Page 88 - EXIM-Bank_Annual-Report-2022

A VISION COMMITMENT EMPOWERING ENSURING ENHANCINg FINANCIAL
86 EXIM BANK MALAYSIA ANNUAL REPORT 2022 TO SERVE TO LEAD GROWTH SUSTAINABILITY gOVERNANCE STATEMENTS 87

STATEMENT OF RISK MANAGEMENT

RISK MANAGEMENT KEY PRIORITIES FOR 2023

Key risk management priorities:

Areas Details

a. Review of Risk Conduct review based on latest Bank’s position and align it with the Corporate Strategic Plan (CSP).
Appetite Metric
The metric shall be read together with the Risk Appetite Policy document which defines the overall
governance, types and aggregate tolerance levels of risk that the Bank is willing to accept in pursuit
of its business objectives arising from the banking and insurance/ takaful activities.

This includes communication to the stakeholders, monitoring and reporting requirements.

b. Comprehensive As the comprehensive stress testing is a continuous process and assessment, Risk Management
stress test Division will strive for continuous improvement on the stress test exercise moving forward by
assessment exploring potential areas for enhancements as well as establishing linkage between stress test to
other risk tools and measurements such as ICT and risk appetite metrics.

c. Implementation Effective capital management integrated with business plan and stress test.
of the Internal
Capital Adequacy
Assessment
Process (ICAAP)
d. Risk To shift the way the Bank’s approach and manage risk from the Traditional Silo-based to Risk Analytics
transformation driven based on integrated enterprise-wide basis based on the following four (4) strategic thrusts:
programme a. Risk Portfolio Analytics & Strategy
b. Risk Advisory
c. Risk Infrastructures
d. Risk Control and Governance - Market Risk, Credit Risk and Shariah and Operational Risk