The mission of the risk management function in the Bank Millennium Group is to ensure that all risk types are managed, monitored and controlled in accordance with the accepted risk profile (risk appetite) and the character and scale of the Group's activity. Mission goals are achieved through implementation of the following activities:
- Developing risk management strategy, credit policy, processes and procedures defining the rules for accepting the permitted levels of respective risks.
- Implementing, to an increasing extent, IT tools used to identify, control and measure risk,
- Increasing awareness of responsibility for proper risk management among employees,
The initiatives undertaken by the Bank’s Group in 2015 focused mainly on activities related to further improvement of the credit risk identification, measurement, monitoring and reporting process.
Detailed information on risk management is described in the 2015 Annual Report available on the Bank's website.