Writing, Implementing And Maintaining Credit Policies
Participants will learn how to diagnose their own credit policies to identify any gaps, and if so, how to write practical and understandable policies that meet regulatory expectations for content. They will be able to implement and maintain the processes and procedures needed to ensure that their policies are kept current and accurate, are monitored for compliance with them by means of tracking exceptions to policies and resolving the reasons for the deviations, and are reviewed and approved annually by their boards of directors.A well-crafted credit policy:Focuses the organization—everyone on the same pageReduces organizational conflict and confusion—prioritiesMinimizes need for rigid controlsSupports commitment to the organizational vision and missionAreas CoveredBasic topics and contents of credit policyContent expectations of regulatory agenciesTips on how to write credit policyExamples of typical credit policy guidanceCredit policy standard formatPolicy exceptions and their role in credit risk managementIndicators of the possible need for revision of credit policyWho Should AttendCredit Risk ManagersRisk ManagersLendersCredit AnalystsChief Credit OfficersWhy Should You AttendRight or wrong, credit policy is the organization’s rule book for its credit risk management strategy, and it also reflects the organization’s credit culture. Both the market and the regulatory agencies expect the credit policy to be accurate, current, and succinct so that both line and credit have unambiguous and clear direction on how to identify, evaluate, underwrite, approve, book, and monitor creditworthy clients.
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Participants will learn how to diagnose their own credit policies to identify any gaps, and if so, how to write practical and understandable policies that meet regulatory expectations for content. They will be able to implement and maintain the processes and procedures needed to ensure that their policies are kept current and accurate, are monitored for compliance with them by means of tracking exceptions to policies and resolving the reasons for the deviations, and are reviewed and approved annually by their boards of directors.
A well-crafted credit policy:
- Focuses the organization—everyone on the same page
- Reduces organizational conflict and confusion—priorities
- Minimizes need for rigid controls
- Supports commitment to the organizational vision and mission
Areas Covered
- Basic topics and contents of credit policy
- Content expectations of regulatory agencies
- Tips on how to write credit policy
- Examples of typical credit policy guidance
- Credit policy standard format
- Policy exceptions and their role in credit risk management
- Indicators of the possible need for revision of credit policy
Who Should Attend
- Credit Risk Managers
- Risk Managers
- Lenders
- Credit Analysts
- Chief Credit Officers
Why Should You Attend
Right or wrong, credit policy is the organization’s rule book for its credit risk management strategy, and it also reflects the organization’s credit culture. Both the market and the regulatory agencies expect the credit policy to be accurate, current, and succinct so that both line and credit have unambiguous and clear direction on how to identify, evaluate, underwrite, approve, book, and monitor creditworthy clients.
