Risk Management Framework @ DCB Bank

The ultimate goal of risk management is to identify, document, prioritize, and mitigate risks in a timely manner. Risks can mainly be categorized into two-Positive Risks/opportunities and Negative Risks (events hindering entity's growth). It is responsibility of every employee of an organization to ensure risks are identified promptly, ascertain their probability of occurrence, and determine the impact on the entity.

At DCB Bank, against the background of Pillar 3 Disclosures Under The New Capital Adequacy Framework (BASEL III), it is illustrated how different risk management committees such as Risk management Committee of the Board, Credit Risk management Committee, Asset Liability Committee and Operational Risk Management Committee under the direct supervision of thetop management support and commit the organization to the risk management framework to maximize its potency. Also A few effective risk management strategies recently deployed at DCB Bank were discussed how to set the tone at the top level, properly manage controls, ensure staff adherence to risk management policies, establish organization's attitude towards risk, and provide proper training to the staff for early identification of risks.