Page 78 - ACCESS BANK ANNUAL REPORTS_eBook

f) Prepare periodic management reports on
k) Promote risk awareness and provide education subsidiaries and associates.
on risk.
g) Perform competitive analysis on industry peers.
l) Provide assurance on compliance with internal
and external policies with respect to risk h) Conduct strategic and operational review of
management. branches.

FINANCIAL CONTROL AND STRATEGY RISK MANAGEMENT GOVERNANCE FRAMEWORK

a) Prepare and monitor the implementation of the The framework details Access Bank’s risk universe and
Bank’s strategic plan. governance structure comprising three distinct layers:

b) Conduct strategic and operational review of the 1. The enterprise-wide risk management and
Bank’s activities. corporate governance committee forums;

c) Regularly scan the Bank’s operating 2. The executive management committees; and
environment.
3. Risk management responsibilities per risk area.
d) Coordinate and monitor the Bank’s rating
exercises by external rating agencies.

e) Prepare business intelligence reports for the
Bank’s management.

RISK MANAGEMENT GOVERNANCE STRUCTURE

Access Bank’s Risk Management Governance Structure is
depicted below.

Board of
Directors
Layer 1

Board Risk Board Digital Board Board Credit Board Board Audit
& Finance
Management and Information Governance Committee Remuneration Committee
Committee
Committee Technology and Nomination
Committee Committee
Operational Risk Asset and Enterprise Risk Management
Layer 2 Management Liability Management Credit
Committee Committee Committee Committee
(ORMC) (ALCO) (ERMC) (MCC)

Layer 3 Chief
Risk Officer

Layer 4 Risk Internal Audit
Management Division
Division

Business Unit
Risk
Champions

78 Access BAnk Plc
Annual Report & Accounts 2017