defining guidelines and policies on risk management, consistent with corporate strategies and objectives;
coordinating the implementation of guidelines and policies on risk management by the relevant Group business units, and in other corporate areas as appropriate;
guaranteeing the measurement and control of Group exposure to the various types of risk, also verifying the implementation of guidelines and policies as above;
guaranteeing the monitoring of credit quality and the observance of credit-related guidelines and strategies through the constant monitoring of risk, and submitting proposals on the structure of delegated powers of the corporate bodies.
The following structures operate under the Chief Risk Officer:
- Group Risk Manager - Internal Validation
The Group Risk Manager:
is responsible for operational implementation of the management strategies and guidelines for risk along the Bank’s entire decision-making chain, down to individual operational units;
is responsible for the risk exposure methods and controls implemented in each business unit, reporting on the overall situation to the corporate governance bodies;
proposes the annual update of the Risk Appetite Framework (RAF) to the Chief Risk Office and operational limits for financial risks (for both the banking and trading books);
promotes the use of risk measurement tools during the credit granting and managing process and the concentration process;
oversees the methodological and organisational framework for operational risks;
adopts capital-at-risk measurements for management reporting and assessment of the Group’s internal capital adequacy;
ensures that statutory reports are sent to the Supervisory Authorities.