An Introduction to Credit Risk Management

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7/10 stars
based on  12 reviews
Provided by:
Cost FREE
Start Date On demand

Course Details

Cost

FREE

Upcoming Schedule

  • On demand

Course Provider

edX online courses
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Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.

Provider Subject Specialization
Sciences & Technology
Business & Management
22639 reviews

Course Description

Imagine that you are a bank and a main part of your daily business is to lend money. Unfortunately, lending money is a risky business - there is no 100% guarantee that you will get all your money back. If the borrower defaults, you will face losses in your portfolio. Or, in a bit less extreme scenario, if the credit quality of your counterparty deteriorates according to some rating system, the loan will become more risky. These are typical situations in which credit risk manifests itself.

According to the Basel Accord, a global regulation framework for financial institutions, credit risk is one of the three fundamental risks a bank or any other regulated financial institution has to face when operating in the markets (the two other risks being market risk and operational risk). As the 2008 financial crisis has shown us, a correct understanding of credit risk and the ability to manage it are fundamental in today’s world.

This co...

Imagine that you are a bank and a main part of your daily business is to lend money. Unfortunately, lending money is a risky business - there is no 100% guarantee that you will get all your money back. If the borrower defaults, you will face losses in your portfolio. Or, in a bit less extreme scenario, if the credit quality of your counterparty deteriorates according to some rating system, the loan will become more risky. These are typical situations in which credit risk manifests itself.

According to the Basel Accord, a global regulation framework for financial institutions, credit risk is one of the three fundamental risks a bank or any other regulated financial institution has to face when operating in the markets (the two other risks being market risk and operational risk). As the 2008 financial crisis has shown us, a correct understanding of credit risk and the ability to manage it are fundamental in today’s world.

This course offers you an introduction to credit risk modelling and hedging. We will approach credit risk from the point of view of banks, but most of the tools and models we will overview can be beneficial at the corporate level as well.

At the end of the course, you will be able to understand and correctly use the basic tools of credit risk management, both from a theoretical and, most of all, a practical point of view. This will be a quite unconventional course. For each methodology, we will analyse its strengths as well as its weaknesses. We will do this in a rigorous way, but also with fun: there is no need to be boring.

Thanks to the wonderful feedback of last year’s students, the course has been further improved.
Follow us on Twitter @CRMooc for updates and hints about the course.

FAQs

What is the estimated effort for course?
The total effort is 48 hours. You can decide for yourself when you will work on the course.

How much does it cost to take the course?

Nothing! The course is free.

Will the text of the lectures be available?

Yes. All of our lectures will have transcripts synced to the videos.

Do I need to watch the lectures live?

No. You can watch the lectures at your leisure.

Is this course related to campus courses of Delft University of Technology?

Yes, this course can be seen as an evolution of the WI3421TU Risk Management course, a compulsory course of the Minor Finance at TU Delft.

Reviews 7/10 stars
12 Reviews for An Introduction to Credit Risk Management

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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.

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Ahmed Alkhaldi profile image
Ahmed Alkhaldi profile image

Ahmed Alkhaldi

10/10 starsTaking Now
1 year, 11 months ago
Please activate this course again. There is no any credit risk online course available in the whole world right now. I checked many resources online but there is no any course teaching & providing certificate for credit risk.
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student

8/10 starsDropped
2 years, 2 months ago
Great idea, low quality. Felt like Siri was reading from a script. Give the professor credit for his willingness and effort to help people like me understand financial or corporate risks.
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Murtaza Ujjainwala profile image
Murtaza Ujjainwala profile image

Murtaza Ujjainwala

10/10 starsCompleted
2 years, 2 months ago
I was about to finish this course but verified certificate is not available. Kindly help me to get the same.
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chandra mohan profile image
chandra mohan profile image

chandra mohan

7/10 starsTaking Now
2 years, 10 months ago
i am just looking to take this online free of cost course but, here all are economically designed. can i expect guidance on this here.
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student

7/10 starsCompleted
3 years, 2 months ago
This course is interesting but directed for beginners. It includes a transparent material and interesting exercises. My overall assessment is good
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Maria Blanco profile image
Maria Blanco profile image

Maria Blanco

1/10 starsTaking Now
3 years, 3 months ago
I think is bad course. Too short to teach good topic and the English is not good. I wish to learna nd I dont learn here.
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student

1/10 starsTaking Now
3 years, 3 months ago
I find the mediocre teaching below the level that I like. The level of Englsh is not very amazing and I wish for a bteer level.
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student

10/10 starsCompleted
3 years, 3 months ago
As an IT professional, I am really benefited from this free course to gain knowledge about Credit Risk management, especially the transcripts, homework and practice questions help me review the content. Although I have completed the course, I still review the content for my support work in Credit Risk area. Dr. Pasquale Cirillo is a wonderful instructor.
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Maria Vespasiani profile image
Maria Vespasiani profile image

Maria Vespasiani

1/10 starsCompleted
3 years, 3 months ago
I think the teacher is very difficult to understand. I know South Europeans are not good at English but even I cant understand the English very well. Please get someone else.
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student

1/10 starsCompleted
3 years, 3 months ago
The English is cringeworthy. Please next time hire someone who can speak english properly and someone from a 3rd rank english.
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szeryf profile image
szeryf profile image
10/10 starsCompleted
  • 2 reviews
  • 1 completed
3 years, 4 months ago
Absolutely stunning course, best I have ever participated. That MOOC is perfectly balanced and has many useful extras like well-written academic papers, video interviews with practicioners and sofa sessions where Professor Cirillo talks about practice and reality. Involving R in the MOOC was a great idea, it helps me a lot to understand that programming language and solve the credit risk issues with it. And it had motivated me to develop my R skills to everyday work. We can call Professor Cirillo the our european Damodaran because of excellent teaching skills and participating in discussion forum of that MOOC. Another good thing in that MOOC is focusing on economic sense of credit risk models (instead of focusing on pure mathematics like "how to derive Ito's lemma from Ito's calculus") and some talks about fat-tails and Black Swans which is important in economic world where Gaussian distribution does not work. Now I am waiting for "A... Absolutely stunning course, best I have ever participated. That MOOC is perfectly balanced and has many useful extras like well-written academic papers, video interviews with practicioners and sofa sessions where Professor Cirillo talks about practice and reality. Involving R in the MOOC was a great idea, it helps me a lot to understand that programming language and solve the credit risk issues with it. And it had motivated me to develop my R skills to everyday work. We can call Professor Cirillo the our european Damodaran because of excellent teaching skills and participating in discussion forum of that MOOC. Another good thing in that MOOC is focusing on economic sense of credit risk models (instead of focusing on pure mathematics like "how to derive Ito's lemma from Ito's calculus") and some talks about fat-tails and Black Swans which is important in economic world where Gaussian distribution does not work. Now I am waiting for "Advanced credit risk management" and another future MOOCs from TU Delft.
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Giang Pham profile image
Giang Pham profile image

Giang Pham

10/10 starsTaking Now
3 years, 11 months ago
The content and lectures are very relevant, R is an amazing tool. The sofa session is a good idea, I hope all the MOOCS will bring it on syllabus.
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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.