Podcast
Questions and Answers
Who is overseeing the Operations Division?
Who is overseeing the Operations Division?
Which committee is responsible for overseeing the internal audit?
Which committee is responsible for overseeing the internal audit?
What department is not directly under the Deputy CEO?
What department is not directly under the Deputy CEO?
Which department is likely to handle compliance issues in the bank?
Which department is likely to handle compliance issues in the bank?
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Which division includes the Treasury Department?
Which division includes the Treasury Department?
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What is the primary role of the Remuneration Committee?
What is the primary role of the Remuneration Committee?
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Which department is likely to focus on loan recovery?
Which department is likely to focus on loan recovery?
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Which of the following divisions includes a focus on business credit?
Which of the following divisions includes a focus on business credit?
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What is the function of the Audit Committee?
What is the function of the Audit Committee?
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Which department is part of the Finance Division?
Which department is part of the Finance Division?
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Study Notes
Organizational Structure - Union Bank
- Board of Directors: Top level of the organization structure.
- Chief Executive Officer (CEO): Reports to the Board of Directors.
- Deputy CEO: Reports to the CEO and manages operations division
- Internal Audit and Audit Committee: Responsible for internal controls and audits.
- Remuneration committee: Handles employee compensation.
- Legal Department: Oversees legal matters.
- Human Resources Department: Manages HR functions.
- Risk Management Department: Manages risk assessment and mitigation.
- Operations Division: Headed by the Deputy CEO, includes departments such as Technology, Security, IT and applications, loan administration, operations, cards and payment, organization planning and network management.
- Sales Division: Includes departments like Retail, large business and small and medium-sized business (SME) business.
- Credit Division: Handles credit-related activities and includes departments for business and retail credit risk, loan recovery and property evaluation.
- Marketing Department: Responsible for marketing initiatives.
- AML Department (Anti-Money Laundering): Manages anti-money laundering activities.
- Finance Division: Oversees financial activities and includes accounting, reporting, and treasury departments.
- Compliance Committee: Oversees all compliance-related matters.
- Branch Network: Represents the bank's physical locations.
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Description
This quiz explores the organizational structure of Union Bank. Understand the roles of key figures such as the Board of Directors, CEO, and Deputy CEO, along with various departments like HR, Risk Management, and Operations. Test your knowledge of how these components work together to ensure efficient management.
