AYA Bank acknowledges the critical need for an effective risk management system to address potential threats to its operations. It adopts a risk management policy, demonstrating its cognizance of the importance of instituting an Enterprise Risk Management (ERM) strategy.
The Bank's Board is dedicated to allocating adequate personnel and resources to guarantee the successful execution of this ERM program. AYA Bank will uphold an ERM policy and framework that unifies various risk aspects. This ERM policy is not meant to supersede existing risk and compliance initiatives, but rather aims to act as a consolidated umbrella for all the risk management programs already established.
Risk Management Framework
AYA Bank has designed an Enterprise Risk Management Framework that adheres to the standards of the Risk Management Guidelines set by the Central Bank of Myanmar (CBM).
Risk Management Control
Effective risk management is fundamentally reliant on competent management and staff. It's crucial that personnel comprehend the Bank's mission, risk appetite, core values, policies, and processes.
The Credit Department within the Risk Management Unit is responsible for the comprehensive management of credit risk. This department drafts and administers credit policies, the internal rating system, credit authority guidelines, credit application guidelines, manages nonperforming loans (NPLs) and other aspects of credit portfolio management.
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