International Credit & Risk Management Online Course
- Mon, January 15, 2018 - Sun, April 15, 2018
- Online Courses
Cost: FCIB Members - *$850
*Early Bird rate
Cost within 30 days of course start date
Cost: FCIB Members - $1050
IN THIS SECTION
Monday, January 15, 2018 - Sunday, April 15, 2018
Early Registration Deadline: Friday, December 15, 2017
Monday, May 14, 2018 - Friday, August 17, 2018
Early Registration Deadline: Friday, April 13, 2018
Tuesday, September 4, 2018 - Friday, December 7, 2018
Early Registration Deadline: Friday, August 3, 2018
Recognizing that there were no stand-alone academic courses that addressed the basic elements of conducting global credit operations, FCIB led the way in designing a course to address this educational need.
In 2004, in partnership with Michigan State University and the US Department of Commerce, FCIB developed, designed and launched the first course of its kind – the International Credit & Risk Management online course (ICRM).
Our International Credit & Risk Management online course (ICRM) is a comprehensive, in-depth 14-week course designed to educate entry-level professionals as well as senior-level executives about the intricacies of global credit and risk management.
The course offers vital, up-to-date knowledge in a collaborative, 24 hours/day-accessible learning environment. Peer-to-peer interaction will build, diversify and strengthen a reliable network of professionals while helping you gain an all-encompassing view of credit and risk management.
Drawing from multiple perspectives, the knowledge and hands-on experience provides you a more balanced view of how to better understand, manage and mitigate the credit risks associated with doing business internationally. In simple terms – know the risks of getting paid, and get paid on time.
By understanding the needs and challenges of credit and risk managers, this cost-effective, comprehensive and in-depth course was designed for you, the practitioner, to add value to your own professional development while making you an even more valuable asset to your company.
The 14-Week Course Consists of 12 Modules
Module 1: Introduction - Concepts for Successful International Credit Management
Module 2: International Trade and the Law
- Critical Concerns for the International Risk Manager
- Documentation Requirements
- Legal Aspects of International Finance and Lending
Module 3: Analyzing International Risk & Setting Credit lines
- Credit and Collection Policies
- Credit Investigation
- Financial Statements for the International Credit Decision Process
- Key Financial Analysis Ratios
- Credit for Global Customers
- Credit scoring
Module 4: International Risk Assessment - Key Considerations
- Country Risk
- Currency Risk
- Foreign Exchange
- Tools for Reducing FX Risk
- Culture Risk
Module 5: International Risk Protection & Mitigation
- Methods of Payment
- Mechanics of Trade Finance
- Documentary Collection
- Commercial Letters of Credit
- Guarantees, Standby and Performance Letters of Credit
Module 6: Accounts Receivable - Reporting, Monitoring and Forecasting
- Analyzing A/R
Module 7: Structured Trade Finance
- Principal Financing Techniques
- Export Financing
Module 8: Monitoring Trade Loans
- Loan Decisions and Risk Management
Module 9: Cash and Treasury Management - Bank systems & controls
- Internal Systems and Controls
- Cash and FX Management
Module 10: Cash and Treasury Management - Financing International Trade
- Principles of Financing International Trade
- Pre-Export vs. Post-Export Financing
Module 11: Export Credit Insurance
- Understanding Credit Insurance
- Defining Credit Insurance Policy Coverage
Module 12: The Future of the International Credit Risk Manager
- Tools for E-Commerce
- Ethics and the International Credit Manager
- Gain a powerful network of fellow credit professionals to exchange ideas, knowledge and processes.
- Peer-to-peer interaction and collaboration through a cohort model (regular communication with other students and instructor(s)).
- Earn the industry’s most recognized and prestigious lifetime designation – Certified International Credit Professional (CICP). Improving your skills, expanding your knowledge and learning will always get you noticed as part of the “A team.”
- Professional certification will show your employer and clients that you are committed to your profession and are well-trained. Certification makes you more valuable to employers and so you may be able to:
o Enjoy better employment and advancement opportunities
o Have a competitive advantage over other professionals without certification
o Earn higher wages
- Upon achieving the CICP designation, the Education Department of the National Association of Credit Management may award five NACM Career Roadmap points for those pursuing a CBF or CCE designation. CCE designation holders may be awarded two Education Points towards their recertification.
