Risk Division

The Risk Division’s primary role is to establish a risk management system and to contribute to the development of the Group’s businesses and profitability. In exercising its functions, it reconciles independence from and close cooperation with the business lines which are first and foremost responsible for the transactions they initiate.
Accordingly, the Risk Division is responsible for:
  • the hierarchical and functional supervision of the Group’s Risk structure;
  • identifying the risks borne by the Group;
  • putting into practice a governance and monitoring system for these risks, including cross-business risks, and regularly reporting on their type and scope to the General Management, the Board of Directors and the banking supervisory authorities;
  • contributing to the definition of risk policy, taking into account the aims of the business lines and the corresponding risks;
  • defining or validating risk analysis, assessment, approval and monitoring methods and procedures;
  • validating the transactions and limits proposed by the business managers;
  • defining the risk monitoring information system, and ensuring its suitability for the needs of the core businesses and its consistency with the Group’s information system.
Against the backdrop of the financial crisis and in order to comply with changes to the Group, the Risk Division has pursued its reorganisation, with the main goals of:
  • developing an overview of market risks by business line and risk factor, and adapting the market risk monitoring system to the changes in the environment and the Group’s needs,
  • aligning the distribution of roles between the Risk Division and International Retail Banking business line with existing practices in other business divisions,
  • bringing together all of the Risk Division’s economists (teams dedicated to economic research and scenarios covering developed and emerging countries),
  • continuing to regroup project management teams within two Risk Division departments: Architecture, Processes and Systems for issues linked to the information systems and the Corporate Secretariat and Resources for other issues.