Enterprise Risk Management including providing the functions typically provided by a chief risk officer; risk modeling; asset-liability matching; regulatory filings and risk framework services such as governance, strategy, policies and procedures for risk identification, monitoring, prioritization, measurement and management. These services will be provided by PNX.
Enterprise Risk Management. (1) Within two hundred and seventy (270) days, the Board shall develop, implement, and thereafter ensure Bank adherence to an enterprise risk management program to include, at a minimum, the following:
Enterprise Risk Management. (1) Within sixty (60) days, the Board shall develop, implement, and thereafter ensure Association adherence to a written risk management program to include, at a minimum, the following:
Enterprise Risk Management. (1) Within sixty days (60) of the date of this Agreement and annually thereafter, the Bank shall perform an annual risk assessment of the enterprise wide risks confronting the Bank, inclusive of price risk.
Enterprise Risk Management. UTC has adopted an Enterprise Risk Management ("ERM") process. Through ERM, compliance risks are identified by management and then rated and ranked by the functional departments and business units, based on a combination of a given risk's likelihood and potential impact. Although ERM is a continuous process, there is an annual cycle for structured risk reviews, discussions, and mitigation decision-making, including at operation management meetings chaired by UTC's Chairman & CEO. UTC's ERM Council meets annually to synthesize the outputs from the individual functional departments and business units. Based on its review of this consolidated data, the ERM Council then makes recommendations to UTC's Presidents Council, which includes UTC's Chairman & CEO, the Presidents ofUTC's major business units, and senior corporate staff. This information is then presented annually to UTC's Board of Directors.
Enterprise Risk Management. The Enterprise Risk Management framework adopted by the Group is a structured and disciplined approach to align its strategy, processes, people, technology and knowledge in evaluating and managing business risks. This involves updating of principal risks across all the operating divisions periodically and timely reporting of these risks to the attention of the Audit Committee and the Board. The Group has established a Risk Management Committee that comprises senior management and chaired by a Chief Risk Officer who is also the Director of Finance. The Risk Management Committee functions within the authority of the charter and the risk policy and guidelines approved by the Board.
Enterprise Risk Management. Defines the methodology for the assessment and treatment of risks associated with the loss of confidentiality, integrity, and availability of information, and define the acceptable risk level. Human Resource Security • Ensures that all workforce members are well suited for, and understand, their roles and responsibilities. • Ensures that potential workforce hires undergo background checks. • Ensures that workforce members sign non-disclosure agreements and commit to acceptable use policies. • Ensures that all workforce members are aware of, and that they fulfill, their information security responsibilities and obligations, such as adhering to OneTrust’s password policies. • Ensure that workforce members who handle personal data receive additional privacy and security training to better understand their responsibilities and obligations. These members must obtain both the Certified Information Privacy Professional/Europe (CIPP/E) and the Certified Information Privacy Manager (CIPM) certifications • Ensures that the organization’s interests are protected throughout the employment process, from pre-employment to termination.
Enterprise Risk Management
