There are four critical elements that need to be mastered in order to optimize the value delivered through the credit risk management function
Analytical capability
The ability to apply best-in-class techniques, methodologies, models, and tools to predict expected customer behavior and to assess the impact of decisions on economics.
Strong value focus across the business
Customized approach for each individual customer
Organizational alignment
Effective organizations are well-aligned and supported by objectives, incentives, and steering, that force decision making to drive profit. This is perhaps the hardest challenge to overcome.
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Read MoreInsights What it takes to make risk performIncentivizing Risk Managers
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Read MoreInsights Risks are rewriting the rules for competitionGaining the Operational Advantage
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Read MoreInsights What financial services can learn from other industriesManaging Operational Risk
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Read MoreInsights Bad debt management is a key driver of financial performance for telecom and cable operators.Finding the Good in Bad Debt
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Read MoreInsights How to protect and restore your company’s good nameResilient Reputations