Some commonly-held professional titles represented at the ICRM Course:
Credit Manager * Accounts Receivable Specialist * Assistant Credit Manager * Assistant Vice President * Business Development Manager * Chief Financial Officer, Controller, Corporate Credit Manager * Corporate Risk Manager * Director of Credit * Director Credit and Accounts Receivable * Senior Manager Credit and Collections * Global Sales Manager * North American Credit Manager * Senior Credit Analyst * Director of Global Credit
Sample Funding Request Letter
Need help getting funding to attend the International Credit & Risk Management Online Course? The key to having your employer pay for your education is to convince them of the benefits to the company that result from your new skills. There are a variety of direct benefits of employer-funded education that you should point out to your HR/boss manager if they are not already aware of them. These include increased loyalty, reduced employee turnover, increased productivity, ability to take on new projects and the opportunity to show leadership skills. Use the Sample Letter.
NACM Scholarship Program
The National Scholarship Foundation was established to provide financial assistance to business credit professionals striving to continue their education.
Scholarship assistance is available for the ICRM Course, as well as other select programs. Greater consideration is given to first-time applicants, unemployed applicants, those without corporate financial support for education and applicants with less than ten years of experience in credit. View scholarship details.
Senior Vice President and Manager
FirstMerit Bank, International Banking Division
Craig Schurr is a senior vice president and manager of FirstMerit Bank’s International Banking Division. Craig is responsible for the overall international business activities of the bank including foreign correspondent banking, foreign exchange, trade finance and structured finance products and the sale of services to companies throughout FirstMerit Bank’s banking franchise.
Craig joined FirstMerit in 2009 and has over 44 years of experience in banking with 32 years focused solely on international banking. Previously he worked for National City Bank, Bank One, Mellon Bank, and Equibank where he held senior management positions in audit, treasury management and international banking.
Craig is a Board member of the Bankers Association for Finance and Trade, co-chair of the association’s North American Council and a member of the Northern Ohio District Export Council (NODEC). He is also a former member of the Global Council, the Advisory Board of Thunderbird, the School of Global Management in Glendale, Arizona where he is currently an adjunct professor teaching a class in Export Import Management. He enjoys working with the Financial Services Volunteer Corp and is a frequent speaker at regional and national trade association conferences.
Over his career Craig has assisted hundreds of companies throughout the United States with their global business whether it is improving payment experience for global sales through effective deployment of trade tools, enhancing performance of global sourcing operations through effective management of the financial supply chain or efficient treasury management and hedging of foreign cash operations. He co-developed and taught an all-day seminar entitled Inside Trade Finance which was designed to provide exporters with financing tools that effectively enhance and improve the profitability of international sales while enhancing relationships with global customers.
Over 1,900 credit professionals have earned the prestigious CICP designation since its inception, proudly displaying their CICP credential in signature lines and on business cards. The visibility and recognition of the CICP designation grows in popularity as holders talk about their positive experiences, share and impart knowledge gained through the course. View the list of current CICP holders.
Read about the journey of an ICRM student going through the process of getting his CICP designation.
“Having employees who are professionally certified has increasingly become a symbol of quality that can provide companies with a competitive advantage. Give your company a competitive advantage and sign up for the International Credit & Risk Management course.” - FoodOne, Division of Seafax, Inc.
“The CICP program offered by FCIB exceeded my expectation. It is very engaging and challenging. If you are interested in or currently managing international credit, the CICP program is an indispensable and invaluable program to add to your arsenal”. - BASF East Asia Regional Headquarters Ltd
Transfer Policy: ICRM students are eligible to transfer to another session before the end of week two. Transfers are allowed only once and must be used within 12 months of the original course start date. There will be a $75 processing fee to transfer the registration to a future ICRM course.
Withdrawal Policy: ICRM students that withdraw before the end of week four are eligible for 50% of their tuition fee to be applied to any FCIB event or education course; including, but not limited to a future ICRM course. This credit must be used within 12 months of the original course start date.
Registration fees, less a $50 processing fee, will be refunded for written cancellations received 21 days before the course start date. No refunds for cancellations within 21 days of the course start date. Substitutions are permitted.
Visit our frequently asked questions for answers to questions including login instructions, participation hours, course materials and CICP exam information.