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Credit Risk Audit Program

Credit Risk Audit Program Template for Switzerland

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Key Requirements PROMPT example:

Credit Risk Audit Program

"Need a Credit Risk Audit Program for our Swiss private bank's new digital lending platform, to be implemented by March 2025, with specific focus on automated credit decision processes and FINMA compliance requirements for digital banking operations."

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Document background
The Credit Risk Audit Program serves as an essential tool for financial institutions operating in Switzerland to evaluate and maintain robust credit risk management practices. It is designed to meet the stringent requirements of Swiss banking regulations, FINMA circulars, and international Basel standards. The program is typically implemented when conducting regular internal audits, during significant changes in credit portfolios, or when regulatory requirements evolve. It contains detailed procedures for assessing credit risk management frameworks, including credit origination, monitoring, and portfolio management processes. The document provides specific guidance aligned with Swiss regulatory expectations while incorporating international best practices in credit risk assessment and management.
Suggested Sections

1. 1. Introduction: Overview of the audit program's purpose and scope

2. 2. Regulatory Framework: Summary of relevant Swiss banking regulations and Basel requirements applicable to credit risk

3. 3. Audit Objectives: Specific goals and outcomes expected from the credit risk audit

4. 4. Risk Assessment Methodology: Framework for assessing credit risk levels and determining audit focus areas

5. 5. Credit Portfolio Review: Procedures for reviewing credit portfolio composition and risk characteristics

6. 6. Credit Process Assessment: Evaluation procedures for credit origination, approval, and monitoring processes

7. 7. Credit Risk Management Framework: Assessment of the institution's credit risk management policies and procedures

8. 8. Internal Controls Review: Evaluation of control mechanisms specific to credit risk

9. 9. Regulatory Compliance: Procedures for assessing compliance with Swiss banking regulations and Basel requirements

10. 10. Data Quality and Systems: Assessment of credit risk data integrity and supporting IT systems

11. 11. Reporting Requirements: Guidelines for documenting and reporting audit findings

12. 12. Follow-up Procedures: Process for monitoring remediation of identified issues

Optional Sections

1. Trading Book Credit Exposures: Additional procedures for institutions with significant trading operations

2. Specialized Lending Activities: Specific procedures for project finance, commodity finance, or other specialized lending

3. International Operations: Additional considerations for banks with cross-border lending activities

4. Model Validation: Detailed procedures for reviewing credit risk models for institutions using advanced approaches

5. Digital Lending: Specific procedures for reviewing digital/automated lending platforms

6. Environmental Risk: Assessment of climate-related and environmental risks in credit portfolio

Suggested Schedules

1. Appendix A: Risk Assessment Templates: Standardized templates for documenting risk assessments

2. Appendix B: Sampling Methodology: Detailed guidance on credit file sampling approaches

3. Appendix C: Regulatory Compliance Checklist: Comprehensive checklist of Swiss regulatory requirements

4. Appendix D: Credit File Review Worksheet: Template for individual credit file reviews

5. Appendix E: Report Templates: Standardized formats for different types of audit reports

6. Appendix F: Key Risk Indicators: List of standard KRIs for credit risk monitoring

7. Schedule 1: Audit Timeline: Detailed timeline for completing various audit phases

8. Schedule 2: Resource Requirements: Staffing and resource allocation guidelines

9. Schedule 3: Documentation Requirements: Detailed list of required documentation for each audit area

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

















































Clauses






































Relevant Industries

Banking

Financial Services

Insurance

Asset Management

Investment Banking

Corporate Banking

Retail Banking

Wealth Management

Microfinance

Fintech

Relevant Teams

Internal Audit

Risk Management

Compliance

Credit Operations

Legal

Quality Assurance

Portfolio Management

Credit Administration

Regulatory Reporting

Model Validation

Relevant Roles

Chief Risk Officer

Head of Internal Audit

Credit Risk Manager

Compliance Officer

Internal Auditor

Risk Analyst

Credit Portfolio Manager

Senior Audit Manager

Credit Risk Controller

Regulatory Compliance Manager

Credit Review Officer

Risk Assessment Specialist

Banking Supervisor

Quality Assurance Manager

Credit Operations Manager

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Credit Risk Audit Program

A Swiss-compliant audit program for evaluating credit risk management practices in financial institutions, aligned with FINMA requirements and Basel standards.

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