PA - Banco Security

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C.Operational Risk Committes
Participants in the Operational Risk Committee
The Operational Risk Committee includes the Chief Executive Officer or a member of the Board of Directors of Banco Security and
its subsidiaries, the Operations and Technology Manager, the Risk Control Manager, a Representative of Legal Counsel, the Operations
Manager of Fondos Mutuos y Valores Security, the Information Security Officer, the Bank’s Risk Division Manager and the Operational
Risk Assistant Manager.
Group Security’s Controller should attend the meetings of such committee, but has no responsibilities with respect to risk
management. The Controller should monitor that possible corrective measurements are in accordance with the observations made
to the audited areas.
Issues to Be Covered
The committee is also responsible for disseminating the operational risk policy, assessing risks identified and defining action plans
in accordance with the Bank’s risk profile.
Timing
The Operational Risk Committee will hold meetings regularly, preferably every two months or as required.
Interaction with the Board of Directors
El Directorio está informado respecto de la implementación de la Política de Riesgo Operacional, así como también a la detección
de incidentes, riesgos potenciales y mediciones asociados a riesgos operacionales en cuanto a su severidad y frecuencia de pérdida.
D. Assets and Liabilities Committee
This committee is responsible for the management of and control over (1) the Bank’s structure matches in terms and currencies in
the statement of financial position, (2) liquidity and (3) financial margin, monitoring the Bank’s stabilization, and (4) the definition
of and control over capital management policies.
The permanent members of this committee are:
• Chairman: Francisco Silva S.
• Director: Renato Peñafiel M.
• Chief Executive Officer: Ramón Eluchans O.
• Finance and Corporate Division Manager: Nicolás Ugarte B.
• Risk Division Manager: José Miguel Bulnes Z.
• Financial Risk Control Manager: Antonio Alonso M.
• Planning and Management Manager: Manuel Widow L.
• Trading and Investments Desk Manager: Cristian Pinto M.
• Distribution Desk Manager: Sergio Bonilla B.
• Balance Desk Manager: Ricardo Turner O.
• Wholesale Banking Division Manager: Christian Sinclair M.
• Retail Banking Division Manager: Gonzalo Baraona B.
• Business Manager of Comex and International Services: Miguel Ángel Delpin A.