EVALUATE CURRENT INTERNAL / EXTERNAL AUDITING PROCESS:
Are you not sure of the quality of the product received from your present CRR? If you are getting the same basic report with similar content and a focus only on hitting targeted file coverage ratios with no actionable items to improve, then you probably are not. Our Credit Risk Advisory Services help you evaluate the efficacy of your credit risk review function to ensure:
CRR mission is clearly stated and establishes objectives outlined by the Board.
CRR is driven by sound risk assessment tailored to your institution
Credit risk is evaluated, as defined by policy and scope, with value-added insights and observations of individual lending credits, sectors, industries, portfolios, collateral, purpose, and economic trends.
Board reports include findings prioritized based on risk, root causes of systemic deficiencies, practical solutions to address the issues, management responses and commitments, tracking of corrective actions, and best practice considerations.
Once we start work, based upon an agreed upon contract, we will familiarize ourselves with your risk profile, review policies, procedures, staff, and resources, view recent reports from inside/outside auditors and examiners. We will validate your auditor’s conclusions on:
Asset quality
Credit process compliance
Effectiveness of ongoing supervision of credit risk
Portfolio performance
Management and board supervision
Adequacy and accuracy of management information systems
Our conclusions will give you options for a stronger, more meaningful, value-added credit risk review process.
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