Writing a Credit Policy

On Demand Course

Instructor: Dev Strischek

Duration: 1 HR

What You'll Learn

Right or wrong, credit policy is the organization’s rule book for its credit risk management strategy, and it also reflects the organization’s credit culture. Both the market and the regulatory agencies expect the credit policy to be accurate, current, and succinct so that both line and credit have unambiguous and clear direction on how to identify, evaluate, underwrite, approve, book and monitor creditworthy clients. A well-crafted credit policy will ensure everyone is on the same page, reduces conflict and confusion, minimizes the need for rigid controls and supports your organizational vision and mission.

Topics covered in this session

Basic topics and contents of credit policy
Content expectations of regulatory agencies
Tips on how to write credit policy
Examples of typical credit policy guidance
Credit policy standard format
Policy exceptions and their role in credit risk management
Indicators of possible need for revision of credit policy

*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

About the Author:

Dev Strischek

A frequent speaker, instructor, advisor and writer on credit risk and commercial banking topics and issues, Martin J. "Dev" Strischek is principal of Devon Risk Advisory Group based near Atlanta, Georgia. Dev advises, trains, and develops for financial organizations risk management solutions and recommendations on a range of issues and topics, e.g., credit risk management, credit culture, credit policy, credit and lending training, etc. Dev is the former SVP and senior credit policy officer at SunTrust Bank, Atlanta. He was responsible for developing, implementing, and administering credit policies for SunTrust’s wholesale lines of business--commercial, commercial real estate, corporate investment banking, capital markets, business banking and private wealth management. Prior to SunTrust, Mr. Strischek was chief credit officer for Barnett Bank’s Palm Beach market. Dev is also a member of the Financial Accounting Standards Board’s (FASB’s) Private Company Council (PCC).

On-Demand Course