Operational Risk Admission and Product Governance Committee
The Committee, aims to identify, analyze and evaluate the operational risks associated initiatives related with new business, products or services, outsourcing, process transformation and new systems ), prior to it’s launch. The Committee will give an opinion about the feasibility of the initiatives before they are materialized, as well as on their following-up. The Committee will evaluate the inherent operational risks, indicating the required controls and mitigations needed to ensure that the residual risks are within the established operational risk appetite.
The Committee's responsibilities are;
- Analyze and decide on new business, product and service offers.
- Analyze the viability of outsourcing offers and decide on outsourcing offers.
- Analyze and decide on feasibility of other offers including technological and process reengineering and vendor assessment.
- To conduct an ongoing review of each new product at least 12-month period following implementation to ensure that it has been carried out properly (in this context, the Committee shall revoke approval of a previously approved Product, or an existing product or service, or block the implementation of a Product or continued use of a Product),
- To summarize and inform on its actions and deliberations, as appropriate, to members of senior management, managers within affected business lines, Board Risk Committee and to the respective bodies of each affected Garanti BBVA entity,
- To monitor the policies, procedures, regulations and similar documents under its responsibility with respect to necessary updates, and taking action to keep them up-to-date.
In 2018, the Committee held three meetings.
M. Cüneyt Sezgin, v (Board Member), Aydın Güler (EVP), İlker Kuruöz (EVP), Aydın Düren (EVP), Osman Tüzün (EVP), Ali Temel (Chief Credit Risk Officer), Özlem Ernart (Head of Risk Management), Barış Gülcan (Director), Emre Özbek (Director), Beyza Yapıcı (Director), Murat İman (Director), Burçin Bıkmaz (Director), Osman B. Turgut (Head of Internal Audit)