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Risk Management Division
As per instruction of Bangladesh Bank "Risk Management Unit" of the Bank has been restructured as a fully functional division named as "Risk Management Division" for smooth operation and management of risk issues. The division is headed by a Senior Executive Vice President who is also acting as the Chief Risk Officer (CRO) of SIBL.. The division works with the capital management issues and risk management activities of the bank as per the guideline of Bangladesh Bank, Management level Risk Management Committee and Risk Management Committee of the Board.
The basic organogram chart for risk management activities is as below:
The risk management of the Bank covers a wide spectrum of risk issues and the 6 (six) core risk areas of banking i.e. investment risk, foreign exchange risk, internal control & compliance risk, money laundering risk, ICT risk and asset liability management risk. SIBL is much concerned about the business risk and its proper management so that the risk and return could be optimized. Our policy envisages that the management would pay special attention to manage and reduce the risk to an acceptable level apart from prudent controls over the Bank's assets.
The functions of the Division are summarized as follows:
Calculating Minimum Capital Requirement (MCR) under Basel III,
Conducting Supervisory Review Process through Internal Capital Adequacy Assessment Process (ICAAP),
Disclosing related information as per the instruction of Pillar III of Basel-III framework.
Conducting Stress Testing
Preparing Risk Management Paper
Co-ordination and Monitoring of the core risks.
   - Investment Risk Management
   - Asset-Liability Risk Management
   - Foreign Exchange Risk Management
   - Anti Money Laundering Risk Management
   - Internal Control & Compliance Risk Management
   - Information and Communication Technology Security Risk Management
   - Environmental Risk Management
Co-operation with Credit Rating etc.
Management Level Risk Management Committee
For smooth functioning of risk management activities of the Bank, a Board level and a Management level Risk Management Committee is working in the Bank. The Management level Risk Management Committee is headed by the Managing Director & CEO of the Bank and formed as per the TOR of Bangladesh Bank and conduct minimum one monthly meeting to discuss the main agenda of the meeting- 'Monthly Risk Management Paper (MRMP)' which is specially designed by Bangladesh Bank and contains various analysis and information that covers a wide areas of the Bank's credit risk, market risk, operation risk including 'six core risks'. As per regulations of the Bangladesh Bank, this committee analyses all the information contained in MRMP and submit it to the Bangladesh Bank and Bangladesh Bank monitors and instructs the bank on any particular risk issue. Apart from MRMP, Comprehensive Risk Management Papers (CRMP) is prepared and placed to this committee on half yearly basis. Both MRMP and CRMP also submit to the board risk management committee for their review and approval.
Functions of the committee are as under:
Designing bank's overall risk management strategy;
Establishing risk management policies and procedures;
Developing and overseeing implementation of stress tests;
Developing, testing, and observing use of models for measuring and monitoring risk;
Informing the board about the appetite for risk across the bank;
Communicating views of the board throughout the bank;
Independently monitoring limits, in addition to the monitoring that is done by business units;
Formulating guidelines on the handling of all property and liability claims involving the organization;
Developing and implementing loss prevention/loss retention programs;
Identifying and quantifying bank's exposures to material loss;
Securing and maintaining adequate loss coverage at the most reasonable cost;
Adopting proper financial protection measures through risk transfer, risk avoidance, and risk retention programs;
Determining the most cost-effective way to construct, refurbish, or improve the loss protection system of any facility leased, rented, purchased, or constructed by the bank;
Managing claims for insured and uninsured losses; and
Participating on all contract negotiations involving insurance, indemnity, or other pure risk assumptions or provisions prior to the execution of the contracts.
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