RBS 2012 Annual Report Download - page 121

RBS GROUP 2012
119
Board/Committee Risk focus Membership
Executive Risk Forum The Executive Risk Forum has full authority to act on all
material and/or enterprise-wide risk and control matters
across the Group. It approves the most material limits and
decisions above defined thresholds and delegates decisions
below these thresholds to sub-committees and appropriate
individuals. It operates under delegated authority from the
Executive Committee.
Group Chief Executive
Group Finance Director
Chief Administration Officer
Chief Executive Officers of divisions
Head of Restructuring and Risk
Deputy Group Chief Risk Officer
Group Asset and Liability
Management Committee
The Group Asset and Liability Management Committee is
responsible for identifying, managing and controlling Group
balance sheet risks in executing its business strategy. It
operates under delegated authority from the Executive Risk
Forum.
Group Finance Director
Group Treasurer
Chief Executive Officers of divisions
Head of Restructuring and Risk
Key Group Finance function heads
Chief Executive Officer, Markets, M&IB
Group Risk Committee The Group Risk Committee acts on material and/or
enterprise-wide risk and control matters across the Group. It
is an oversight committee which reviews and challenges
risks and limits across the functional areas and plays a key
role exercising and demonstrating effective risk oversight
across the Group. It reviews risks and issues on both a
thematic and specific basis and focuses on forward-looking,
emerging risks. It considers the overall risk profile across the
Group and identifies any key issues for escalation to the
Executive Risk Forum. It operates under delegated authority
from the Executive Risk Forum.
Deputy Group Chief Risk Officer
Divisional Chief Risk Officers
Key Group Risk function heads
Conduct Risk Committee The Conduct Risk Committee is responsible for the
governance, leadership and strategic oversight of the
Group’s conduct risk agenda, as well as escalating and
reporting any material or strategically significant issues or
matters to the Executive Risk Forum. It operates under
delegated authority from the Executive Risk Forum.
Head of Restructuring and Risk
Group General Counsel
Deputy Group Chief Risk Officer
Global Head of Compliance
Director, Group Regulatory Affairs
Chief Executive Officer, Wealth Management
Managing Director, Products and Marketing, UK Retail
Chief Executive Officer, Corporate Banking
Vice Chairman, RBS Citizens Financial Group
Co-Head, M&IB Americas
Director, Group Operations, Business Services
Chief Operating Officer, Ulster Bank Group
Chief Executive Officer, RBS England & Wales and
NatWest Scotland
Head of Group Internal Audit
Pension Risk Committee The Pension Risk Committee considers the Group-wide view
of pension risk appetite, mechanisms that could potentially
be used for managing risk within the funds, and implications
of the pension schemes’ financial strategy. It also reviews
actuarial funding assumptions from a Group perspective as
appropriate. The Pension Risk Committee consults with the
Trustee’s Investment Executive where necessary. The
Pension Risk Committee operates under delegated authority
from the Group Asset and Liability Management Committee.
Group Finance Director
Head of Restructuring and Risk
Group Treasurer
Global Head of Market and Insurance Risk
Group Chief Accountant
Chief Executive Officer, Markets, M&IB
Global Head of Markets, M&IB
Group Head of Pension Risk
Deputy Group Chief Risk Officer
Head of Group Pensions