Compliance Governance Structure
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Advanced Bank Management — CAIIB.
One-liners from this chapter
Free sample — 8 of 36 rapid-fire Q&A cards.
Board of Directors?
apex policy-making authority for compliance.
Audit Committee of the Board (ACB)?
Board's delegated arm that supervises compliance on a continuing basis.
Managing Director / Executive Director?
executive owner accountable for implementing the Board-approved compliance policy.
Field-level compliance setup?
Corporate-office verticals Field General Manager offices (where they exist) Regional Offices Zonal Offices Branches Overseas centres.
ACB / Audit Committee of Executives (ACE) — CCO Role / Purpose?
CCO Role: Member / Invitee; Purpose: Audit-compliance interface
Credit Risk Management Committee (CRMC) — CCO Role / Purpose?
CCO Role: Member / Invitee; Purpose: Credit risk oversight
Committee for Operational Risk Management (CORM) — CCO Role / Purpose?
CCO Role: Member / Invitee; Purpose: Operational risk oversight
Product Group Committee — CCO Role / Purpose?
CCO Role: Member / Invitee; Purpose: Compliance review of new products
PDF study notes
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