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Risk Management and Credit Principles

4.4 Filled star Filled star Filled star Filled star Empty star
Based on 21 ratings
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Tracy Williams

This course is Part 1 of the Credit and Credit Risk Analysis Professional Certificate program from the New York Institute of Finance. The course begins with an introduction to risk management and credit principles. You will review and understand credit risk, credit exposure, and the goals of credit analysis. You will learn about the purpose of debt, debt forms, and the difference between financing from debt vs. equity.

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This course is Part 1 of the Credit and Credit Risk Analysis Professional Certificate program from the New York Institute of Finance. The course begins with an introduction to risk management and credit principles. You will review and understand credit risk, credit exposure, and the goals of credit analysis. You will learn about the purpose of debt, debt forms, and the difference between financing from debt vs. equity.

In this course, you will gain a deeper understanding of the principles of credit risks, including exposure, default, default probability, expected loss, and loss given default. Important concepts will be covered that will help you to effectively assess business and industry risks, company business models, market competition, and the impact of risks on company performance. You'll examine how companies measure and mitigate these risks.

Lastly, you'll review the roles of credit-rating agencies and the usefulness of market-related metrics, such as share prices and credit spreads. At the end of the course, you'll complete a hands-on risk analysis assessment.

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What's inside

Learning objectives

  • Introduction to risk management and credit principles
  • Principles of corporate and project finance
  • Credit markets, loan defaults, and expected loss
  • Business, industry, and company risk
  • Ratings agencies and financial disclosure

Syllabus

Mod 01: Introduction to Risk Management and Credit Principles (Audit this module for Free)
Mod 02: Principles of Corporate and Project Finance
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Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Credit Risk and Credit Analysis Certificate, which many students pursue for career advancement
Provides preparation for students looking to work as a credit risk and credit analyst
Beginner-friendly course that starts off by introducing risk management and credit principles
Instructors Tracy Williams are seasoned experts in finance
Emphasis on practical application of assessing company and industry risks
Covers essential concepts like credit risk, credit exposure, and expected loss

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Reviews summary

Foundational credit risk principles

According to students, this course offers an excellent foundation in risk management and credit principles, particularly beneficial for those seeking to enter or advance in credit analysis. Learners highlight the clear and concise explanations from instructors, often bringing real-world examples that make complex financial topics accessible. The course is praised for its well-structured modules and current content, effectively covering key areas like credit markets and business risk. While providing strong practical applicability through its hands-on assessment, some learners suggest the inclusion of more advanced case studies or simulations to deepen the learning experience. It is generally considered ideal for beginners to intermediate learners, though some with prior experience found it to be a basic overview.
Good principles, but could benefit from more advanced topics.
"Some parts felt a bit theoretical, and I would have loved more case studies or interactive simulations..."
"My only suggestion would be to add more diverse examples or case studies to broaden the understanding."
"I was looking for more advanced insights into risk mitigation strategies."
"I felt some deeper dives into specific financial models would enhance it."
Ideal for beginners, potentially slow for experienced learners.
"It's definitely for beginners, which is good if you're new, but if you have some background, it might feel a bit slow."
"As someone new to this field, I found the pace perfect."
"I found this course somewhat basic and repetitive if you already have some finance background."
"Overall, I recommend it for beginners to intermediate learners."
Recent feedback indicates improvements in quality and currentness.
"The course material is up-to-date."
"I found the course material very current."
"The production quality of videos also seemed a bit low back then."
"I found the content dry and unengaging. The instructor just read from slides."
Offers valuable hands-on experience and real-world relevance.
"The hands-on assessment at the end was particularly useful for applying the concepts."
"The real value is in the practical applicability of the knowledge gained."
"I'm now much more confident in assessing business and industry risks."
Clear explanations from expert instructors.
"The instructor was clear, concise, and brought real-world examples which made complex topics easy to grasp."
"The content on expected loss and loss given default was explained with remarkable clarity. The instructors are experts."
"The lectures are clear, and the concepts are well-explained."
Provides a strong base for credit risk analysis.
"This course provided an excellent foundation in risk management and credit principles."
"Fantastic course for understanding the fundamentals of credit and risk."
"Solid course. It lays a strong foundation for understanding credit principles and different types of risk."
"Good course for foundational knowledge. The lectures are clear, and the concepts are well-explained."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Risk Management and Credit Principles with these activities:
Corporate Finance
Review and understand the principles of corporate finance, including capital budgeting, cost of capital, and dividend policy.
View Corporate Finance, Global Edition on Amazon
Show steps
  • Read and understand key chapters
  • Summarize and apply concepts to real-world examples
  • Use the book as a reference during the course
Industry Speaker Series
Attend industry speaker series to hear from experts, gain insights, and network with professionals.
Show steps
  • Identify relevant industry speaker series
  • Attend the events and take notes
  • Engage with speakers and ask questions
Summaries and Keywords
Creating summaries and keywords of key concepts covered in each module will aid understanding and retention.
Show steps
  • Read and understand the assigned material
  • Identify the main ideas and supporting points
  • Write a concise summary that captures the essence of the material
  • Extract keywords that represent the main concepts
Five other activities
Expand to see all activities and additional details
Show all eight activities
Quizzes and Practice Questions
Complete quizzes and practice questions to test understanding and reinforce key concepts.
Show steps
  • Take quizzes and practice questions regularly
  • Review incorrect answers and learn from mistakes
  • Use practice questions to identify areas for improvement
Analyze companies
Review how to analyze companies by looking at their financials, operations, and market position before taking the course.
Browse courses on Business Analysis
Show steps
  • Identify key financial ratios and metrics
  • Apply ratios and metrics to analyze a company's financial health
  • Review a company's income statement, balance sheet, and cash flow statement
  • Analyze a company's operations and market position
Peer Discussion Groups
Engage with peers in discussion groups to exchange perspectives, ask questions, and reinforce learning.
Show steps
  • Join or create a peer discussion group
  • Actively participate in discussions
  • Share insights and ask questions
  • Provide feedback and support to other group members
Case Study Analysis
Reinforce knowledge by analyzing real-world case studies, developing insights, and formulating recommendations.
Show steps
  • Read and understand the case study
  • Identify key issues and challenges
  • Analyze the situation using relevant concepts and theories
  • Develop recommendations for addressing the issues
Credit Analysis Project
Enhance understanding by applying knowledge to a practical project, analyzing a company's creditworthiness and making recommendations.
Show steps
  • Select a company to analyze
  • Gather financial data and other relevant information
  • Analyze the company's financial performance
  • Assess the company's creditworthiness
  • Develop and present recommendations

