Risk and Finance Committee

Risk and Finance Committee will support the Board in exercising oversight over the Fund’s financial management and prudent risk governance, by overseeing the Fund’s financial frameworks, financial and non-financial risk management framework, and by monitoring alignment with that framework. Specifically, it will:

• Oversee the implementation and management by the Secretariat of a financial risk management framework. This will enable the Fund, including its Private Sector Facility (PSF), to systematically identify risks, contextualize them and manage them appropriately;
• Oversee and review a register of strategic risks across the Fund;
• Monitor the management by the Secretariat of the Fund’s overall risk profile, including the PSF, to confirm that the Fund is operating within Board‐approved risk limits;
• Review and provide recommendations on periodic risk management reports and/or notification of material breaches of risk limits or procedures, as provided by the Secretariat;
• Review and provide recommendations on independent evaluations of the implementation of sound risk management practices by the Fund;
• Support the Executive Director in ensuring the continuous development of a risk‐ and compliance‐aware culture in the Fund;
• Provide advice to the Board on strategic matters relating to financial reporting and related audit requirements for the Fund; Review and make recommendations to the Board on audits of the administrative budget, as necessary; Review and make recommendations to the Board on external financial audit reports;
• Provide guidance on any proposed amendments to the trustee arrangements prior to Board consideration;
• Make recommendations related to the risks related to the Fund’s use of financial instruments;
• Consider recommendations and advice provided to it by the Operations and Portfolio Committee; and
• Consider any other matter referred to it by the Board.

Established by decision B.44/16
Committee secretary: Joanne Chong
Terms of 3 years, subject to review of committees

• Amjad ABDULLA 
• Sindhu Prasad DHUNGANA 
• Seyni NAFO 
• Bob NATIFU 

• Kobi BENTLEY 
• Andrew HURST (Chair)
• Ramón LÓPEZ
• Sandra LOUISZOON