Heads of other Functions
TC-1.1.13
Heads of other functions, where risk acquisition or control is involved, are responsible for tracking specific functional performance goals in addition to identifying, managing, and reporting critical organisational issues upstream. Certain functions require dealing directly with clients while others do not. Both categories of functions, however, require specific qualifications and experience to meet the objectives as well as compliance requirements of the
Islamic bank licensee .October 2013TC-1.1.14
For purposes of Paragraph TC-1.1.13, Islamic bank licensees should contact the CBB should they require further clarification on whether a specific position falls under the definition of "Heads of other Functions".
October 2013
