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

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.

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.