you cannot take a full-time course, you can enroll for credit risk management online training from reputed institutions.

Get some relevant experience before diving straight in

It is better to gain some industry experience before committing yourself full-time to this job. There could be a fair chance that you might not like the way business is conducted in the sector. However, if you feel comfortable in this career, then having some experience would be worth the time. You will be able to find out whether you would be a fit in the frontend or backend role. In the front, you will be given clients to handle. In the backend, you will have to evaluate the credit assessment for the clients. 

Have an empathetic personality

To be successful in your credit risk management career, you need to be empathetic as well. A little compassion will take you a long way. It will help you to deal with your clients better and plan your course of action accordingly. 

Be accountable for your actions

Taking responsibility for your actions is the primary quality you should possess if you are a credit risk manager. If you are accountable, you would think twice before serving dubious clients in the name of increasing business. 

Have a good understanding of industry standards and practices

We have already mentioned the importance of understanding the best industry standards and practices. If you know about these, then you would not digress ethically. Also, you would be able to understand the periphery of your capabilities. 

You can opt for any professional credit risk management course as it would help you understand the current industry standards, ongoing practices and help you build a professional network.

 Polish your leadership skills

To get promoted in the credit risk roles, you need to work on your leadership skills from time to time. It will help you tackle high–pressure situations while advancing your career. Having leadership skills will also make you a good team player.

You should develop the ability to work independently

Now that you have worked in the team, you need to show how you would be able to tackle things independently. If you are wondering why, understand this – an independent manager can direct the business in a favorable direction. If the credit risk manager acts otherwise, then it could spell disaster for his employer. 

Use your trade experience to reach the top

The top professionals in credit risk management try to gather one aspect of credit risk management – that of accumulating trade experience. This helps them to reach the top of the hierarchy in this field or start their post-retirement career as an independent consultant.

Conclusion

Credit risk management career is one of the hottest careers as of 2022. It has some of the most prestigious positions in the banking and financial sector, and also the pay is quite handsome. Additionally, the introduction of various credit risk management online training are also helping professionals advance in their careers at a faster pace. So, if you are planning to become a credit risk manager, then complete a course from Imarticus Learning on Credit Risk and Underwriting.

Who can qualify for Credit Risk Management courses?

Posted on by Imarticus Learning

Who can qualify for Credit Risk Management courses?

To answer that question, one must first ask, ‘What is the role of a Credit Risk Analyst?’

The role of a credit risk analyst is to judge the credit worthiness of an obligor effectively. To have the capability and knowledge to understand the various risk-generating factors of the lending market and come to an effective conclusion about the entity’s financial status that the company will be acquainted. It is the job of a credit risk analyst to assess the possibility of returns when they take exposure to or send money to clients—in simpler terms, answering the question of whether individuals will be willing and able to make their payments as agreed upon, down the road and will their company get their money back?

Why choose to become a Credit Risk Analyst?

Considering the times that we live in, the financial sector is one of the most rapidly booming sectors in the global market involving big risks and big turnovers, which makes the job of a credit risk analyst all the more important and attractive. With Imarticus Learning’s ‘Credit Risk and Underwriting Prodegree Course’, you can have these required skills and knowledge at your disposal and an impressive Credit Risk Analyst Certification.

Click here to learn more about what this course offers: Credit Risk and Underwriting Course, Credit Risk Analyst Course – Imarticus Learning.

Who is eligible for Credit Risk Management Courses?

We live in a highly competitive world, and even more so in the job market. Hence, it is advisable and necessary to constantly upskill oneself to gain an edge over one’s competitors. With Imarticus Learning’s ‘Credit Risk and Underwriting Prodegree Course’, experienced professionals with 2+ years of work experience in banking and financial services or individuals exposed to working in a lending space can conveniently upskill, all the while unlocking newer opportunities for themselves.

One of the most important career decisions is the decision to start afresh. A course in Credit Risk Management opens up a great number of possibilities for individuals from a great number of academic backgrounds like graduates in management, finance, marketing, international business, etc. Also, for individuals looking to make a career switch. Imarticus Learning’s Credit Risk Modelling certification provides a wider horizon of opportunities and gives the students a head start into a world of possibilities, well-equipped and well-researched.

Additionally, our ‘Credit Risk and Underwriting Prodegree Course’ is globally recognized with an industry-recognized certificate, making for an impressive addition to one’s résumé. The perfect course for individuals looking to upgrade their résumé. 

For more information, contact us through chat support on Online Training Courses & Education Programs | Imarticus Learning or drive to our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad.

At Imarticus, we believe in preparedness when one steps out into the world. Hence, we cover all aspects of Credit Risk Management in our course, like the lending landscape, credit underwriting, credit administration, legal and regulatory compliances, and digital innovation strategies. Our faculties have decades worth of experience, which renders students the opportunity to build on their valuable insights. 

One of the best features of the ‘Credit Risk and Underwriting Prodegree Course’ is the collaboration of Imarticus Learning with Moody’s Analytics. This prepares the candidates for the responsibilities while taking on a role in credit at financial institutions by preparing them through mock interviews followed by a comprehensive end-of-course assessment and addresses the challenge that companies face in identifying job-ready candidates.

We are proud of our alumni record, affiliating our candidates with companies like Edelweiss, Reliance Capital, HDFC Bank, etc.

Click here to download our brochure and placement report: Credit Risk and Underwriting Course, Credit Risk Analyst Course – Imarticus Learning.