Investopedia

Continue to Site »

Credit Risk Certification

Filed Under » , ,
Dictionary Says

Definition of 'Credit Risk Certification'

A professional designation awarded by the Risk Management Association (RMA) to individuals who have worked in commercial credit and lending or loan review for at least five years, and who pass the five-hour, 126-question CRC exam and become active RMA members.

Successful applicants earn the right to use the CRC designation with their names, which can improve job opportunities, professional reputation and pay. Every three years, CRC professionals must complete 45 hours of continuing education to continue using the designation.

Investopedia Says

Investopedia explains 'Credit Risk Certification'

The study program to earn the CRC covers seven skill sets: evaluating a client's industry, market and competitors; assessing management's ability to formulate and execute business and financial strategies; completing accurate, ongoing financial assessments of the client and its credit sponsors; assessing strength and quality of client or sponsor cash flow; evaluating and periodically inspecting collateral; identifying repayment sources and structuring and documenting credit exposure; and detecting and working out problem loans.

Articles Of Interest

  1.

    Becoming A Financial Analyst

    A career as a financial analyst requires preparation and hard work, but the payoff can be especially rewarding.

  2. Is A Career In Financial Planning In Your Future?

    Take our quiz to find out whether you're suited for this line of work.

  3. An Introduction To The CFA Designation

    The CFA designation is seen as the key certification for investment professionals. Find out what the CFA signifies for candidates and investors.

  4. What You Need To Know About Financial Analysts

    Thinking about relying on analyst recommendations for your next trade? We'll show you what to watch out for.

  5. The Alphabet Soup Of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.

  6. The Basics Of CFP Designation Maintenance

    The workload doesn't end with your exam. Find out how to keep up your CFP credential.

  7. Preparing For A Career As A Portfolio Manager

    Find out what it takes to win a spot in one of the most coveted financial careers.

  8. Find The Right Financial Advisor

    Learn how to weed out those who are just out to make a quick buck.

  9. Financial Designations That Employers Require

    We break down the designations that are important to have if you want to work in the financial sector.

  10. Career Benefits From The CFA Institute

    The CFA Institute provides members with a variety of ongoing career and networking benefits.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  2. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  3. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  4. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  5. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  6. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.
Trading Center