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.
  • Decides the insurance framework of operational risks arising from initiatives, reviews, analyzes and approves insurance policy structures.
  • 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 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.

Meeting Frequency: The Committee meets at least once every 2 months.
Number of Meetings in 2019: 4

 

Committee Members 

Member Title Committee Role
Dr. M. Cüneyt Sezgin Board Member President
Aydın Güler ALM, Capital, Investor Relations and Finance EVP Member
İlker Kuruöz Engineering and Data EVP Member
Aydın Düren Legal Services and Collection EVP Member
Osman Tüzün Human Resources and Support Services EVP Member
Ali Temel Chief Credit Risk Officer Member
Özlem Ernart Head of Risk Management Member
Barış Gülcan Internal Control SVP Member
Emre Özbek Compliance SVP Member
Murat İman Insurance and Pension Coordination SVP Member
Burçin Bıkmaz Strategic Planning and Responsible Business SVP Member
Beyza Yapıcı Intermal Capital and Operational Risk SVP Permanent Member / Committee Secretary
Osman B. Turgut Director of Internal Audit Permanent Member