International Credit & Risk Management Online Course

About The Course

FCIB’s 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.


Early Bird Rate:

FCIB Members - *$950
NACM Members: *$995
Non-Members - *$1,690

Within 30 days of course start date:

FCIB Members - $1,050
NACM Members: $1,150
Non-Members - $1,800


Monday, January 13, 2020- Sunday, April 5, 2020
Early rate deadline Friday, December 13, 2019

Monday, May 11, 2020 - Sunday, August 9, 2020
Early rate deadline Friday, April 10, 2020

Monday, August 31, 2020 - Sunday, November 29, 2020
Early Rate Deadline Friday, July 31, 2020



The 14-week course consists of 12 modules


Module 1: Introduction – Concept for Successful International Credit Management

  • Credit to Cash Cycle
  • Selling in the Global Market
  • Global Credit Policies and Procedures
  • Organizing the Global Credit Department


Module 2: International Trade and the Law

  • Critical Concerns
  • Remedies for Legal Conflicts
  • Collection Agencies and Legal Support
  • Export Regulations and Compliance


Module 3: Analyzing International Risk & Setting Credit Lines

  • Credit Investigation Ethics and Legal Aspects
  • Direct vs. Indirect Credit Investigations
  • Financial Statement Analysis
  • Credit Scoring


Module 4: International Risk Assessment – Key Considerations

  • Country and Currency Risks
  • Risk Assessment Processes
  • Tools for Reducing FX Risk
  • Culture and the Negotiating Process


Module 5: International Risk Protection & Mitigation

  • Mechanics of Trade Finance
  • Methods of Payment
  • The Sales Contract and Other Documentation
  • Advantages and Risks of Documentary Collections


Module 6:  Letters of Credit

  • Commercial LCs
  • Standby and Performance LCs
  • Guarantees
  • Seller’s, Buyer’s and Bank’s viewpoint


Module 7:  Accounts Receivable – Reporting, Monitoring and Forecasting

  • Analyzing AR
  • Understanding DSO
  • Identifying and Reporting Root Causes
  • Forecasting and Variance Analysis


Module 8:  Structured Trade Finance

  • Principal Financing Techniques
  • Factoring and Forfaiting
  • Preventing Countertrade Risks
  • Export Credit Agencies


Module 9:  Monitoring Trade Loans

  • Credit Analysis Process
  • Offsetting Funding Gap Risks
  • Sharing the Risk of Financial Exposures
  • Collections and Monitoring Strategies


Module 10: Cash and Treasury Management: Bank Systems and Controls

  • Establishing Policies and Setting Exposure Limits
  • Identifying Risks that Need Limits
  • Establishing Correspondent Banking Relationships
  • Collecting and Making Payments


Module 11: Cash and Treasury Management: Financing International Trade

  • Buyer’s and Seller’s Need for Financing
  • Trade Finance vs. Regular Lending
  • Pre-Export vs. Post-Export Financing
  • Financing Tools


Module 12: Export Credit Insurance

  • Understanding Trade Credit Insurance
  • Major Categories of Risk
  • Defining Policy Coverage
  • Monitoring Credit Insurance


Why Take the ICRM Course?

  • 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.

Who Benefits from This Course?

Some commonly-held professional titles represented at FCIB’s 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

How Can I Get My Course Tuition Paid?

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.

Scholarship assistance is available for FCIB’s ICRM Course, as well as select NACM, CFDD and affiliated association 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.


Val Venable, CCE, CICP

Val Venable, International Credit Risk Management Online Course

Val Venable most recently was the director of credit for Ascend Performance Materials (Houston, Texas), a global supplier of chemicals, nylon and plastics for the automotive, chemicals, electrical, carpet and industrial fibers markets among others. Previously she was the America’s credit manager for SABIC Innovative Plastics, formerly GE Plastics.

With 40 years’ experience as a credit manager, Val has worked in domestic and international credit in the aerospace, steel and metals, marine, chemicals and plastics industries. She is a certified expert witness for defending creditors in Bankruptcy Section 547 Preference Actions, and has testified before the American Bankruptcy Institute committee for bankruptcy reform.

Val served on the national board of directors for the National Association of Credit Management (NACM) for eight years, serving as chairman from 2001-2002. Additionally, she served on and chaired many of the national committees, including budget and finance, honors and awards, government affairs, education and accreditation.

Val is currently a member of NACM Gulf States, having also served on its board of directors. She has led education sessions at the NACM Credit Congress, the metals and steel, and the food services industry day groups and has addressed various CFDD affiliates.

She received the national CCE Designation of Excellence Award in 2006. As a 1994 graduate of NACM Graduate School of Credit and Financial Management, Val received the Distinguished Student Award. And in 2013, Val was honored with the Alice M.H. McGregor Award of Exceptional Achievement.


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.

The Course History

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).

Course Testimonials

Read about the journey of an ICRM student going through the process of getting his CICP designation.

CICP Road Diary

“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

Withdrawal Policy

ICRM students who withdraw before the end of week four are eligible for 50% of their tuition fee to be applied only to the next course session.

Cancellation & Refund Policy

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.

Frequently Asked Questions

Visit our frequently asked questions for answers to questions including login instructions, participation hours, course materials and CICP exam information.

Accreditation Points

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. For NACM certification questions, please contact NACM Education Department at This email address is being protected from spambots. You need JavaScript enabled to view it.

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