Risk Governance The Group’s risk governance provides a formal, transparent and effective governance structure that promotes the active involvement of the Board and Senior Management in the risk management process to ensure a uniform view of risks across the Group. The following Risk Committees have been established to facilitate the implementation of the Risk Management Framework. BOARD OF DIRECTORS The Group’s ultimate governing body which plays a critical role in ensuring sound and prudent policy and practices in the Group. It provides an effective check and balance mechanism in the overall management of the Group. BOARD COMMITTEES MANAGEMENT EXECUTIVE COMMITTEES Board Financing Review Committee (BFRC) Asset & Liability Management Committee (ALCO) Board Strategic & Sustainability Committee (BSSC) Board Risk Committee (BRC) Responsible for: • Reviewing all investment and financing/credit related proposals above specified limits Responsible for: • Overseeing, supervising and monitoring the implementation of identified key strategic matters and any corporate exercises Responsible for: • Overseeing the Group’s activities in managing the following risks: Business Continuity Management Committee (BCMC) Responsible for: • Reviewing the Group’s BCM issues and making appropriate recommendation Financing Committees Responsible for: • Assessing/ approving credits and investment/ capital market proposals Responsible for: • Overseeing and deliberating key issues relating to Group’s asset and liability management and market risk Market Risk Control Committee (MRCC) Responsible for: • Performing the oversight functions to ensure effective risk management of key issues relating to the overall risk management of the Group Operational Risk Control Committee (ORCC) Responsible for: • Facilitating MRCC in the management of key issues on operational risk Data Management Committee (DMC) Responsible for: • Overseeing Data Management initiatives and establish appropriate action plan to resolve issues on data management Recovery Management Committee (RMC) Responsible for: • Overseeing recovery issues and related operational strategies on recovery • Credit Risk • Market & Liquidity Risk • Operational Risk • Compliance Risk • IT and Cyber Risk • Business Continuity Risk • Sustainability Risk (including climate-related risk) • Any other relevant risks Rescheduling & Restructuring Oversight Committee (R&ROC) Responsible for: • Overseeing the management of key issues related to post moratorium credit matters STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL BANK I SLAM MALAYS IA BERHAD 196
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