The principal role of the Risk Committee is to review the Bank’s risk exposure under different products. This encompasses Credit, Market, Operation, foreign exchange positions, asset and liabilities, and capital adequacy.
Committee’s Main Roles and Responsibilities
☑ Review of existing policies, formation of risk management policies and framework, development of a robust risk management strategy and risk tolerance.
☑ Reviewing the adequacy of risk management policies and framework in identifying, measuring, monitoring, and controlling risk and the extent to which these are operating effectively.
☑ Review periodic reports (MIS) on risk exposure, composition of risk portfolio, and review mechanisms to ensure that these reports adequately cover risk reporting.
☑ Review risk methodologies for measuring and managing risks arising from the bank’s business and operational activities.
☑ Review new products that are fundamentally different from the bank’s existing products/services.
☑ Review and keep current the appropriateness of the risk measurement methodologies.
Members
☑ Mr Shirjan Mujahid
☑ Mr Hamid Nooryar