BI for Risk Management

BI for Risk Management

20 hours

Course A, 16 Hours

Build that Knowledge Base: Database, SAS, and Credit Risk Management 101

Consumer Banking
Credit Risk Management
Consumer Credit Products
1. Credit Card
2. Line of Credit
3. Overdraft
4. Personal Loans
5. Mortgage
Credit Scoring
1. Generic Score

i. Credit Bureau Report

ii. Bureau Score

iii. Behavior Score

Custom Score

i. Application Score

ii. Behavior Score

iii. Profit Score

iv. Collections Score

Credit Strategy
1. Adaptive Control and Decision Tree
2. Rules Engine and Workflow Management
Consumer Credit Lifecycle
1. Acquisition

i. Cutoff and Override

ii. Credit Limit Assignment

Account Management

i. Authorization

ii. Credit Limit Increase/Decrease

iii. Risk-Based Pricing

iv. Renewal/Reissue

Collections

i. Re-Aging Logic

ii. Roll Model

iii. Delinquent Collections

iv. Post-Chargeoff Recovery

Provisioning
1. Loss Types
2. Reserving Models: Roll Rate, Transition Matrix, Markov
Profitability Analysis
1. Revolver vs Transactor
2. Payment Deferral Plans and Pay Out Curve
3. Efficient Frontier: Cumulated Volume vs Loss vs Profit

Project 1: Acquisition Scorecard Development

Project 2: Collections Strategy development

Course B, 4 Hours

Write that Winning Resume, Ace that Interview: Career Coaching

Credit Risk Management Career Opportunities in Canada vs China
Career Pathing
1. “With 2 legs you walk”: Relational Database and SAS
2. “With 2 wings you fly”: Business Sense and Experience
Networking for Job Leads: Work with Recruiters
Dissect and Analyze Job Postings
Research and Index Industry and Company Information
Resume: Handpick Materials to Write a Coherent Story about “You”
Interview Prep: Predict Technical/Behavior Questions and Write Your “Lines”
Interview: Rehearse and Work on Your Voice, Gesture, Eye Contact, Business Etiquettes. Expect the 20% Unexpected Questions and Act It out Spontaneously

Project 3: Resume

Project 4: Interview Prep

Ericisim

Are you willing to pay 4 day’s salary for a course in order to get you that salary that’s otherwise unavailable for months?

I don’t care if it’s economic uptime or downtime. I need only one job.

Job searching is soul searching. Instead of asking “what can I do”, you ask “what do I want”.

You don’t need another degree. It’s a big money and time waster. What you need is some indirect knowledge, professional coaching and lots of practicing to get ahead of the crowd.

It never ceases to amaze me that intelligent, ambitious, very well educated people overlook developing the no. 1 skill that would position them head and shoulders above their competition, speaking.

Write down you interview lines word for word and practice, practice, practice.

Interview is like Karaoke contest – it has to be flawless. You practice twenty times. You get up on stage and sing. You voice is perfect except that the last note of high pitch does finish well. Then you inevitably blow it!

Toronto is the financial hubbub of Canada and it offers many opportunities in financial industry. This is why many of us chose to live in here – we wanted to land a job in banks, insurance companies, or brokerage firms. And we felt so good when we came, equipped with high degrees, certificates and technical skills.

However months passed by, tons of resumes went out to no avail. Even if we did secure an interview, we unexpectedly blew it. This job searching process becomes ego shattering. Some of us start to self doubt: do I have the right skills or do I need another degree?

You are technically strong enough. In fact if the name of your left foot is technical, it’s too long and in comparison, your right foot is too short and almost cripples you. What’s your right foot? It is language, communication, and presentation. It is anything but technical!

Banking isn’t Silicon Valley and doesn’t always put your career on the edge. You still need to be smart, detail-oriented, and good with numbers and people, but otherwise, most banks aren't high-stress, difficult places to work.

Consumer banking is the bread-and-butter business of any bank in the world. But it’s also a traditional business. And competition is keen. Worst yet, consumers perceive very little differentiation among major banks. So in a long run no one can win a game competing only on product offerings and pricing. Credit risk management is the most important differentiator.

Banking is a risk business. Alan Greenspan, the former Fed chairman of the US once said: “The purpose and basic economic function of our banking system is to take risk”. And consumer banking is the most important business of any successful bank in the world as it generates a quarter of its revenues but 1/3 of its profit. Why is it more profitable? Because its risk can be more reliably predicted and planned for.

Consumer banking today has a huge need for people with technical skills. Citibank says that it has more programmers than Microsoft does. Responsibilities range from managing data to coding applications to modeling bank functions such as loan approval. Positions include business analyst, data analyst, marketing analyst, reporting analyst, risk analyst, developer, modeler, and programmer working in departments of business intelligence, decision science, decision support, marketing, portfolio management, strategy development. They require database and SAS programming experience. Salary ranges from $35,000 to $150,000.

There is no CA, CFA type of job hunting license for credit risk professionals. That makes it so hard to find the career path to this field. But once you find it that makes it so easy to stand out from the competition – because there’s no competition. Although a degree in math, statistics, system engineering, operations research, database, computer science is ideal, a general background in science or engineering coupled with business sense and direct or indirect experience in consumer banking will get you ahead in this world.

Ten years ago only a handful statisticians had the privilege of using SAS. Why … because SAS license was expensive and the people who happened to know SAS were … expensive too. Now it’s getting more popular because banks realize its power and are willing to pay a lot more for your SAS skills.

(Let someone contact you)

Last update:. Visits -- | Web site design and hosting by WECAN.ca CMS