Chief Risk Officer Sample Clauses
The chief risk officer clause designates an individual or role within an organization as responsible for overseeing and managing the entity's risk management framework. This clause typically outlines the authority, duties, and reporting structure of the chief risk officer, such as monitoring compliance with risk policies, identifying potential threats, and advising senior management on risk-related matters. By formally assigning these responsibilities, the clause ensures that risk is proactively managed and that there is clear accountability for risk oversight within the organization.
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Chief Risk Officer. The Chief Risk Officer shall be responsible for implementing the risk management framework, including the procedures, policies and controls which establish an appropriate risk management framework that, at a minimum, clearly identifies and documents the range of risks to which the Company is exposed, addresses the monitoring and management of the entirety of those risks, and provides a mechanism for internal audit. The risk management framework shall be regularly reviewed and updated as necessary. The Chief Risk Officer shall be responsible for making appropriate recommendations to the RMC or Board, as applicable, regarding the Company’s risk management functions.
Chief Risk Officer. From the Closing Date, the Buyer has the right to appoint one (1) Chief Risk Officer to the Company and all or part of the Group Companies to participate in the decision-making and risk management of the Group Companies.
Chief Risk Officer. The Chief Risk Officer assists the RMC in fulfilling its responsibilities and serves management and the Board of Directors through the following risk control responsibilities:
Chief Risk Officer. All direct reports to Deputy Chief Executives and General/Group Managers and all managers excluding administration support staff e.g.
Chief Risk Officer. Responsible for managing the Corporate Risk Management Department, a service provider to the Bank, which provides for oversight of risk management and analytics, and independent oversight of consumer and counterparty credit risk, market and liquidity risk, operational risk, model risk and risk arising from third party vendors. Responsible for oversight of the new initiatives program, as well as the incentive compensation program and resolution and capital planning. Also responsible for overseeing the Chief Compliance Officer and the Compliance Department, including the Compliance Department’s activities related to preventative compliance, testing, monitoring and reporting.
Chief Risk Officer. ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇. General Manager.—▇▇▇▇▇▇ ▇▇▇▇▇. Argentina and Haiti.—▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (Argentina).
Chief Risk Officer. The Chief Risk Officer assists the RMC in fulfilling its responsibilities and serves management and the Board of Directors through the following risk control responsibilities:
A. Providing risk management oversight including identifying and classifying material risks facing the company;
B. Establishing uniform standards within the Company for risk assessment and measurement, including reporting requirements and valuation techniques (excluding valuation standards of acquisitions / investments which are the responsibility of the COO / CFO);
C. Developing and implementing an effective and efficient risk control infrastructure and improving the effectiveness and efficiency of internal controls; Privileged and Confidential - 12/5/2011
D. Designing and implementing market risk and credit risk measurement methodologies, procedures, and report formats with the assistance of Front Office, Back Office and Support personnel;
E. Overseeing model development, validation and testing processes to ensure that market and credit risks are appropriately quantified;
F. Responding to risk assessment by assisting Front Office personnel in devising strategies for mitigation and/or transfer of risk;
G. Validating and approving (with assistance from third parties, if necessary) valuation models/algorithms, forward price curves, price models (where market quotes are not available) and related assumptions and providing independent valuation of Supply / Trading and Marketing activities;
H. Overseeing compliance with this Policy and related procedures and communicating any deviations and limit breaches to the RMC as appropriate;
I. Working with Trading Leaders, ensuring that appropriate immediate and short-term portfolio actions are taken in the event that a risk limit is exceeded;
J. Presenting the status of risk management and risk monitoring systems and processes to the RMC on a regular basis; and
K. Leading the risk assessment of business opportunities such as acquisitions / divestments. The Chief Risk Officer also leads the Risk Management Department (ATTACHMENT 1). This group’s primary direct risk role is for the Middle Office activities, though Insurance also reports into Risk as well as the Financial Planning and Analysis function. In addition to the ▇▇▇▇▇▇▇ organization and reporting structure, the Chief Risk Officer also has a direct reporting relationship to the Board of Directors. In this structure, the Chief Risk Officer has the ability to report any issues directly to th...
Chief Risk Officer. The Board shall direct the appointment of a chief risk officer, to be independent of other corporate responsibilities and to have duties crafted in consultation with OFHEO.
Chief Risk Officer. All direct reports to Deputy Chief Executives and General/Group Managers and all managers excluding administration support staff e.g. Personal Assistants All managers below this level who hold financial and/or Human Resources delegations except for front line supervisors/managers within the Immigration New Zealand group Human Resources employees in advisory roles Any legal position which provides internal advice on employment related matters Employees engaged on a casual basis Note: The parties agree to review coverage for Team Leaders / Supervisors with the potential to include Team Leaders / Supervisors under coverage, our aim is to review this prior to 30 November 2018 with a view to raising a variation if appropriate. The agreed Collective Agreement between the parties is attached to and forms part of these Terms of Settlement.