Annexure I

Detailed Roles and Responsibilities of the Chief Risk Officer

Credit Risk Management:

1) Responsible for Bank wide effective credit risk management and its implementation. 2) Ensure that there are adequate resources with required skills, experience and qualification. 3) Review and approval of results of credit risk management processes before its

reporting to CPC and / or board. 4) Ensure that all the reporting is done in a timely and accurate manner. 5) Ensure co-ordination between CRM Cell and various other functions /

departments in the Bank.

6) Ensure adequate training to Bank employees on areas of credit risk management through workshop, e-learning materials, induction and other ongoing training programs.

Market Risk Management:

1) Translate Market Risk Management framework established by the Board of Directors into specific policies, processes and procedures that can be implemented and verified within the different business units.

2) Clearly assign authority, responsibility and reporting relationships to encourage and maintain accountability and ensure that the necessary resources are available to manage market risk effectively.

3) Assess the appropriateness of the management oversight process in light of the risks inherent in a business units policy.

4) Ensure day-to-day activities are conducted by qualified staff with the necessary expertise, technical capabilities and access to resources and that staff responsible for monitoring and enforcing compliance are independent from the units they oversee.

5) Ensure that market risk management policy has been clearly communicated to staff at all levels that deals with market risk. 6) Give particular attention to the quality of documentation controls and transaction-handling practices.

Operational Risk Management:

1) Supervise the activities of ORM CELL for the continual implementation of effective operational risk management framework and all its components. 2) Review and approval of operational risk related policies and procedures for internal and domestic subsidiaries and overseas territories/ subsidiaries. 3) Review and approve the recommendations of the ORM CELL before submission to the Operational Risk Management Committee.

4) Assess interrelationships between Operational and other risk types. To facilitate the analysis of risks and interrelationships of risks across market, credit and operational risks.

5) Assure that line and executive management maintain an ongoing understanding of operational risks and participate in related risk management activities. 6) Ensure that operational risk management cell is appropriately staffed with requisite level of qualification, experience and skills. 7) To conduct meeting of Product and Process Approval Committee (PPAC) for approval of new / modification in product, process and systems and place the

agenda before the respective committee as under for confirmation of the approval

by Product and Process Approval Committee. 8) Credit Policy Committee (CPC) for credit risk related products. 9) Asset Liability Management Committee (ALCO) Market risk related issues

including issues related to balance sheet management. 10) Operational Risk Management Committee (ORMC) For operational risk related issues and where issues other than credit risk and market risk are involved.

Liquidity & Interest Rate Risk Management:

1) CRO would oversee the global liquidity position of the entire group of the parent entity, Bank of Baroda. 2) Supervise the activities of ALM Cell for the continual implementation of the

effective liquidity risk management framework and all of its components. 3) Review and approval of Asset Liability Management Policy 4) Review and approval of the recommendations of the ALM Cell before submission

to ALCO.

5) Assess interrelationships between market risk and other risk types. To facilitate the analysis of risks and interrelationships of risks across market, credit and operational risks.

6) Ensure that line and executive management maintain an ongoing understanding of liquidity and interest rate risks and participate in related risk management activities.

7) Ensure that ALM Cell is appropriately staffed with requisite level of qualification, experience and skills. 8) Any other roles and responsibilities that may be designated by Corporate ALCO.