Annual Report - Ahli United Bank

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Annual Report - Ahli United Bank

Pillar III Disclosures - Basel II (Contd.)2. GROUP RISK GOVERNANCE STRUCTURERisk GovernanceThe AUB Group Board seeks to optimise the Bank’s performance by enabling the various group business units to realize the Group’sbusiness strategy and meet agreed business performance targets by operating within the agreed capital and risk parameters andGroup risk policy framework.AUB Group Risk Governance StructureAUB Group BoardGroupExecutiveCommitteeGroup Asset& LiabilityCommitteeGroup RiskCommitteeGroup ChiefExecutive &MDCompensationCommitteeGroup Audit& ComplianceCommitteeDeputy GroupCEO Risk, Legal &ComplianceGroup Head ofAuditGroup Head ofRisk ManagmentGroup Head ofCredit RiskGroup Head ofComplianceSharia’a Advisory &Supervisory BoardHead ofSpecial AssetsHead ofMarket RiskHead ofOperational RiskHead ofCredit RiskSharia’a ComplianceOfficerThe Board approves the risk appetite and the Group Risk Committee monitors the Group’s risk profile against this appetite.The Deputy Group CEO – Risk, Legal and Compliance under the delegated authority of the Group CEO & MD, supported by theGroup Head of Risk Management and the Group Head of Credit Risk have responsibility for ensuring effective risk management andcontrol. Within Group Risk Management specialist risk-type Heads and their teams are responsible for risk oversight and establishingappropriate risk control frameworks.Internal Audit is responsible for the independent review of risk management and the Group’s risk control environment.The Board and its Executive Committee receive quarterly risk updates including detailed Risk Exposures Analysis reports.The Board approves all risk policies as well as the the Group risk profile and control framework at least annually.The Group Audit Committee considers the adequacy and effectiveness of the Group risk control framework and receives quarterlyupdates on any control issues, impairment provisions, regulatory and compliance related issues.Systems and procedures are in place to identify, control and report on all major risks.106 AUB Annual Report 2009

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