BAS Presentations - March 2023

Risk Management

The framework established by management to identify and mitigate risk at the institution.

Board and Senior Management Oversight

Policies, Procedures, and Limits

Risk Measurement, Monitoring, and Reporting

Internal Controls

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Board and Senior Management Oversight Approve overall business strategies and significant policies. • Short and long term strategic plans • Budget for financial performance Develop risk limits and tolerances. • Ability to identify, measure, monitor, and mitigate risk.

Monitor the performance of the bank. • Variance reports

Responsiveness to recommendations and changes. • Examination and audit findings • How does management plan for changes (economical, regulatory)?

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