Career center

Learners who complete Risk Management and Credit Principles will develop knowledge and skills that may be useful to these careers:
Risk Manager
Risk Managers work to mitigate and manage a variety of risks within a company. The course you are looking into presents many risk management fundamentals and will be very useful as you navigate a path toward becoming a Risk Manager.
See salaries and explore the career path for Risk Manager
Credit Analyst
A Credit Analyst reviews and evaluates the creditworthiness of individuals and businesses. To be successful, you must have a strong understanding of financial analysis, risk management, and lending practices. The Risk Management and Credit Principles course lays the groundwork to build your knowledge in this area and would be a great resource for your professional development.
See salaries and explore the career path for Credit Analyst
Quantitative Analyst
Quantitative Analysts use mathematical and statistical models to analyze financial data. This course will help you develop a strong foundation in the principles of risk management, which is important for success in this role.
See salaries and explore the career path for Quantitative Analyst
Commercial Loan Officer
A Commercial Loan Officer assesses, analyzes, and approves loans for businesses and large organizations. Some of the work consists of reviewing financial documents and meeting with business owners to discuss loan terms. To be successful in this role, you will need to understand important concepts in finance, accounting, and economics. Ultimately, the course's coverage of risk management, credit principles, and financial analysis will help you to build a foundation toward this career path. It may be especially helpful to thoroughly study Mod 03: Credit Markets, Loan Defaults, and Expected Loss.
See salaries and explore the career path for Commercial Loan Officer
Investment Banker
Investment Bankers help companies raise capital and advise on mergers and acquisitions. This course will help you learn the basics of corporate finance and capital raising and will be particularly helpful if you wish to enter the investment banking field.
See salaries and explore the career path for Investment Banker
Portfolio Manager
Portfolio Managers oversee investment portfolios for individuals and institutions. The course will be especially helpful for those who want to learn about financial analysis. Knowledge of financial markets is important in this role.
See salaries and explore the career path for Portfolio Manager
Loan Underwriter
Loan Underwriters review loan applications, evaluate the borrower's financial history, and make decisions about whether or not to grant the loan. By studying this course, you will be well-positioned for success as a loan underwriter, as Mod 03: Credit Markets, Loan Defaults, and Expected Loss, in particular, will help a learner build a strong understanding of loan terms, defaults, and loss.
See salaries and explore the career path for Loan Underwriter
Reinsurance Underwriter
Reinsurance Underwriters assess and manage risk for insurance companies. This course will help build your knowledge of risk management principles and help you understand important concepts such as expected loss.
See salaries and explore the career path for Reinsurance Underwriter
Insurance Underwriter
Insurance Underwriters evaluate risk and determine the premiums for insurance policies. It may be especially helpful to thoroughly study Mod 03: Credit Markets, Loan Defaults, and Expected Loss while completing this course as it covers concepts of evaluating loss and default probability.
See salaries and explore the career path for Insurance Underwriter
Auditor
Auditors review financial records and ensure that they are accurate. The course will help build your fundamental knowledge of accounting and financial statement analysis, which are essential to the role of an auditor.
See salaries and explore the career path for Auditor
Management Consultant
Management Consultants help organizations improve their performance. This course will improve your knowledge of assessing risk to efficiency and identify areas for improvement.
See salaries and explore the career path for Management Consultant
Financial Analyst
Financial Analysts make recommendations on investments and financial planning to individuals and businesses. The course will help you understand basic ideas about financial risk and how to analyze financial statements. This knowledge is important to succeed as a financial analyst.
See salaries and explore the career path for Financial Analyst
Financial Advisor
Financial Advisors help individuals and families manage their finances. Many hold advanced degrees in business or finance. This course may be useful to those that have a strong foundation in finance concepts but would like to gain additional knowledge in areas like risk management and credit analysis.
See salaries and explore the career path for Financial Advisor
Actuary
Actuaries use mathematical and statistical models to assess risk and uncertainty. This course will provide an introduction to risk management and its importance.
See salaries and explore the career path for Actuary
Data Scientist
Data Scientists use data to solve business problems. By taking this course, you will learn about important risk management and credit principles and how to use data to mitigate risk.
See salaries and explore the career path for Data Scientist

