The department keeps a close watch on developments in risk profile of the Company, ensures timely assessment and reporting of major risk factors to senior management and Board of Directors and devises mitigating measures for arriving at a feasible risk return trade-off.

Middle Office & Operational Risk Department

The department keeps a close watch on developments in risk profile of the Company, ensures timely assessment and reporting of major risk factors to senior management and Board of Directors and devises mitigating measures for arriving at a feasible risk return trade-off. The department is responsible for integrated monitoring and reporting of market risk arising from corporate banking, treasury and equity desks of the Company. Liquidity Monitoring also falls within ambit of MOOR. Further, it is responsible for development and implementation of Operational Risk Framework within the Company. The function strictly tracks adherence to policies and procedures in line with both internal and regulatory requirements. It is also responsible for periodic review of risk policies relating to Market, Liquidity and Operational Risk.