Governance

Accountability before scale.

A prospective bank requires more than technology. EnteleBANK is developing a governance model intended to support independent challenge, prudent decisions and clear ownership of risk.

Illustrative EnteleBANK control model showing governance, independent risk and compliance, operations, technology and customer outcomes. — Illustrative target model only. Final governance, Senior Management Functions and control responsibilities remain subject to evidence, recruitment and regulatory development.

Proposed governance principles

The framework is intended to define board and executive accountability, risk ownership, independent compliance and assurance, conflicts management, delegated authorities, documented decision-making and escalation.

Three lines

The target operating model distinguishes business ownership of risk, independent risk/compliance oversight and independent assurance, proportionate to the institution as it develops.

Regulatory development

Final governance arrangements, senior management responsibilities and committee structures will evolve through the bank-authorisation process and recruitment of appropriately experienced office holders.