Credit Risk Governance

MNK Risk Consulting > Credit Risk Governance

Credit Risk Governance

Boards of financial institutions are ultimately responsible for risk management. To be effective and influential, boards must be properly and regularly informed of institutional risks and trends, as well as the efficacy of risk management policies, processes and practices.

We improve clients’ credit risk governance processes by evaluating and benchmarking practices against industry standards and regulatory expectations, and advising and assisting with necessary improvements to existing committee missions, structures, membership, practices, reporting, monitoring, and decision making. A strong credit risk management program must be supported by appropriate organizational structure. Delegations of authority and responsibility; reporting lines; and separation of duties among and between lenders, management and administration need to be defined, with clear accountability, and vital credit risk functions must be sufficiently staffed and organized. We advise and assist institutions in designing organizational structures to ensure that they are efficient and clear.

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