Research On Risk Prevention And Control Of Z Finance Company

An enterprise group financial company is a non bank financial institution established for the purpose of providing financial services for a group company.Although the financial company belongs to non bank financial institutions,but he is the "most popular"and "most narrow" two characters,"most popular" refers to the business scope,financial business scope covering the banking,securities and insurance business,such as:for the member units of the deposit and loan business,issue financial bonds and insurance agent and so on,to provide comprehensive financial services;the "narrow" refers to the customers most narrow,financial companies can only service members of the group,to provide financial services to other enterprises or ordinary residents.At present,financial companies of enterprise groups in China is mainly responsible for the function as the four platform group,respectively "capital accumulation platform","settlement platform","capital monitoring platform" "financing platform" to strengthen the centralized management of funds,improve capital efficiency and benefit and build capital risk monitoring platform,unified financing and allocation,to provide financial services to members of the unit and other plays an irreplaceable role,is an important part of China's financial system,has an important role in the economic development of our country.Z financial company as a financial company has been established for 6 years,the business is currently in a period of rapid development,but its development is still faced with many problems,such as the income structure is relatively simple,the current interest income is still the main source of income;business development is relatively slow,the type of business is not rich,innovation consciousness is not strong,it is difficult for the group members to provide comprehensive financial services etc..With China's market-oriented interest rate and the supply side of the deepening of the reform,the problem will become increasingly prominent,such as the interest rate market will make the structure of the current situation of financial company single income,affecting the profit level;the supply side reforms will make the group members in the coal and steel industries industry facing a transition pressure,thereby affecting the to the financial business.In this context,Z financial company will be faced with various risks,such as credit risk,operational risk and liquidity risk.Causes of these risks are mainly in the following six aspects,respectively is the loan three check is not strict;the lack of effective means of guarantee;high concentration of loans,non-standard business processes,assets and liabilities maturity mismatch and deposit seasonal change is obvious.Mainly in the following five aspects of financial risk prevention and control of the Z company,respectively,the corporate governance mechanism is not perfect,including decision mechanism,risk management mechanism and evaluation mechanism;staff thought consciousness is weak,mainly including the sense of ownership,risk prevention and control consciousness and innovation consciousness;job responsibilities are not clear,including staff and post seriously,rotation is not in place,the risk department setting unreasonable and job responsibilities are not clear;the lack of financial personnel,mainly for staff recruitment is not independent and the lack of risk management personnel,lack of effective means of risk management.According to the current Z financial company the risk causes and risk prevention and control problems,this paper considers that the Z company can strengthen financial risk prevention and control from the following aspects,one is to improve the independent corporate governance of financial companies,including the introduction of independentdirector system,proper dispersion of financial company equity,re positioning of financial companies in the group's position the two is to improve the staff;job settings,including the implementation of authorization system,a reasonable set of relevant departments and personnel to implement the personnel and post rotation system,clear all departments and positions between the reporting system;three is to strengthen the system construction,including the timely revision of existing systems and strengthen the enforcement of the system;the four is to strengthen the staff recruitment and performance appraisal,including the hiring of experienced professional employees of financial institutions,optimize the assessment system;the five is to strengthen the staff training Training education;six,the introduction and use of advanced risk management tools.Through the above measures,strengthen the Z financial company risk prevention and control level,and for the same type of financial company risk prevention and control provide reference.