A Study On The Effectiveness Of Comprehensive Risk Management In The Inner Mongolia Branch Of Bank A

Banking is a high-risk industry,and risk management is an important issue for the survival and development of the bank.The establishment of a comprehensive risk management system can render effective identification,measurement,monitoring and reporting of the risks encountered,thus continuously improving the risk management of the bank in the competitive market.The effectiveness evaluation of risk management is the test of the risk management.Only through the regular evaluation of the effectiveness of risk management,can risk management be continuously improved.COSO risk management framework and Basel Accord have been the two mainstream ideologies of banking risk management,and the major guiding concept and source of methods for Inner Mongolia Branch of Bank A to carry out risk management.As such,the paper takes COSO(2017)risk management framework and the third pillar of Basel Accord as the theoretical basis for the analysis.Analyzation of the current situation of comprehensive risk management of Inner Mongolia Branch of Bank A from the perspective of COSO(2017)risk management framework and the third pillar of Basel Accord renders a basic understanding of the current comprehensive risk management system and comprehensive risk management of Inner Mongolia Branch of Bank A.Based on the COSO(2017)risk management framework,the evaluation system is constructed.The five elements of COSO(2017)risk management framework are taken as the first level indicators,and the second level indicators are respectively selected as the qualitative indicators and quantitative indicators.Among them,the qualitative indicators are the 20 principles under the five elements,and the quantitative indicators are the key risk indicators that can be used for quantitative evaluation and practical application in banking.The effectiveness of comprehensive risk management of Inner Mongolia Branch of bank A is evaluated by adopting qualitative method and quantitative method.Based on the evaluation results,the problems encountered in the comprehensive risk management of Inner Mongolia Branch of Bank A is analyzed,and the following optimization suggestions are proposed: strengthen the governance and cultural construction to stimulate the core power of risk management;formulate sound strategies and objectives to enhance theforesight of risk management;establish risk performance mechanism and strengthen all-round risk prevention and control of risk management,and review and revise the risks to promote the continuous improvement of risk management;improve the ability of information communication and reporting to improve the efficiency of risk management.It is hoped that the above suggestions can improve the comprehensive risk management system of Inner Mongolia Branch of Bank A and improve the level of risk management.