Coca Cola Evaluation
- Submitted by: aravindmatrix
- Views: 1181
- Category: Other
- Date Submitted: 06/13/2011 12:25 AM
- Pages: 10
- Report this Essay
Risk Management Techniques
Introduction
In a growing turbulent business environment, managing risks which are termed as ‘future losses’ remain critically important. As a Risk Manager my duties towards the bank are to minimize the potential losses or risks involved in day to day transactions. The critical factors would be to measure and monitor risk across all portfolios of the Bank while working in tandem with the Asset / Fund Managers and Client Account Managers to enhance the knowledge base of the bank updated with daily activities.
Key functions and role of a Risk Manager includes:
• Enhancing Bank’s wide framework for measuring, monitoring and evaluating the credit, operational and market risks.
• Ensuring consistency of risk policies across the Bank management.
• Execution of the decisions made by the risk management functions.
• Effectively monitor and report the risk exposure to risk committees and senior management
• To oversee the due diligence team which evaluates the credit applications of business departments and ensure the efficient and sound credit approval process.
Commercial banks are predominantly in the risk business. Whilst providing financial services, they face various kinds of financial risks. Market players seek the services of these banks because of their ability to provide funding, market knowledge and expertise. They generally act as a principal in the transaction as their own balance sheet is used to facilitate the transaction and risks. However the bank is not always responsible for these risks and mitigates the risk by restricted business practices and involving third parties.
Risk management has evolved gradually with dramatic changes in the communication channels required to effectively manage the constant changing risks a firm faces. Risk management as it exists today is distinctly different from a decade ago, it has progressed from dealing primarily with risks inside a company to an approach that integrates the risk...
Introduction
In a growing turbulent business environment, managing risks which are termed as ‘future losses’ remain critically important. As a Risk Manager my duties towards the bank are to minimize the potential losses or risks involved in day to day transactions. The critical factors would be to measure and monitor risk across all portfolios of the Bank while working in tandem with the Asset / Fund Managers and Client Account Managers to enhance the knowledge base of the bank updated with daily activities.
Key functions and role of a Risk Manager includes:
• Enhancing Bank’s wide framework for measuring, monitoring and evaluating the credit, operational and market risks.
• Ensuring consistency of risk policies across the Bank management.
• Execution of the decisions made by the risk management functions.
• Effectively monitor and report the risk exposure to risk committees and senior management
• To oversee the due diligence team which evaluates the credit applications of business departments and ensure the efficient and sound credit approval process.
Commercial banks are predominantly in the risk business. Whilst providing financial services, they face various kinds of financial risks. Market players seek the services of these banks because of their ability to provide funding, market knowledge and expertise. They generally act as a principal in the transaction as their own balance sheet is used to facilitate the transaction and risks. However the bank is not always responsible for these risks and mitigates the risk by restricted business practices and involving third parties.
Risk management has evolved gradually with dramatic changes in the communication channels required to effectively manage the constant changing risks a firm faces. Risk management as it exists today is distinctly different from a decade ago, it has progressed from dealing primarily with risks inside a company to an approach that integrates the risk...