Corporate Governance

Risk Management Committee

 

FUNCTIONS:

  • Is responsible for the development and oversight of the risk management program of the Bank. ▪ Is responsible for approving risk appetite levels, policies, risk tolerance limits. It defines the appropriate strategies for identifying, quantifying, managing and controlling risk exposures including preventing and/or minimizing the impact of losses when they occur.
  • Oversees the implementation and review of the risk management plan on an enterprise-wide basis including the system of limits of discretionary authority delegated by the Board of Directors to management and ensures immediate corrective actions when limits are breached.
  • Is also responsible for evaluating the continued relevance, comprehensiveness and effectiveness of the risk management framework.
  • Works with the Audit Committee in certifying in the Annual Report the adequacy of the Bank’s internal control and risk management systems.

 

 

Chairman:

Vicente S. Pèrez, Jr.

Independent Director

Members:

Dioscoro I. Ramos

Lead Independent Director

 

Nestor V. Tan

Executive Director

 

Advisors:

Christopher A. Bell-Knight

 

Jones M. Castro, Jr.

 

Vipul Bhagat

(Independent Advisor)