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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 management function into the broader strategic objectives of the firm.
 
One of the most prominent changes that have occurred involves the scope of risks addressed and the increased sophistication of financing methods utilized by risk managers. However, the broadening scope of risk management also has been accompanied by an evolution in the role that risk communication plays relative to the past.
 
Risk communication remains vital to a successful risk management program which is evident seeing the growing number of stakeholders. Not only have the quantity of information, the quality of information, and the parties involved in communication changed, but there is a general recognition that risk communication itself is an important tool in effectively managing risk.
 
As newer risk-financing options are being developed, the risk management function also is being transformed into a more collaborated approach with other management functions within the firm. Increased regulations over risk management expanded the need to coordinate with corporate counsel. The public’s demand for more direct communications regarding such risks as defective products, professional malpractice, and environmental damage increased the importance of coordination with marketing and public relations functions. Also, the greater sophistication in risk-financing inst本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。