NABARD wants con­sul­tant on risk man­age­ment

Banking Frontiers - - Project Pipeline -

NABARD is propos­ing to en­gage a con­sul­tant to help it cre­ate an En­ter­prisewide In­te­grated Risk Man­age­ment Ar­chi­tec­ture (EWIRM) in ac­cor­dance with the in­ter­na­tional best prac­tices and guide­lines of RBI on Basel I, Basel II and Basel III and im­ple­ment ‘In­te­grated Risk Man­age­ment So­lu­tion’ (IRMS) with the re­quired in­fra­struc­ture to sup­port all the busi­ness, tech­ni­cal and func­tional re­quire­ments re­lated to en­ter­prise-wide risk man­age­ment. At present, NABARD is gov­erned by BASEL-I reg­u­la­tory re­quire­ments, but it looks for­ward to meet­ing the BASEL-III norms. The con­sul­tant will as­sist the bank in a smooth mi­gra­tion to the de­sired fu­ture goal by en­sur­ing that a com­pre­hen­sive risk man­age­ment sys­tem is put in place for iden­ti­fi­ca­tion, as­sess­ment, mon­i­tor­ing and re­port­ing of en­ter­prise ar­chi­tec­ture level risks of the or­ga­ni­za­tion.

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