The Risk Management Oversight Committee (RMOC) is one of the Committees under the Board of Commissioners which duties and responsibilities are to assist the Board of Commissioners in carrying out evaluations and ensuring the implementation of risk management in the Company.

LEGAL REFERENCES

  1. POJK No. 17/POJK.03/2014 dated November 18 2014 on Implementation of Integrated Risk Management for Financial Conglomerates.
  2. SEOJK No. 13/SEOJK.03/2017 dated 17 March 2017 on Governance Practices for Commercial Banks.
  3. SOE Minister Regulation No. PER-12/MBU/2012 dated 24 August 2012 on the Supporting Organs of the Board of Commissioners/Supervisory Board of State-Owned Enterprises.
  4. Corporate’s article of association and its amendments.

RMOC CHARTER

The Risk Management Oversight Committee (RMOC) has the Charter as outlined in the Decree of the Board of Commissioners No. 12-KOM/11/2018 dated 01 November 2018 that regulates:

  1. Duties, authorities, obligations and responsibilities.
  2. Division of labor.
  3. Time and work ethic
  4. Committee Meetings
  5. 5.Organizational structure, and implementation of duties related to the The Risk Management Oversight Committee (RMOC).

APPOINTMENT AND TERMINATION

The Risk Management Monitoring Committee is established by and responsible to the Board of Commissioners. The Chairman and Members of the Risk Management Oversight Committee is determined through the Board of Directors Decree Nokep: 547-DIR/HCBP/08/2020 dated August 12 2020 on the Appointment of BRI Chairman and Members of the Risk Management Oversight Committee.

COMMITTEE STRUCTURE AND MEMBERSHIPS

Committe Structure

  1. The RMOC is under the coordination of the Board of Commissioners and structurally responsible to the Board of Commissioners;
  2. Members of the RMOC is at least consisted of 3 (three) members. One of them is Independent Commissioner that serves as the Committee Chairman.

RMOC Structure and Memberships for the period of January 1, 2020 – March 18, 2020 as follows:

Name Position in the Committee Period of Position Remarks/ Expertise
Mahmud Chairman March 15, 2017- May 15, 2019 Independent commissioner
Rofikoh Rokhim Member May 28, 2019-present Independent Commissioner
Andrinof A. Chaniago Member March 15, 2017 - present President commissioner/ Independent
A. Fuad Rahmany Member June 2015- present Independent Commisioner
Nicolaus T. Budi Harjanto Member March 15, 2017 - present Commisioner
Suindiyo Member December 1, 2015 - present Independent Party in Financial Field
Sumaryo Member May 28, 2019 - present Independent Party in Financial Field
Indrayeti Member August 1, 2014 - August 10, 2019 Independent Party in Risk Management
Tubagus A. Maulana Member February 1, 2015 – February 1, 2019 Independent Party in Risk Management

RMOC Structure and Memberships for the period of March 31, 2020 – August 11, 2020 as follows:

Name Position in the Committee Period of Position Remarks/ Expertise
Ari Kuncoro Chairman March 18 - present Vice President Commissioner/ Independent commissioner
Rofikoh Rokhim Member May 28, 2019 - present Independent Commissioner
Nicolaus T. Budi Harjanto Member March 15, 2017 - present Commisioner
Dwi Ria Latifa Member June 2015 - present Independent Commissioner
Suindiyo Member December 1, 2015 - present Independent Party in Financial Field
Sumaryo Member May 28, 2019 - present Independent Party in Financial Field
Bintoro Nurcahyo Member March 31, 2020 - present Independent Party in Risk Management
A. Sigit Sudahno Member March 31, 2020 - present Independent Party in Risk Management

RMOC Structure and Memberships for the period of August 12, 2020 – December 31, 2020 as follows:

Name Position in the Committee Period of Position Remarks/ Expertise
Ari Kuncoro Chairman March 18, 2020 - present Vice President Commissioner/ Independent commissioner
Kartika Wijoatmodjo Member August 12, 2020-present President Commissioner
Rabin Indrajad Hattari Member August 12, 2020 - present Commisioner
Nicolaus T. Budi Harjanto Member March 15, 2017 - present Commisioner
Rofikoh Rokhim Member May 28, 2019 - present Independent Commissioner
Dwi Ria Latifa Member March 31, 2020 – present Independent commissioner
Suindiyo Member December 1, 2015 - present Independent Party in Financial Field
Sumaryo Member May 28, 2019 - present Independent Party in Financial Field
Bintoro Nurcahyo Member March 31, 2020 - present Independent Party in Risk Management
A. Sigit Sudahno Member March 31, 2020 - present Independent Party in Risk Management

Committee Membership

  1. The Committee Members at least consist of:
    1. An Independent Commissioner;
    2. An Independent Party having expertise in finance; and
    3. An Independent Party with expertise in risk management.
  2. The Independent party that have expertise in finance must meet the criteria:
    1. Have knowledge in economics, finance and/or banking; and
    2. Have work experience of at least 5 (five) years in economic, finance and/or banking.
  3. The Independent party that has expertise in risk management must meet the criteria:
    1. Have knowledge in risk management;
    2. Have at least 2 (two) years working experience in risk management in finance and/ or banking.
  4. The Independent party shall meet the following requirements:
    1. Not receiving compensation from the Company and its subsidiaries, or its affiliation, except wages, salaries and other facilities received in connection with the duties performed as members of the Risk Management Monitoring Committee;
    2. Has no family or financial relationship with the Directors and Commissioners;
    3. Do not hold multiple positions in the Company and other affiliated Companies;
    4. Has no duties, responsibilities, and authorities that create a conflict of interest;
    5. Should not be concurrently a member of the Board of Commissioners, Secretary of the Board of Commissioners, Staff of the Secretary of the Board of Commissioners and members of the Committee on SOEs or other companies; and
    6. Not contrary to other provisions and legislation.
  5. Former members of the Board of Directors or Executives of the Company or parties related with the Company that may affect their ability to act independently may not become Independent Party as a member of the Committee, prior to six-month period of cooling off. The terms of the waiting period (cooling off) to become an Independent Party shall not apply to former members of the Board of Directors or Executives whose duties only perform supervisory functions for at least 6 (six) months.
  6. The appointment of Committee members of the Independent Party shall abide to the following rules:
    1. Selected by the Board of Commissioners through recruitment and selection mechanisms;
    2. The longest working period is 2 (two) years and may be renewed for subsequent periods of work with due consideration to the term of the Board of Commissioners and the applicable employment contract rules in the Company, without disabling the termination by the Board of Commissioners prior to the contract term expires
  7. Members of the Board of Directors are prohibited from becoming members of the Committee.