How to Identify, Maintain, and Improve Your Credit Culture

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Learning Objectives

To describe and explain the key elements needed to build, implement, and maintain this strong, optimal culture.
To analyze how to employ those key elements to strengthen an organization’s credit culture through examples, tools, and techniques.
To discuss the 4 types of credit culture.
To explain credit risk management to ensure continuity of credit culture.

Course Description

A strong credit culture mitigates credit risk, the probability that a borrower is unable or unwilling to repay your loan in full, on time, and as agreed. Identifying, evaluating, underwriting, and extending credit to a creditworthy borrower requires teamwork, and a strong credit culture builds and maintains that team.

The optimal culture is led by management that prioritizes credit quality and says so regularly. Lenders and credit approvers work together; there are few credit policy and loan documentation exceptions. Risk appetite and risk tolerance are in balance as the organization executes its credit strategy. Credit policy, processes, and procedures are in sync.

Investors and regulators, clients and customers, employees and stakeholders all have vested interests in your organization’s credit culture. Is it conservative or aggressive, profit-minded or production-oriented? The market puts a higher capitalization on organizations with strong credit cultures and high credit quality, so it is worth your while to identify your current culture and find out how to make it stronger.

Join this CPE webinar by Dev Strischek to understand how to identify, maintain, and improve your Credit Culture!

The following are the major topics covered in this Finance course:

Credit risk and its relationship to the other enterprise risks
The interplay between effective credit risk management and strong credit culture
How banks get into trouble by not managing the transaction, intrinsic, and concentration risk
Definition of credit culture
Basic elements of credit culture
4 types of credit culture
Framework for establishing and maintaining credit culture
Risk appetite vs. risk tolerance
Relationship between credit risk and credit discipline

Webinar Qualifies For

1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Finance for CPA in Canada
1 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
1 CPD Credit of Finance for Accredited in Business Valuation (ABV)
1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
1 CPD Credit for Chartered Accountant - ICAEW
1 CE Credit for Certified Treasury Professional (CTP)
1 CE Credit of General finance principles and financial concepts for Certified FP&A Professional (FP&A)
1 CPE Credit of Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
1 CPD Credit for Chartered Accountants - Scotland
1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
1 CPD Credit for CPA - Ireland
1 CPD Credit for Chartered Accountants - Ireland (CAI)
1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Dev Strischek

Principal, Devon Risk Advisory Group, LLC

A frequent speaker, instructor, advisor and writer on credit risk and commercial banking topics and issues, Dev is principal of Devon Risk Advisory Group and engages in consulting, speaking and training on a wide range of risk, credit, and lending topics. As former SVP and senior credit policy officer at SunTrust Bank, Atlanta, he was responsible for developing, implementing, and administering credit policies for SunTrust's wholesale lines of business--commercial, commercial real estate, corporate investment banking, capital markets, business banking and private wealth management. He also spent three years as managing director and credit approver in SunTrust's Florida commercial lending and corporate investment banking areas, respectively. Prior to SunTrust, Dev was chief credit officer for Barnett Bank's Palm Beach region. Besides stints at other banks in Florida, Kansas City, and Ohio, Dev's experiences outside of banking include CFO of a Honolulu construction company, combat engineer officer in the U.S. Army, and college economics instructor in Hawaii, Missouri, and Florida. A graduate of Ohio State University and the ABA Stonier Graduate School of Banking, he earned his M.B.A. from the University of Hawaii.

Dev serves as an instructor at the Stonier Graduate School of Banking, the Southwestern Graduate School of Banking, and the American Bankers Association's (ABA) Commercial Lending School. His school, conference, and workshop audiences have included participants drawn from the ABA, RMA, OCC, Federal Reserve, FDIC, FFIEC, SBA, the Institute of Management Accountants (IMA) and the AICPA. He worked with RMA to develop, implement, and teach its Critical Thinking course.

Dev has written about credit risk management, financial analysis and related subjects for the ABA's Commercial Insights, the Risk Management Association's RMA Journal, the IMA’s Strategic Finance and other business professional journals. He is the author of Analyzing Construction Contractors and its related RMA workshop. A past national chair of RMA and former Florida Chapter president, Dev serves as a member of the RMA Journal's advisory board. He represented the banking industry as a member of the Financial Accounting Standards Board’s Private Company Council, which reviews and recommends changes to existing and proposed generally accepted accounting principles that make them more cost-effective for privately held companies. Finally, he has consulted on credit risk issues with banks in Morocco, Egypt, and Angola through the US State Department's Financial Service Volunteer Corps (FSVC).

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

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NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

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Cory Campbell, CPA (US)

Great presentation!

WDGI

William D Griffith Iii, CPA (US)

Great experience as I know little of banking handling of loan processes. I don't see any usage in my business of the topic as I'm in taxes and accounting, although I do work on financials clients use for banking uses.