Credit risk is one of the foundational risks for financial services firms. Providing credit is a large part of what financial services firms do. Over the last several years, regulators have focused on credit risk first emphasizing the necessity of having accurate models that can measure the capital impact of the credit activities, the risk of leveraged finance, and the great importance of counterparty risk. Now, financial services organizations are also grappling with the ramifications of CECL and IFRS 9 to their credit risk management framework. This webinar is an overview of new guidance published by The IIA on Auditing Credit Risk. The purpose of the guidance is to provide internal auditors with a baseline skillset that allows them to test and evaluate credit risk management in their organizations.
Attendees will be able to:
Understand the credit granting and monitoring process.
Understand the regulatory environment and requirements related to credit risk.
Understand risk governance and risk management processes surrounding credit risk.
Explore the effects of CECL and IFRS 9 on credit risk management.
Learn about analytical techniques and models used in the credit risk management process.