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CRO Risk Management

Responsibility for managing all risks

Jürgen Kullnigg

Member of theManagement
Board, Chief Risk Officer

  The CRO Risk Management division is led by the Bank’s chief risk officer and is responsible for managing all of the types of risk to which the Bank is exposed. Along with credit, market and operational risk, these include liquidity, transaction, reputation, real estate and participation risk.

In addition to the staff divisions of CEE Risk Monitoring, CEE Policies & Guidelines and the Regional Industry Teams (RITs), CRO comprises the following six departments: Corporate Risk, Retail Risk, Special Accounts Management, MIB & Market Risk, CEE Risk Control and Strategic Risk Management & Control.

CEE Risk Monitoring and CEE Policies & Guidelines are key contacts for the CEE countries with regard to these issues as they relate to credit risk.

The seven Regional Industry Teams (RITs) are responsible for assessing and making decisions about the acceptance of credit and counterparty risk in Austria and CEE. In addition, they develop Bank Austria Group’s sector-specific credit risk strategies.

Within Austria, Corporate Risk is responsible for balance sheet and company analysis, decentralised underwriting operations as well as for monitoring and quality management in the field of corporate risk management.

Retail Risk is responsible for the operational and strategic management of credit risk within the Retail (private and business customers) and Private Banking divisions.

Special Accounts Management is responsible for the impaired loan portfolio at Bank Austria and the subsidiary banks in CEE.

Market Risk & Risk Integration is responsible for managing market risk associated with the trading and banking books, and for managing liquidity risk and the credit portfolio model of the Bank Austria Group. The responsibilities of the department also include Pillar 2 and ICAAP processes.

CEE Risk Control is responsible for credit risk controlling in CEE, the development of credit risk management methods within Bank Austria Group and Basel II compliance (rating, scoring, exposure at default, loss given default, credit risk systems).

Strategic Risk Management & Control is responsible for risk controlling with regard to credit and operational risk within Bank Austria Group.