Risk Management and Internal Audit

risk management

 

The Risk Management and Internal Audit departments are centralized and independent department, which reports directly to the Risk and Audit Committee.

Risk Management

The Risk Management's main tasks includes the following:

  • Preparation of the risk policies and standards.
  • Implementing the risk strategy approved by the Board of Directors, including strategic, market and operational risk.
  • Measuring and determining the list and the types of risks the company might expose to.
  • Submitting periodic reports to the Risk and Audit Committee of the Board of Directors.

Internal Audit

The Internal Audit's main tasks include the following:

  • Evaluating the internal control system of the company.
  • Reviewing and monitoring internal control system and preparing the internal control report.
  • Ensure compliance with all regulatory requirements and procedures.
  • Submitting periodic reports on internal control system to the Risk and Audit Committee of the Board of Directors.