You asked for it.

http://www.bankersonline.com/forum/ubbth...ge=1#Post803050

Start your risk postings here.

I know I did not vote for this forum, but I'm glad to see it.

Yeah !!!

Once again BOL comes thru.

Okayy! I'll be the first to post a question or two.

Is it normal practice to have a charter or policy governing risk management's activities?

What are two common functions found in today's RM department?

We didn't - - - because there were policies governing each entity within Risk Management. There was a charter/policy for Internal Audit, a Compliance Mgmt Program, Loan Review charter and policy etc. The downside was that w/o a charter, we were inundated with all kinds of new tasks. "Well, this involves risk, so....." Hello...what in the bank doesn't involve risk?

Getting your charter, direction from the board, outline of responsibilities and the like - - all upfront - - will be a plus.

Did you manage to develope a Charter? If so would you share. I'm our newly assigned Bank Risk Officer.

Check out bank websites. Their various committee charters are often under investor relations.

Google came up with a bunch of stuff, too:

http://www.google.com/search?hl=en&q=%22Risk+management+charter%22&btnG=Search