a. Implementation of the Compliance Exchange program, namely Integrated Compliance Unit on-site visits to Compliance Units in Financial Service Institution Members of the BRI Financial Conglomerate and/or vice versa in order to increase workers’ understanding regarding compliance practices in each Financial Service Institution industry as well as identifying improvement opportunities that can be applied to each Financial Service Institution industry. b. Submission of the Annual Report on the Implementation of Integrated Governance of the BRI Financial Conglomerate to the Financial Services Authority c. Monitoring the fulfillment of the Integrated Governance structure in accordance with regulators including the Board of Commissioners, Directors, Committees, Integrated Business Unit and Policies/Procedures. d. Self-Assessment Assessment of Integrated Governance in the BRI Financial Conglomerate which is carried out semi-annually and submits the report to the Financial Services Authority e. Individual and consolidated GCG Self-Assessments are carried out semi-annually. f. Submission of General Integrated Governance Policy for Financial Conglomerates to Financial Service Institution Members of the BRI Financial Conglomerate. g. Evaluation of the implementation of the Compliance Function in Financial Service Institution Members of the BRI Financial Conglomeration which is carried out every quarter with evaluation and monitoring aspects including: 1) Implementation of Good Corporate Governance. 2) Monitoring the precautionary principle. 3) Commitment management. 4) Compliance risk management. 5) Implementation of the AML CFT & Prevention of Funding for the Proliferation of Weapons of Mass Destruction Program 6) Analysis of the Impact of External Provisions. 7) Transaction/Decision Reports Containing Conflicts of Interest 8) Other aspects h. Organizing the BRI Group Compliance Forum includes socializing the implementation of the newly issued OJK Regulation. i. Measuring the level of maturity of Integrated Compliance in the BRI Financial Conglomerate. j. Implementation of BRI Group In House Training related to the implementation of AML CFT & Prevention of Funding for the Proliferation of Weapons of Mass Destruction Program 4. Implementation of Duties and Responsibilities of the Integrated Internal Audit Business Unit In encouraging financial conglomeration, BRI has a reliable internal audit function so that it can become a strategic business partner. In carrying out its roles and functions, Integrated Internal Audit Business Unit is supported by an independent organizational structure and adequate Auditor competence, so that throughout 2023 Integrated Internal Audit Business Unit has implemented various work programs, including: 1. Development of joint use of the Integrated BRISMA Audit Management System Application 2.1 (Internal Audit Business Unit of BRI Life & Internal Audit Business Unit of BRI Finance). 2. Implementation of a thematic audit of integrated governance of the BRI Group which was carried out jointly between the Integrated Internal Audit Business Unit and the Internal Audit Business Unit of Financial Conglomerate Members. 3. Development of an Integrated Internal Audit Business UnitDashboard for Monitoring the Integrated Internal Audit Business Unit program. 4. Carry out alignment and evaluation of the focus and audit strategy of Internal Audit Business Unit members of the Financial Conglomerate in accordance with the 2023 Annual Audit Planning (PAT) Internal Audit Business Unit Members of the Financial Conglomerate. 5. Monitoring the implementation of the internal audit function and the performance of Subsidiary Companies on a regular basis which is carried out every quarter with the scope of Monitoring including: a. Monitoring the performance achievements of Members of the Financial Conglomeration and BRI Subsidiaries; b. Monitoring Internal Audit Business Unit Audit Results Reports for Financial Conglomerate Members c. Monitoring the follow-up to significant findings by members of the Financial Conglomeration and BRI Subsidiaries. d. Monitoring the fulfillment of Internal Audit Business Unit human capital resources for Financial Conglomerate Members. 6. Implementation of BRI Head Office Audit Individual Audits for PNM, BRI Life, BRI Insurance and BRI Remittance. 7. Implementation of a joint audit between Internal Audit Business Unit of BRI and Internal Audit Business Unit of BRI Life. 8. Implementing the Quality Assurance Review and Improvement Program (QAIP) at Internal Audit Business Unit of Financial Conglomerate Members in order to develop and improve audit quality programs that cover all internal audit activities. During 2023, Integrated Internal Audit Business Unit has implemented a Quality Assurance Review and Improvement Program for Internal Audit Business Unit Financial Conglomerate Members (Bank Raya, BRILife, BRI Danareksa Sekuritas, BRI Finance, BRI Insurance, PNM, Pegadaian, BRI Venture). 9. Efforts to improve the quality and competence of Internal Audit Business Unit members of the Financial Conglomerate through the membership program as follow: a. BSDP NWOL Auditor Modular Entry Level Education. PT Bank Rakyat Indonesia (Persero) Tbk. Annual Report 2023 786
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