Reading list

We've selected eight books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Risk Management and Credit Principles.
Cover image
Managing Credit Risk
Save
Provides a detailed guide to corporate credit analysis and risk management. It covers the key concepts and techniques used to assess the creditworthiness of companies, including financial statement analysis, industry analysis, and risk assessment.
Managing Credit Risk: The Great Challenge for...
Hardcover
$$$
Managing Credit Risk: The Next Great Financial...
Hardcover
$$
Managing Credit Risk: The Great Challenge for...
Kindle Edition
$$$
Managing Credit Risk: The Next Great Financial...
Kindle Edition
$$$
Cover image
Trading the Fixed Income, Inflation and Credit...
Save
Provides a comprehensive overview of credit markets, instruments, and analysis. It covers the key concepts and techniques used to understand and analyze credit markets, including the different types of credit instruments, the factors that affect credit spreads, and the use of credit derivatives.
Trading the Fixed Income, Inflation and Credit...
Hardcover
$$$
Trading the Fixed Income, Inflation and Credit...
Kindle Edition
$$$
Cover image
Corporate Finance, Global Edition
Save
Provides a comprehensive overview of corporate finance. It covers the key concepts and techniques used to make financial decisions, including capital budgeting, capital structure, and dividend policy.
Corporate Finance, Global Edition
Paperback
$$$
Corporate Finance: The Core, Global Edition
Paperback
$$$
Fundamentals of Corporate Finance, Global Edition
Paperback
$$$
Corporate Finance plus MyFinanceLab with Pearson...
Paperback
$$$
Cover image
The Handbook of Credit Risk Management
Save
Provides a comprehensive overview of credit risk analysis. It covers the key concepts and techniques used to assess the creditworthiness of individuals and businesses, and to develop credit risk models.
The Handbook of Credit Risk Management
Paperback
Check
The Handbook of Credit Risk Management
Kindle Edition
Check
Cover image
The Handbook of Fixed Income Securities, Ninth...
Save
Provides a comprehensive overview of financial instruments. It covers the key features and risks of different types of financial instruments, including stocks, bonds, derivatives, and currencies.
The Handbook of Fixed Income Securities, Ninth...
Hardcover
$$$$
The Handbook of Fixed Income Securities, Ninth...
Kindle Edition
$$$$
Cover image
The Bank Credit Analysis Handbook
Save
Provides a practical guide to credit analysis. It covers the key steps involved in assessing the creditworthiness of individuals and businesses, and in developing credit risk models.
The Bank Credit Analysis Handbook: A Guide for...
Hardcover
$$$$
The Bank Credit Analysis Handbook: A Guide for...
Kindle Edition
$$$$
Cover image
The Handbook of Credit Risk Management
Save
Provides an overview of credit risk and credit management. It covers the key concepts and techniques used to assess the creditworthiness of individuals and businesses, and to develop credit risk policies and procedures.
The Handbook of Credit Risk Management: Originating...
Hardcover
$$
The Handbook of Credit Risk Management: Originating...
Kindle Edition
$$
Cover image
Credit-Risk Modelling
Save
Provides a comprehensive overview of credit risk modeling. It covers the key concepts and techniques used to develop credit risk models, and the use of credit risk models to measure and manage credit risk.
Credit-Risk Modelling: Theoretical Foundations,...
Hardcover
$$
Credit-Risk Modelling: Theoretical Foundations,...
Kindle Edition
$$
Modelling Economic Capital: Practical Credit-Risk...
Hardcover
$$$$
Modelling Economic Capital: Practical Credit-Risk...
Kindle Edition
$$$

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Course image
Rating
4.4 Filled star Filled star Filled star Filled star Empty star
Effort
2 to 3 hours per week for 6 weeks
Level
Advanced
Via
edX
Institution
New York Institute of Finance
Instructor
Tracy Williams
Language
English
Transcripts
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This course belongs to a collection called Credit Risk and Credit Analysis. It's comprised of five courses:
  1. Cash Flow Analysis
  2. Credit and Credit Risk Analysis Professional Certificate Examination
  3. Projections and Structuring
  4. Risk Management and Credit Principles (viewing)
  5. Ratio Analysis
Traffic lights
Read about what's good
what should give you pause
and possible dealbreakers
Credit Risk and Credit Analysis Certificate, which many students pursue for career advancement
Provides preparation for students looking to work as a credit risk and credit analyst
Beginner-friendly course that starts off by introducing risk management and credit principles
Instructors Tracy Williams are seasoned experts in finance
Emphasis on practical application of assessing company and industry risks
Covers essential concepts like credit risk, credit exposure, and expected loss
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