Credit risk is a key risk for financial services organizations and, for a good number of organizations, maybe the most critical risk. Regulators and regulatory supervisors are focused on this risk, emphasizing the necessity of having accurate models that can measure the capital impact of credit activities, the risk of leveraged finance, and the great importance of counterparty risk. New requirements and supervisors’ expanded expectations are giving internal audit a more relevant and active role in the assessment of credit risk. In addition, the organization’s board of directors has responsibility for credit risk oversight and governance, and internal audit should provide the board with independent assurance regarding the organization’s credit risk management efforts.
This course provides internal auditors with a baseline skill set necessary to test and evaluate the effectiveness of the organization’s credit risk management framework and processes.
