Risk Management system

Risk Management System, Involves three line of defense:

. Risk Management System

Risk Management System, Involves three line of defense:

(a). First Line of Defense

It includes retail, corporate, and other customer-facing employees during the contracting phase of relationships and involves supporting the line of business to conduct their banking as the first line of defense.

(b). Second Line of Defense

The Risk & Compliance Function constitutes the second line of defense within the Risk Governance Structure, including Loan Review, Compliance Officers, and the Chief Credit Officer, to assess risks independently of credit risk.

(c). Third Line of Defense

It includes the internal audit team, which can be defined as risk and control self-assurance.