Credit Risk Certification

The Credit Risk Certification is a free intermediate-level, 20-minute skill test from Science of Apps. It tests credit risk management — credit risk measurement with PD, LGD, EAD and expected loss, credit analysis and scoring models, mitigation, limits and portfolio risk, and regulation and accounting under Basel and IFRS 9 — written to the BIS Basel Framework, IFRS 9, GARP FRM credit risk topics and established credit risk practice for 2026. For borrower-level financial analysis, see the credit analysis tests. Score 70% or more on its 20 questions to earn a verifiable Credit Risk Proficiency certificate (SOA-CR). Every question is based on published standards and research — including FRM certification (GARP), Basel Framework (Bank for International Settlements), IFRS 9 Financial Instruments (expected credit loss model) (IFRS Foundation) — and each answer is explained with its source.

Science of Apps offers a free Credit Risk Certification, updated for 2026 and 2027. It measures risk measurement, credit analysis and models, mitigation, limits and portfolio risk and regulation and accounting and gives instant results with a shareable certificate.

Read the four skill areas on this page, then take the 20-minute test online — no fee, course or sign-up. You see every answer explained when you finish. Score 70% or more and you get a Credit Risk Proficiency certificate straight away, on screen, as a PDF and by email, with a credential ID anyone can verify.

Yes. The questions are original scenarios written by Science of Apps, and each one is based on a public source you can read: FRM certification (GARP); Basel Framework (Bank for International Settlements); IFRS 9 Financial Instruments (expected credit loss model) (IFRS Foundation). The source is shown under each question and linked in the answer review. Science of Apps doesn't copy questions from other tests.

Four skill areas with five questions each, drawn from a bank of 10 per area so a retake brings new questions: Risk Measurement (PD, LGD and EAD, Expected and unexpected loss and Ratings); Credit Analysis and Models (Scoring and models, Validation and Ratios); Mitigation, Limits and Portfolio Risk (Collateral and covenants, Derivatives and limits and Concentration); Regulation and Accounting (Basel framework, IFRS 9 and CECL and Capital). Every question is an original scenario written to the 2026–2027 standard, with the published source named under it.

Credit risk analyst or manager, Risk modeller, Bank credit officer, Treasury or portfolio risk analyst and Financial regulator or auditor. It suits anyone who wants a quick, verifiable way to show Credit Risk knowledge in 2026 and 2027, from students and career switchers to experienced professionals.

Expected loss (EL) is the average loss a lender expects on an exposure, calculated as probability of default (PD) × loss given default (LGD) × exposure at default (EAD). It is covered through pricing and provisions, while capital covers unexpected losses.

Stage 1 exposures carry 12-month expected credit losses. Stage 2 exposures, with a significant increase in credit risk since origination, carry lifetime losses. Stage 3 exposures are credit-impaired, carry lifetime losses and recognise interest on the net carrying amount.

Yes. The test is online, in English and free everywhere — people take it from India, the US, the UK, Europe, Africa, Latin America and Asia-Pacific. Your certificate is dated with your own local date and can be verified from anywhere at scienceofapps.com/certification/verify/.

20 questions — 5 from each of 4 skill areas — with a 20-minute limit. You need 70% (14 of 20) to pass and 90% for distinction.

We rate it Intermediate: assumes hands-on experience in the role. It has 20 scenario questions — 5 from each of 4 skill areas — and a 20-minute limit. You need 70% (14 of 20) to pass and 90% for distinction.

Nothing. There is no fee to take a test, to receive the certificate, to have it emailed or to verify it, and no sign-up.

On our server, not in your browser. The answers never reach the page until you submit, so a certificate can only be earned by passing. Each certificate gets a unique credential ID stored by Science of Apps.

You see your score for each area and every question with the correct answer and why, with the published source behind it. You can retake after 30 minutes, and the retake draws questions you haven't seen yet.

No. Every certificate is dated, so it always shows when you passed. Retake a test any time for a newer date or a higher score.

Yes. After you pass, Add to LinkedIn opens the Licenses & certifications form with the certificate name, Science of Apps as the issuer, the issue date, your credential ID and the verification link filled in. You can also download it as a PDF or PNG, and it's emailed to you as a PDF.

Every certificate has a credential ID and a QR code. Scanning it, or entering the ID at scienceofapps.com/certification/verify/, shows the holder's name, the certification, the score and the issue date from our records.

No. They are Science of Apps' own assessments of applied skill. They aren't issued by a university or standards body, and they work best alongside a portfolio that shows the skills in real work.