| Roles and Responsibilities |
| The RMC is primarily responsible for the effective and optimum functioning of the risk management function within the Bank and its responsibilities include:
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| Risk Management Strategies and Policies
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| Review and recommend risk management strategies and policies for Board's approval.
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| Review and propose the setting of the risk appetite/ tolerance of the Bank at enterprise and at strategic business unit levels to the Board.
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| Review new products and services to be submitted for Board's approval and highlighting the risk aspects to the Board.
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| Risk Management Governance and Organization Structure
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| Oversee the overall management of all risks covering market, credit and operational.
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| Ensure that there are clear and independent reporting lines and responsibilities for the overall business activities and risk management functions.
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| Inculcate risk management culture within the Bank.
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| Institute independent review of the Bank's risk management infrastructure, capabilities, environment and processes.
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| Risk Management Methodologies and Tools
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| Approve risk methodologies for measuring and managing risks arising from the Bank's business and operational activities.
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| Endorse the engagement of external and independent reviewers for the validation of risk measurement methodologies and outputs.
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| Review the allocation of risk-adjusted capital and broad-based limits across the Bank covering market, credit and operational risk.
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| Risk Management Infrastructure - Systems and Processes
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| Review the risk management processes, systems and internal controls throughout the Bank.
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| Review on periodic basis, risk exposures of the Bank in line with the risk management strategy.
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| Review the adequacy of tools, systems and resources for the successful execution of risk functions within the Bank.
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| Empower members of Management / Committee the authority to approve deviations from limits.
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| Review contingency plans for dealing with various extreme internal/ external events and disasters.
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