Your Bank Director Program subscription includes access to 20 online courses on topics ranging from the Bank Secrecy Act to Understanding UDAAP. These courses are a wonderful way to onboard new directors while ensuring your seasoned directors are up to speed.
A new course added in January is:
The Board’s Role in Managing Credit Risk
A director must understand the bank’s credit risk profile and its credit culture. Board members need to recognize their role in reviewing and approving the banks Credit Policy as well as set the parameters for the concentration limits to maintain the risk level in the credit portfolio.
To accomplish this, they need a thorough knowledge of the bank’s lending portfolio composition as well as the key reports that will provide them with a way to measure the portfolio against the expectations that are set in the policy.
Course length ≈ 23 minutes.
Learning objectives:
Understand a director’s responsibility as it relates to credit risk within your community bank.
Set your bank's core credit priorities.
Maintain an effective credit culture in the bank.
Recognize the importance of your credit policy.
Develop the proper concentration limits to manage credit risk.
Effectively monitor your credit portfolio to avoid surprises.