Risk Management Committee

Committee roles and responsibilities


The Risk Management committee is tasked with nurturing a culture of risk management across the enterprise. It proposes guidelines and regularly reviews risk management structures, metrics, limits, and issues across the Bank, in order to meet and comply with regulatory and international standards on risk measurement and management. It also supports technology and training for key personnel in risk management.



Committee Composition (Current)


Chairman Eli M. Remolona, Jr.
Independent Director
Member

Octavio Victor R. Espiritu
Non-Executive Director

Cezar P. Consing
Non-Executive Director
Cesar V. Purisima
Independent Director
Janet Guat Har Ang2
Independent Director

Effective April 22, 2021

2Effective May 19, 2021


During 2020, the committee members attended meetings as set out in the following table:

OfficeName of DirectorDate of Appointment  No. of Meetings Held1%
 Chairman (ID) Octavio Victor R. Espiritu15-May-0013/13* 100%
 Member (NED) Aurelio R. Montinola III 07-Apr-05 12/13*92%
 Member (ID) Eli M. Remolona, Jr.25-Apr-1913/13*100%

1 For the period of 01 January to 31 December 2020
*Includes Joint BPI & BFB AuditCom & RMCom Meeting



Committee Performance


As part of the annual Board effectiveness review, a separate exercise was conducted to assess the Committee’s 2020 performance. The survey found the Committee to have performed its duties and responsibilities effectively. 


Committee Charter


Click here to read the Risk Management Committee charter.