Introduction to Credit Analysis Professional Certificate

New York Institute of Finance

New York Institute of Finance

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Who should attend

  • Bankers
  • Bank Auditors
  • Bank Credit Analysts
  • Bank Accountants
  • Bank Comptrollers

About the course

Gain a solid grounding in credit risk evaluation using the tools, techniques and methodologies used by Rating Agencies, Regulators, Banks and Investment Banks. This course includes the instructor’s book, Introduction to Credit Analysis which is used as a reference.

Half the course is spent outlining and clarifying the different credit risk analysis methodologies used by Rating Agencies, Regulators, Banks and Investment Banks. The other half is spent in group work applying these methodologies to current Corporate, Bank and Investment Bank annual reports and 10K’s.

Apply these different structured approaches to assess the creditworthiness of:

  • A corporate borrower from a rating agency perspective
  • A bank from a regulator’s perspective
  • A bank from a shareholder’s perspective
  • An investment bank from a market perspective

Prerequisite knowledge:

  • Basic accounting

CURRICULUM

BY THE END OF THIS PROFESSIONAL CERTIFICATE, YOU WILL BE ABLE TO:

  • How to evaluate the performance of a company based on a qualitative and quantitative framework and tools
  • How to identify the key factors that drive a company’s future performance and evaluate the likely impact on its credit standing
  • How to uses a cash flow approach to ascertain a company’s ability to service/refinance its debt as it comes due
  • How US banks are evaluated by US regulators and how these criteria were derived
  • Where US banks differ from US regulators on the appropriateness of these criteria
  • How banks manage economic capital, mitigate risk and use credit metrics to determine their own default risk
  • How rating agencies evaluate a bank’s economic, industry, diversification and management risk
  • How raging agencies evaluate a bank’s credit, earnings, liquidity, funding, market and capitalization risk
  • Why investment banks engage in derivative activities
  • How investment bank’s manage derivative credit and market risk through value-at-risk

Day 1

RATING AGENCY CORPORATE RATING METHODOLOGIES – BUSINESS RISK

  • Introduction
  • The Great Recession of 2008-2009
  • Corporate Credit Standards
  • Business Risk
  • Industry Risk
  • Competitive Position
  • Management
  • Parent/Subsidiary Links
  • Country Risk
  • Group Work
  • Evaluating Corporate Case Business Risk

Day 2

RATING AGENCY CORPORATE RATING METHODOLOGIES -FINANCIAL RISK

  • Financial Policy
  • Profitability
  • Cash Flow
  • Capital Structure
  • Flexibility/Liquidity
  • Non-investment Grade Credit
  • Sovereign Risk & Country Risk
  • Group Work
  • Evaluating Corporate Case Financial Risk and Overall Corporate
  • Credit Default Risk

Day 3

REGULATORY RATING METHODOLOGY

  • Background
  • Types of Risks
  • Integrated View of Risk Management
  • Risk Management Systems
  • Internal Rating Systems
  • History of Basel I and Basel II Capital Accords
  • Basel III
  • General Capital Requirements
  • Capital Conservation Buffer Requirements
  • Countercyclical Capital Buffer Requirements
  • Significant Financial Institution Capital Buffer Requirements
  • Liquidity Risk Requirements
  • Legal Structural Requirements
  • Basel III Historical Studies
  • Group Work
  • Evaluating Regulatory Case and overall Systemically Important
  • Financial Institution Credit Liquidation Risk

Day 4

BANK RATING METHODOLOGY

  • Management’s Perspective
  • Economic Capital Management (RAROC)
  • Risk Mitigation Techniques
  • Credit Metrics
  • Business Risk
  • Economic Risk
  • Industry Risk
  • Market Position
  • Diversification
  • Management
  • Financial Risk
  • Credit Risk
  • Earnings
  • Liquidity & Funding
  • Market Risk
  • Capitalization
  • Financial Flexibility
  • Group Work
  • Evaluating Bank Case and overall Bank Credit

Day 5

INVESTMENT BANK RATING METHODOLOGY

  • Background on Derivatives
  • Benefits of Derivatives
  • Derivatives Credit Exposure
  • Derivative Market Exposure
  • Risk Equivalents
  • Credit Derivatives
  • Value-at-Risk
  • A comparison of rating agency, regulator, bank and investment bank views of Credit Risk
  • Group Work
  • Evaluating Investment Bank Case and overall Investment Bank Credit Market Risk
  • Conclusion

Introduction to Credit Analysis Professional Certificate at New York Institute of Finance

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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