Credit Risk Certification

AAA

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 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.

RELATED TERMS
  1. Certified Forensic Financial Analyst ...

    A specialized accounting credential offered by the Financial ...
  2. Certified Employee Benefit Specialist

    A professional designation available in both the United States ...
  3. Chartered Accountant - CA

    An accounting designation given to accounting professionals in ...
  4. Associate In Premium Auditing - ...

    Professional designation awarded by the Insurance Institute of ...
  5. Chartered Financial Analyst - CFA

    A professional designation given by the CFA Institute (formerly ...
  6. Certified Financial Planner - CFP

    The CFP legal team has provided its official definition, along ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Insurance

    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.
  2. Budgeting

    Find The Right Financial Advisor

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

    The Basics Of CFP Designation Maintenance

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

    Becoming A Financial Analyst

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

    Is A Career In Financial Planning In Your Future?

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

    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.
  7. Options & Futures

    The Alphabet Soup Of Financial Certifications

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

    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.
  9. Investing

    Hedged ETFs That Help You Cushion Currency Impact

    If you’re an investor holding non-U.S. assets, the returns on your investments will be affected when you translate your investment from its local currency
  10. Personal Finance

    MBA Vs. Executive MBA: Which Is For You?

    What's the difference between these degrees in cost and in value? Here's help in making your choice.

You May Also Like

Hot Definitions
  1. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  2. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  3. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
  4. Investment Grade

    A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such ...
  5. Fringe Benefits

    A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are ...
  6. Irrevocable Trust

    A trust that can't be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets ...
Trading Center