Risk managers can presume to quickly climb up the business ladder to administration level as they can become expert within a definite area.

1. Role and Responsibility of Risk
Manager-Shimon Yelinek
Risk Manager
Risk managers work with companies to evaluate and recognize the
potential risks that may obstruct the reputation, safety, security and
financial success of their organization. Shimon Yelinek thinks risk
manager career is highly logical. This process involves inspecting
records, statistics, reports and market trends.
Risk Manager Tasks
Shimon Yelinek says risk managers can presume to quickly climb up
the business ladder to administration level as they can become expert
within a definite area. For particular risk managers who want to keep
their experience base inclusive across a range of risk functions, risk is
still a expansion area and at the front position of financial services
enrollment.
• Market Risk - are easily moved, often through exchange and other
copied products.
• Operating Risk - can be reduced through protection, diversity and
internal controls.
• Credit Risk - credit risk, is primarily the business of banking and
is an activity which most banks see as their principal ruthless
advantage.

2. ROLES:
1 To evaluate the Company’s risk profile and key
areas of risk in certain.
2 To endorse the Board and adoption of risk
judgment and rating strategy.
3 To eloquent the Company’s policy for the
supervision and management of business risks.
4 To inspect and determine the plenty of the
Company’s internal processes for reporting on and
managing key risk areas.
5 To assess and recommend the Board acceptable
levels of risk.
6 To develop and implement a risk management
structure and inner control system.
7 To analyze the nature and level of insurance
report.

3. 8 To have particular investigations into areas of
corporate risk and failures in internal control.
9 To analyze management’s reaction to the
Company’s auditors’ guidance those are adopted.
10 To describe the trends on the Company’s risk
profile, details on specific risks and the position of
the risk management process.
RESPONSIBILITY:
1 To define the risk ardor of the organization.
2 To exercise mistake of management’s
responsibilities, and review the risk outline of the
organization to make sure that risk is not higher
than the risk appetite determined by the board.
3 To protect that the Company is taking suitable
measures to achieve sensible balance between
risk and reward in both ongoing and new business
activities.

4. 4 To encourage the Board in setting risk
approaches, policies, frameworks, models and
procedures in liaison with management
5 To review and estimate the quality, probity and
effectiveness of the risk management systems and
ensure that the risk policies and strategies are
successfully managed.
6 To review and evaluate the nature, role,
responsibility and authority of the risk management
function within the Company and precise the extent
of risk management work.
7 To ensure that the Company has applied an
effective ongoing process to pinpoint risk, to
measure its potential effect against a broad set of
assumptions and
8 To ensure that a organized, documented
judgment of the processes and outcomes
surrounding key risks is accepted at least annually
for the motive of making its public statement on risk
management including internal control.
9 To oversee conventional reviews of activities
related with the success of risk management and
internal control processes. A comprehensive
system of control should be confirmed to ensure

5. that risks are diminished and that the company’s
objectives are procured.
10 To review processes and procedures to ensure
the advantage of internal systems of control
Shimon Yelinek ensures subject capability and
accuracy of reporting and financial results at an
optimal level.
11 To observe external developments relating to
the practice of corporate liability and the reporting
of correctly associated risk, including emerging and
potential impacts.
12 To provide an independent and objective
mistake and view of the information conferred by
the management on corporate responsibility and
specifically associated risk

6. 13 To review the risk comportment capacity of the
company in light of withhold, insurance coverage,
assurance funds or other such financial structures.
14 To attain its legal, fiduciary and managerial
responsibilities.
15 To ensure that the risk recognition culture is
prevalent throughout the organization.
16 To review issues constructed by Internal Audit
that influence the risk management framework.
17 To ensure that framework, resources and
systems are in place for risk management is
requisite to maintain a satisfactory level of risk
management discipline.
18 The Board intends review the performance of
the risk management committee per annum.
19 Shimon Yelinek perform additional activities
related to risk management as solicited by the
Board of Directors to address subjects related to
any noteworthy subject in its term of reference.