Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

3. Board Structure and Practices Risk Committee – Responsibilities • Advise Board • Oversee RAS implementation • Report on risk culture • CRO oversight • Capital & liquidity management • Oversee risks • Work with Audit Committee • Evaluate risk governance framework

Internal Use Only

3. Board Structure and Practices Compensation Committee • Larger companies • Oversee remuneration system • Independent directors • Ensure payments are appropriate