Genpact to Build Talent for Credit Risk Analytics

Genpact Risk Academy in partnership with industry Association of International Wealth Management of India to work together for the talent gap with in-depth curriculum and assessment program.

NEW DELHI: Genpact the architect of the Lean Digital enterprise announced that it has strengthened its Risk Academy, a comprehensive learning and development program, by including Certified Credit Research Analyst (CCRA) certification offered by Association of International Wealth Management of India (AIWMI) as part of an extensive training curriculum.

The need for new risk management solutions stems from complicated regulations such as the Dodd-Frank Act mandated stress testing and the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR). To address these regulations, financial institutions must develop and maintain a comprehensive system of internal controls, conduct model validation, provide ongoing model documentation, and continually analyze and manage data across the enterprise. The credit and portfolio management functions also look to improve response time to clients, enhance the quality of underwriting, and enable profitable business growth, all while ensuring compliance to regulatory and internal policy requirements. Banks that leverage end-to-end solutions encompassing services, technology and consulting can expect to realize greater efficiency, and those that use global risk talent enjoy significant cost reduction.

The Genpact Risk Academy includes more than 35 instructor-led interventions facilitated by industry experts and through online assessment tools. Last year, Genpact also partnered with Global Association of Risk Professionals (GARP) for risk and regulatory execution consulting. Genpact risk consultants in partnership with AIWMI can earn CCRA certification, the recognized standard for credit analysts. The certificate program covers topics including credit, bank, and operational risk management, credit underwriting, financial spreading, corporate priorities, loan approval processes, credit risk rating system, loan review mechanism, and reporting systems. As a result, Genpact professionals have opportunities to expand and strengthen their risk and compliance capabilities and provide more strategic counsel to their clients.

Aditya Gadge, CEO, Association of International Wealth Management of India said, “Growing importance of the Certified Credit Research Analyst certification, which provides internationally recognized financial knowledge in credit risk analysis, has made this credential a master key to professional success. As the certification awarding body for the CCRA^TMcertification, AIWMI has been working closely with prominent global institutions to make this a universally accepted designation. The partnership with Genpact is an excellent step forward to further enhance the visibility of this program and enhance professional standards among Genpact employees.”

“Wholesale banking is going through digital disruptions and there is a need to reimagine the middle and back office credit operations for credit operations,” said Manish Chopra, Senior Vice President and Global Business Leader, Risk Services at Genpact. “Genpact’s partnership with AIWMI attests to our vision of building talent for future.”