Common use of Chief Risk Officer Clause in Contracts

Chief Risk Officer. The Chief Risk Officer shall be responsible for implementing the risk management framework, including the procedures, policies and controls which establish an appropriate risk management framework that, at a minimum, clearly identifies and documents the range of risks to which the Company is exposed, addresses the monitoring and management of the entirety of those risks, and provides a mechanism for internal audit. The risk management framework shall be regularly reviewed and updated as necessary. The Chief Risk Officer shall be responsible for making appropriate recommendations to the RMC or Board, as applicable, regarding the Company’s risk management functions.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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