JP Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. More about JP Morgan Chase & Co
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At JP Morgan Chase, we believe that being profitable and doing good works for the people and the world around us aren't exclusive of each other; they're integrated goals. When our business is strong and well governed, we're in a better position to translate positive financial results into sustainable community and environmental efforts that benefit everyone. This is the essence of corporate responsibility. Every day, we strive to make our firm a good corporate citizen -- and the most respected financial-services institution in the world.
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Risk Policy Committee Charter
Mission
The Risk Policy Committee is responsible for oversight of the CEO's and senior management's responsibilities to assess and manage the corporation's credit risk, market risk, interest rate risk, investment risk, liquidity risk and reputational risk, and is also responsible for review of the corporation's fiduciary and asset management activities.
Authorities and responsibilities
The Risk Policy Committee is responsible for oversight of the CEO's and senior management's responsibilities to assess and manage the corporation's credit risk, market risk, interest rate risk, investment risk, liquidity risk and reputational risk. In performing this oversight, the Risk Policy Committee shall:
- review with management guidelines and policies to govern the process for assessing and managing such risks.
- review benchmarks for and major financial risk exposures from such risks.
- receive and review reports from management of the steps it has taken to monitor and control such exposures.
- review management's performance against these policies and benchmarks.
- receive and review reports on selected risk topics as management deems appropriate from time to time.
- review the corporation's capital allocation.
- review reports of significant issues prepared by internal risk oversight functional groups.
The committee is also responsible for oversight of the corporation's fiduciary and asset management activities, and in that capacity it reviews the oversight structure for fiduciary activities, reviews general policies and receives reports regarding these activities.
The Risk Policy Committee shall review, at least annually, the committee's charter and recommend any proposed changes to the Board for approval. The Risk Policy Committee shall prepare, and report to the Board the results of, an annual performance evaluation of the committee, which shall compare the performance of the committee with the requirements of this charter.
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