{"id":1462,"date":"2025-08-07T23:24:57","date_gmt":"2025-08-07T23:24:57","guid":{"rendered":"https:\/\/www.hfc.com.fj\/?page_id=1462"},"modified":"2026-01-29T09:38:16","modified_gmt":"2026-01-28T21:38:16","slug":"risk-management-2","status":"publish","type":"page","link":"https:\/\/www.hfc.com.fj\/index.php\/risk-management-2\/","title":{"rendered":"Risk Management"},"content":{"rendered":"

[vc_section full_width=”stretch_row” el_class=”grad1″ css=”.vc_custom_1755051713395{margin-top: 40px !important;padding-bottom: 30px !important;}”][vc_row][vc_column][vc_column_text css=””]\"\"<\/p>\n

RISK MANAGEMENT<\/span><\/h2>\n

[\/vc_column_text][vc_column_text css=””]We strongly believe that sound and effective governance, Risk Management principles and Internal Control play a very significant role in meeting the desired stakeholders\u2019 expectations and driving a strong risk culture. In the idea of putting \u2018customer first\u2019 we will ensure that healthy and stable operational activities of HFC Bank are always balanced and transparent with sound and effective Governance, Risk Management and Internal Controls to drive HFC Bank\u2019s core values.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=””]<\/p>\n

RISK MANAGEMENT OBJECTIVES<\/h3>\n

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    \n
  • Create and maintain organizational culture emphasizing the \u201cRisk\u201d orientated environment;<\/li>\n
  • Advocate effective high standard of ethical and prudential behavior at all levels of HFC Bank;<\/li>\n
  • Promote risk based culture both through actions and words while conducting the business of HFC Bank;<\/li>\n
  • Ensure all applicable risks are managed within the Board approval risk appetite;<\/li>\n
  • Prioritise Risk Management activities of HFC Bank which is driven through embedment of the Bank\u2019s policies and procedures;<\/li>\n
  • Enhance the internal control mechanisms in meeting stakeholders\u2019 expectations.<\/li>\n<\/ul>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=””]<\/p>\n

    BEST PRACTICES OF RISK MANAGEMENT<\/h3>\n

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    \"\"<\/div>

    Control Environment<\/h4>
    Ensuring that Risk Management philosophy, culture and ethics at all levels of business of HFC Bank are created and maintained.<\/div><\/div><\/div>\n[\/vc_column_inner][vc_column_inner width=”1\/3″]
    \"\"<\/div>

    RISK Assessment<\/h4>
    Identifying the inherent risks at all levels of businesses of HFC Bank and manage, and establish risk measurement and management practices that are appropriate.<\/div><\/div><\/div>\n[\/vc_column_inner][vc_column_inner width=”1\/3″]
    \"\"<\/div>

    Control Activities<\/h4>
    Establishing and maintaining controls at all levels of business of HFC Bank to ensure that we are effective in achieving the organization\u2019s profit and other objectives, based on a designated level of risks and Board approved tolerance limit.<\/div><\/div><\/div>\n[\/vc_column_inner][\/vc_row_inner][vc_row_inner gap=”35″][vc_column_inner width=”1\/3″]
    \"\"<\/div>

    Monitoring and Communication<\/h4>
    Ensuring that monitoring and compliance aspect of information required to achieve the organization\u2019s control objectives are accumulated in a management information system and communicated effectively at all levels of businesses of HFC Bank.<\/div><\/div><\/div>\n[\/vc_column_inner][vc_column_inner width=”1\/3″]
    \"\"<\/div>

    Accountability<\/h4>
    Ensuring that all levels of businesses within HFC Bank, risk associated with processes, plans, programs and operations are explicitly understood, and that investment in risk management measures and stakeholders\u2019 interests are optimally balanced with transparency and accountability of the actions and activities.<\/div><\/div><\/div>\n[\/vc_column_inner][vc_column_inner width=”1\/3″]
    \"\"<\/div>

    Commitments<\/h4>
    Being committed in meeting the stakeholders\u2019 expectations in enhancing the Risk Management discipline at all levels of businesses of HFC Bank by reinforcing strong Risk and Compliance culture with adequate training and development that would foster sound Risk Management practices.<\/div><\/div><\/div>\n[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][\/vc_section]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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