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.
-
Read MoreInsights Incentivizing Risk Managers What it takes to make risk perform -
Read MoreInsights Stop the Multibillion Dollar Delays Aircraft and train manufacturers need to rethink product development -
Read MoreInsights Gaining the Operational Advantage Risks are rewriting the rules for competition -
Read MoreInsights Managing Operational Risk What financial services can learn from other industries -
Read MoreInsights Finding the Good in Bad Debt Bad debt management is a key driver of financial performance for telecom and cable operators. -
Read MoreInsights Resilient Reputations How to protect and restore your company’s good name