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Risk Management

BAAC recognizes that risk management is the cornerstone of banking business. Thus, a system of Enterprise Risk Management: ERM is adopted in order to support its operation to reach the goal as well as to add value to the organization and to strengthen good governance to build up confidence among customers and stakeholders. BAAC follows guidelines of the Bank of Thailand, Ministry of Finance, and the Auditor General Committee as a direction of work.

1. The main strategies for BAAC risk management

(1) Applying a standard of risk management which is appropriate to BAAC mission and activities

(2) Taking advantage of risk management to create business opportunities, value creation, risk diversification, and loss reduction of the organization with the development of risk management systems in line with the changing environment and development of a business continuity management system to any events which may lead to disruption in normal operations.

(3) Risk management is the responsibility of the Board of Members, Executives, and the entire employees. They must be aware of risk management and adopt it as their corporate culture.

(4) Developing of human resources and risk management tools continuously and make them up to date in order to become a professional in risk management at acceptable level which can respond to the success of the bank including take care of social and environment.

2. Risk management systems and structure

(1) To provide a suitable structure to facilitate the operation by allowing BAAC Board Members to play a key role in determining policy and risk ceiling as well as monitor the adequacy of the risk management system . Risk Management Committee consists of representatives from Board Members and Senior Executives who review of risk factors, strategies and risk management plans and monitoring the risk at acceptable levels. All departments are assigned to be responsible for risk management.

(2) The risk management department is responsible for integrating risk management and internal control of every department in order to meet the goal.

(3) To provide risk management and internal control system ranging from review of the goals to objectives and policy of the bank in accordance with its operating environment, mission and government policies. Identified a significant risk to the operation, assessed level of risk monitored for risk management to meet the goal as determined by Board Member.

(4) To report all aspects of risks that related stakeholders in order to deal with them in time

(5) To communicate with employees at all levels throughout the organization to build up understanding which we believe that the success factors of risk management come from awareness of the entire staff.

3. Risk Management Tools

BAAC manages its systems and risk assessment tools efficiently and continues develop those tools such as;

• BRMS systems and Balance Score Card (BSC) in term of strategy.

• Credit Risk Assessment System (Credit Scoring) and portfolio management (Credit Portfolio Management).

• Early Warning System

• Financial Risk Management System, in terms of the volatility of interest rates, exchange rate, adequacy of operation fund.

• Control Self Assessment (CSA).

• Loss Data System

• IT Good Governance & Security

• Business Continuity Management

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