Risk Management Committee
- H. E. Mr. Saleh Saad A. Al-Muhanna- Chairman
- H. E. Mr. Ibrahim Yusuf I. Izziddin – Member
- Mr. Riad Burhan Taher Kamal – Member
- Mr. Wahbeh Abdullah W. Tamari- Member
- The Manager of Risk Management – Member
The Risk Management Committee is comprised of three Directors and the Chairman/General Manager. It also includes three members of the executive management.
The Board reviews and approves the risk management strategies and policies of the Bank. Executive management is responsible for implementing the strategies that have been approved by the Board, and for developing the policies and procedures for managing the various types of risks.
The structure and development of a coherent and comprehensive risk management department within the Bank is to be proposed by executive management, reviewed by the Risk Management Committee, and approved by the Board.
The Bank considers that, owing to the rapid development and increasing complexity of risk management, the Risk Management Committee should keep itself fully informed of developments in the Bank’s risk management. Accordingly, the Committee makes regular reports of this to the Board.
The Board ensures that the Bank has an effective control system and is responsible to oversee its effectiveness. The Board also approves risk management policies and defines their framework.