Credit Skills Development
Omega Performance Exclusively Partners with the IBP
The Institute of Bankers Pakistan (IBP) is pleased to announce its partnership with Omega Performance for the launch of its certification programs and trainings in Pakistan. This is a significant development in the area of risk certification and we hope it will help us upgrade the quality and skills of the banking industry’s credit, risk and lending personnel. IBP is the exclusive partner for Omega in Pakistan and the first program that IBP is launching as a result of this partnership is the Credit Skills Development (CSD) program which is a certification based program based on 18 modules.
Omega Performance is the world’s premier provider of commercial and retail credit training. For over four decades they have assisted financial institutions in building strong credit cultures and creating an environment of best practice in all aspects of lending. Globally Omega works with 2/3 of the world’s leading banks with Omega’s credit training underpinning their credit philosophies helping them build, maintain and grow, high quality commercial lending portfolios that remain profitable in good times and bad. Some of Omega’s clients are: American Express, Barclays, Bank of America Merill Lynch, Citi, DBS, RBS, Standard Chartered, TMB, Wells Fargo and many others. Over two million bankers from more than 2,500 banks in 56 countries have been trained to date.
Credit Skills Development (CSD) is designed to help lenders learn and develop basic corporate and commercial lending skills and provide them with a step-by-step strategy for making sound commercial credit decisions. Participants learn how to gather data needed for analysis and decision-making, assess the risks of a prospective loan, and structure and document a commercial loan package. The chief emphasis of the program is on risk analysis - identification of credit risks associated with a loan and the development of strategies to manage identified risks.
The CSD program is aimed at both credit and relationship management teams- in short, at all those involved in the writing and assessment of credit proposals. It aims to give them a solid foundation in the identification, assessment and management of credit risks, essentially those factors contributing to the probability of default under Basel II. It also deals with facility structuring and so (if for example, combined with your own policies on security taking and valuation) could also contribute to the assessment of exposure default and loss given default.
For detailed information about the CSD program, please click here for the program brochure.
CSD Program Delivery
The program is split into 3 parts:
Pre-Assessment Stage- Supervised (by IBP) online test on 15 modules
Self-study Stage- Paper-based- 18 modules
Assessment/Certification Stage- Supervised (by IBP) online test on 15 modules
To supplement the self-study stage, IBP will also provide tutoring workshops on various advanced modules of the CSD.
The CSD reporting engine is capable of providing unique empirical peer group data so that clients can benchmark staff against a global peer group. The data includes module scores, completion status, length of time to complete modules and aggregate performance by module and by question. A number of standard reports are generated for management review of performance against assessment.
Certification Completion Requirement
The participant will have to complete all online assessment modules with a pass percent of 80% to qualify for the CSD Certification by Omega. The certification will be a joint certification by Chartered Banker, UK; Omega Performance and IBP.
The successful completion of 15 Credit Skills Assessment Modules entitles participants to acquire an Advanced Diploma in Credit from the Chartered Institute of Bankers Scotland and three credits towards the Chartered Banker professional designation.
To send in your registrations, please contact: Mr. Syed Ahsan Iftikhar (Telephone: +92-21-35686955; Email: email@example.com)
To request for more information regarding the CSD program, click here