Monitoring accounting processes, financial reports and auditing of financial statements.
Assisting the Board of Directors in the monitoring of: (i) the quality and integrity of IFS financial statements (ii) the legal and regulatory compliance, (iii) the independence and competence of external auditors, and (iv) the performance of duties of internal and external auditors.
Looking after IFS investors' interests and supervising regulatory compliance of the capital market where IFS shares are listed.
Alfonso Bustamante y Bustamante- Director (Alternate 1)
Ramón Barúa Alzamora - Director (Alternate 2)
Felipe Morris Guerinoni - Director (Permanent Guest)
Chief Executive Officer
Retail Businesses Vicepresident
Distribution Channels Vicepresident
Commercial Vicepresident
Finance Vicepresident
Capital Markets Vicepresident
Operations Vicepresident
Risk Vicepresident
General Counsel
Main duties
Adopt decisions related to the Bank’s main risks' exposure.
Approve the policies and organization for Integrated Risk Management of Interbank.
Establish risk appetite and exposure levels.
Decide all necessary actions to implement required corrective measures.
Authorize taking exposure that may involve important changes in the established risk profile.
Evaluate the Bank’s capital adequacy.
Propose improvements to Integrated Risk Management of the Bank.
Approve the annual risk report and the training plan for the risk units.
Prepare the Board of Directors' Annual Compliance Statement draft pursuant to this committee's regulations.
Evaluate and propose to the Board of Directors the necessary amendments to the regulations of this committee, so it may permanently respond to the Bank’s particular needs.
Two members of the Board of Directors, pursuant to a timetable, one of which will act as Chairman, except for the members of the Board that perform as members of the Audit Committee.
The Chief Executive Officer or the person appointed by him.
A representative from the Risk Vicepresidency.
A representative from the Commercial Vicepresidency or the Retail Businesses Vicepresidency or any Vicepresidency depending on the nature of the transaction.
Main duties
Granting of credits up to the limit indicated in the "General Chart of Limits for Credit Approval".
Inform at the Board of Directors’ ordinary sessions about the approved credit transactions.
Comply with the Bank’s benefits plans, compensation packages, and identification of potential employees or officers for the Bank; among other duties to be determined or delegated by the Board of Directors.
Supervise the adequacy of the internal control procedures.
Inform the Board of Directors about the limitations that ought to exist in the reliability of the company’s accounting and financial procedures.
Monitor and keep the Board of Directors informed about the compliance of policies and internal procedures and the detection of control and internal management problems, as well as the implementation of required corrective measures according to the evaluations made.
Define the appropriate criteria for the selection and hiring of external auditors and the internal auditor.
Two (2) Directors, one of which must be independent.
Chief Executive Officer, acting as Anti- money Laundering Officer.
Compliance Officer (Bahamas), acting as Report Officer of Money Laundering.
Compliance Officer (Panama)
Operations’ Division Officer
Main duties
Call for periodic meetings to orient and review compliance with the applicable laws and regulations on anti-money laundering.
Act as the company's intermediary with other areas, the authorities of the countries where Inteligo Bank operates as well as with private organizations involved in Anti-Money Laundering matters.
Inform the Executive Committee about its relevant activities for approval.
Two (2) Directors, one of which must be independent.
Chief Executive Officer
Main duties
Analyze alternatives and advise the Board of Directors regarding policies, goals, strategies and organization matters.
Guide, evaluate and advise management efforts to implement approved policies.
Approve operational and administrative matters that guaranty the Banks´ functionality, by evaluating the results of their implementation and management.
Two (2) Directors with opinion and voting rights, one of which must be independent.
Chief Executive Officer with opinion and voting rights.
Chief Financial Officer with opinion and voting rights.
Legal Counsel with opinion and voting rights.
Corporate Risk Officer only with opinion rights.
Main duties
Establish policies and design contingency plans regarding the Bank’s administration of assets and liabilities.
Propose to the Risk Committee the limits and procedures to control the exposure to market, liquidity and interest rate's risks.
Review the reports that measure the Bank's different risks exposure and compare them with limits established in the Bank's policy.
Provide the Banks’ corporate bodies, with studies and forecasts regarding the behavior of major macroeconomic and monetary variables, so decisions made over adequate risk levels, consider economy’s real development. Suggest optional methodologies for a better consideration of risks under evaluation.
Ensure compliance of applicable laws and regulations.
Two (2) Directors with opinion and voting rights, one of which must be independent.
Chief Executive Officer with opinion and voting rights.
Chief Financial Officer with opinion and voting rights.
Legal Counsel with opinion and voting rights.
Corporate Risk Officer only with opinion rights.
Main duties
Evaluate the Bank's capital adequacy to deal with risks and alert of possible insufficiencies.
Follow up risk exposure and compare it with approved limits, ensuring the stability and solvency of the Bank.
Evaluate the performance and compliance of the Risk Unit main duties.
Guaranty the limits, strategies and policies that contribute with an effective risk management as well as define proposals for temporary improvements that may be used to accept the excess of limits or policies. These proposals for temporary improvements shall be approved by the Board of Directors as well as any plan of action or strategy to regularize this situation.
Approve the annual training program of the Risk Unit.
Ensure compliance to applicable laws and regulations.
