Banking Services - DenizBank

More documents

Recommendations

Info

Section III Financial Information and Risk Management Internal Audit, Internal Control, Compliance and Risk Management Systems The activities, duties and responsibilities of DenizBank’s internal audit, internal control, compliance and risk management functions are all segregated. These activities are conducted by Audit Department, Internal Control and Compliance Center and Risk Management Group in accord with internationally accepted audit standards, domestic regulations as well as the needs of the Bank and the Group. All of these units report to a Board Member who is also a member of the Audit Committee. Audit Department Internal audit activities are performed by auditors. Auditors are organized as an independent department called the Audit Department. The candidates who are chosen to be employed in the Audit Department are selected after a stringent recruitment process including written and oral exams as well as competency and job adequacy profile tests. Selected candidates receive inhouse training for six months. Promotions are made based on examinations and performance. The Audit Department performs its internal audit functions with four divisions. Its responsibilities consist of: 1- Audit of Head Office Processes and Subsidiaries Auditing the activities conducted by Head Office units and subsidiaries, sharing findings with relevant departments and monitoring results; 2- Branch Audits and Investigations Auditing branch activities in coordination with Internal Control Department, sharing the findings with the related branches and Head Office units and monitoring the results; Conducting investigations and/or interrogations to discover the reasons and people responsible for Bank losses notified by the relevant department and managers to Audit Department and to remove the problem; 3- Audit of Information System Processes Conducting audits for the assessment of the software and hardware, information system processes, information systems and processes used in the production of financial data and relevant internal controls used by the DFSG; 4- Methodology, Planning and Reporting Making necessary plans and arrangements regarding DFSG internal audit activities, contributing to the determination of best tools and best methods and generating necessary reports within the framework of the authorities delegated by the General Auditor. The audit team employed 67 auditors as of the end of 2009 to be able to conduct periodic audits in all branches, the Head Office and subsidiaries. In addition, the auditors carry out joint audit activities with the auditors of the Dexia Group. Audit plans are drafted based on the risk analyses performed by the Audit Department. Internal Control and Compliance Center The Internal Control and Compliance Center directly reports to the Board of Directors. The Center conducted its activities in three main areas in 2009. 1. Internal Control Activities The Internal Control Center conducted its second-level controls in 2009 in order to test the reliability of the Bank’s financial data and oversee the compliance of the Bank’s activities with laws and rules through the departments listed below: • Branches Financial Control Department, • Branches Internal Control Department, • Treasury Control Department, • Basic Controls and Support Department, • IT Control Department, • Loans and Credit Cards Department 66 «« CONTENTS
DenizBank Financial Services Group Annual Report 2009 2. Compliance Activities Compliance activities were carried out by three departments in 2009. The Corporate Compliance Department sets the main compliance rules and establishes the coordination with subsidiaries in compliance matters. AML Department prevents money laundering and financing of terrorism; it detects and monitors suspicious transactions and brings them to the attention of public authorities. The Regulation Department monitors the changes in regulations, shares them with the organization and keeps the Bank’s relevant departments of them so that they will comply with the amendments. 3. Operational Risk Management Activities The Department was established in 2008 to ensure the flawless and efficient implementation of processes throughout DFSG. It is responsible for identification, measurement, monitoring and management of operational risks. Risk Management Group DenizBank’s Risk Management Group is responsible for the creation, audit and reporting of necessary policies and implementation procedures to identify, measure, analyze and monitor risks within the framework of the principles determined by the Bank’s senior management and Risk Management Group and approved by the Board of Directors. The Group periodically reports all risk analyses that provide guidance to the Audit Committee and the Assets and Liabilities Committee to determine and monitor risk limits and develop risk management strategies. Monitoring, analysis, assessment and modeling of credit risk are conducted by the credit allocation departments of the relevant groups, the Credit Committee, the Risk Committee and the Risk Management Group. Results pertaining to credit risk are reported to the Board of Directors. «« CONTENTS 67
Page 2 and 3:
Contents Section I Introduction 1.
Page 4 and 5:
Section I Introduction Ordinary Gen
Page 6 and 7:
Section I Introduction Compliance O
Page 8 and 9:
Section I Introduction 2009 at a Gl
Page 10 and 11:
Section I Introduction 2009 at a Gl
Page 12 and 13:
Section I Introduction DenizBank in
Page 14 and 15:
Section I Introduction Message from
Page 16 and 17:
Section I Introduction Message from
Page 18 and 19: Section I Introduction Message from
Page 20 and 21: Section I Introduction Message from
Page 22 and 23: Section I Introduction IN HER 12 TH
Page 24 and 25: Section I Introduction Banking Serv
Page 36 and 37: Section I Introduction Investment B
Page 38 and 39: Section I Introduction Leasing and
Page 40 and 41: Section I Introduction Information
Page 42 and 43: Section II Management and Corporate
Page 66 and 67: Section III Financial Information a
Page 75: Consolidated Financial Statements a
Page 78 and 79: The consolidated financial report p
Page 80 and 81: Section IV Independent Audit Report
Page 118 and 119:
Section IV Independent Audit Report
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Directory HEAD OFFICE Büyükdere C
Page 174 and 175:
Adresler Lara Özgürlük Bulvarı
Page 176 and 177:
Adresler Dağkapı İnönü Cad. No
Page 178 and 179:
Adresler Beşiktaş Barbaros Bulvar
Page 180 and 181:
Adresler Mimaroba Batıköy Mah. Mu
Page 182 and 183:
Adresler KAHRAMANMARAŞ Elbistan G
Page 184 and 185:
Adresler Gölköy Gölköy Mah. M.
show all

Banking Services - DenizBank

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?