Risk management.

CFR · 2024-01-01 · US · Title 12

(a) (1) Periodically assess and document the Corporation's risk profile. (2) Align the Corporation's risk profile with the board-approved risk appetite and the Corporation's operational planning strategies and objectives. (3) Specify management's authority to carry out risk management responsibilities. (4) Integrate risk management and control objectives into management goals and compensation structures. (5) Comply with all applicable FCA regulations and policies. (b) (1) The risk committee must have at least one member with an understanding of risk management commensurate with the Corporation's capital structure, risk profile, complexity, activities, size, and other appropriate risk-related factors. (2) The responsibilities of the risk committee include, but are not limited to: (i) Periodically assessing management's implementation of the enterprise-wide risk management program; (ii) Recommending changes to the risk management program to keep the program commensurate with the Corporation's capital structure, risk appetite, complexity, activities, size, and other appropriate risk-related factors; and (iii) Receiving and reviewing regular reports directly from personnel responsible for implementing the Corporation's risk management program. (c) (1) Identifying and monitoring compliance with risk limits, exposures, and controls; (2) Implementing risk management policies, procedures, and risk controls; (3) Developing appropriate processes and systems for identifying and reportin

official document · source cfr-2024 · id 12:§ 653.3