When answering this question, focus on a specific instance where you identified a potential credit risk. Describe the context and the methods you used to identify the risk, such as financial analysis, market research, or credit scoring models. Explain the steps you took to manage or mitigate the risk, including any communication with stakeholders, adjustments to credit terms, or additional collateral requirements. Highlight the outcome of your actions and what you learned from the experience. For example:
"In my previous role, I identified a potential credit risk with a client whose financial statements showed declining revenue. I conducted a thorough analysis, including a review of industry trends and the client's payment history. I recommended adjusting the credit terms and requiring additional collateral. This proactive approach helped mitigate the risk, and the client was able to meet the revised terms, ultimately improving their financial stability."
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