SAARC FINANCE, REGIONAL SEMINAR, ISLAMABAD
Credit Risk Management Framework
          Board of Directors
Ultimately responsible for Risk Management
Elements of risk management system
Specialized Board Committees
Board Risk Management Committee
Responsible for high level oversight of risk management
Credit Committee
Operational Risk Committee
(ORC)
Credit Risk Committee
(CRC)
Senior Management
Responsible for execution of strategies and overseeing  risk management
Branches / Business Units Activities
Responsible for compliance with bank and regularity policies, procedures & limits
(Front Office)
•Credit Risk
•Operational Risk
•Other Risks
Risk Management Unit
Responsible for day-to day risk management
(Middle Office)
•Risk Policies and Risk Appetite.
•Risk Assessment
•Risk Control & Monitoring
Compliance Unit
Responsible for internal & regulatory compliance
Internal Audit
Responsible for independent checking and reporting to BOD
First Line of Defence
Second Line of Defence
Third Line of Defence
Board Audit Committee
Responsible for day-to–day risk management operations
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