RISK MANAGEMENT in Consumer Financial Institutions: Modern Tools & Guidelines for all Business Units, Including Country Managers and CEO´s (Paperback)

by Jesus Cornejo (Author)
Key Phrases: credit bureau, sustained profitability, auto loans, Target Market, Collections Unit, Collections Strategy (more...)

Editorial Reviews

Product Description
Written for consumer banking or similar financial institutions staffs, Risk Management in Consumer Financial Institutions by Jesus Cornejo shares the brass tacks of the consumer finance industry products and services. Surprisingly accessible and written in laymen's terms, this guide is clear, succinct, and practical. Broken into three main sections with a strong focus on risk management, readers will learn essential methodologies and key variables of risk management in consumer financial institutions, such as Portfolio Management techniques and Credit & Collections state-of-art processes.

About the Author
Jesus Cornejo has a degree in industrial engineering from Panamericana University in Mexico City and an MBA from ITESM, Monterrey – Mexico. Managing various risk management units since 1995 for Citibank consumer banking and other institutions, he has participated in due diligence, portfolio management and overall business reviews in Mexico, Dominican Republic, Colombia, Peru, Puerto Rico and Panama. He is the recipient of the “Citigroup Global Risk Management and Leadership Award” in 2002. Mr. Cornejo is President of CORCAST Group, holding of commercial, consulting and financial businesses, collaborates in an outstanding Caribbean brokerage firm and is a member of the Global Association of Risk Professionals – GARP. He lives in Santo Domingo – Dominican Republic.

Product Details

• Paperback: 316 pages
• Publisher: BookSurge Publishing; 1st edition (September 10, 2007)
• Language: English
• ISBN-10: 1419671812
• ISBN-13: 978-1419671814
• Product Dimensions: 8.9 x 5.9 x 0.8 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Average Customer Review: 3.7 out of 5 stars See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #672,447 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

1.0 out of 5 stars This Book is Just OK, August 24, 2008

By	Dr Risk (San Antonio, TX, USA) - See all my reviews

This book is not very useful if you are a credit risk manager and would like to learn how to do things specifically and analytically. The only useful feature of this book is that it has a "laundry list" of items to consider. The author is not from strong analytical powerhouses, such as Capital One or Chase and not even from the US industry. I don't mean to be condescending, but the level of consumer lending is far higher in the US than say in the Dominican Republic or Panama. On top of it, the author, a non-native speaker of English, has a style that makes it difficult to read, even though the content is fairly simple. A truly analytical risk book is easy to read and has a more complex content.

If you think, I am biased, check this out, the whole book has no single equation and no single diagram or curve!

I do not recommend this book to readers.

1 of 1 people found the following review helpful:

5.0 out of 5 stars A thorough, down-to-earth, organised, and fool-proof A to Z guide, November 28, 2007

By	Mr. J. M. Ginebra Serrabou (London) - See all my reviews (REAL NAME)

This books comes out with perfect timing. If financial institutions from banks to equity and property funds had followed the down-to-earth methodic recommendations of this book, I doubt we would face many of the current credit problems.

The author presents a thorough, down-to-earth, organised, and fool-proof A to Z guide of the credit lending process. Along the way, drawing from his evident experience, he offers advice to many of the related departments that take part of the credit process such as marketing and operations. Advice that is practical and directed to the greater good of the organization: sustainable profitability.

The book's clear structure makes it a perfect guide for consultants, due dilligence analysis, every day practitioners, and even for ngos that specialize in the micro-finance sector. Definitely a book with a great ROI.

1 of 2 people found the following review helpful:

5.0 out of 5 stars Business Manager Rating of this Book, September 25, 2007

By	Karl Smith "Risk Manager" (Manhattan, NY USA) - See all my reviews

This book is excellent for all levels of the organization in Consumer Financial Institutions. It is very useful for Risk Managers as for Business Managers too. Includes a lot of best practices in products and processes.

The tools seen in this book are explained in a practical and easy way. Their application in consumer lending operations can help strongly to achieve growth & profitability in a controlled environment. Is a good recopilation of baking best processes and guidelines.