Managing Our Risks

SANASA Development Bank’s approach to risk management is based on policy frameworks approved by the Board of Directors, governance structures, and tools and techniques to identify, measure, mitigate and manage all risk exposures.

The Board of Directors has the ultimate responsibility to manage risk. It formulates policy and sets the risk parameters. The Board Integrated Risk Management Committee (BIRMC) assists the Board of Directors in this regard.

The responsibility for implementing the risk management framework lies with the Executive Integrated Risk Management Committee (EIRMC) who review the Bank’s credit, market, liquidity and operational risk indicators as well as its internal capital adequacy levels.

The Chief Risk Officer has a triple reporting responsibility to the EIRMC, the Operational Risk Management Committee and the BIRMC.

The above Committees and Organisation Structure is limited only to Risk and related areas.