These committees have been established to oversee and implement the overall activities of the NBF group, in accordance with guidelines developed by the bank’s board of directors.

Management Committee (ManCom)

Steered by the chief executive officer, the “ManCom” is tasked with the development, monitoring and execution of the group's strategy as approved by the board of directors.

ManCom is also responsible for the implementation of corporate governance, performance measurement and monitoring, approving policies and decisions related to staff and any other administrative matters.

NBF's ManCom comprises the following members:

  • Vince Cook, Chief Executive Officer - Chairman
  • Prasant Sarkar, Chief Risk Officer
  • Balaji Krishnamurthy, Chief Operations Officer
  • Vikram Pradhan, Head of Corporate and Institutional Banking
  • Adnan Anwar, Chief Financial Officer
  • Mark Domenic Zanelli, Head of Treasury
  • Abdulla Aleter, Head of Human Resources
  • Sharif Mohd. Rafei, Head of Retail and Fujairah Region

Risk Committee

Steered by the chief executive officer, the risk committee is responsible for developing the group's risk appetite and making the necessary risk recommendations to the board.

The committee also develops and reviews the group's risk policies and Internal Capital Adequacy Assessment Process (ICAAP), recommending allocations of regulatory and economic capital to portfolio segments and business lines.

In addition, the committee approves scenarios for stress testing for all risk categories, and evaluates potential changes to market conditions.

The risk committee also reviews significant financial or other risks and the steps that NBF management has taken to monitor, control and report such risks, including, but without limitation to, review of credit, market, fiduciary, liquidity, reputation, operational, compliance, legal, fraud and strategic risks.

The committee obtains assurance that significant risks are being measured, monitored, evaluated and appropriately escalated through periodic updates, risk reporting and key risk indicator reviews conducted by the asset & liability, central credit, operational risk & compliance and product committees.

NBF's Risk Committee comprises the following members:

  • Vince Cook, Chief Executive Officer - Chairman
  • Prasant Sarkar, Chief Risk Officer - Alternate Chairman
  • Balaji Krishnamurthy, Chief Operations Officer
  • Vikram Pradhan, Head of Corporate and Institutional Banking
  • Adnan Anwar, Chief Financial Officer
  • Mark Domenic Zanelli, Head of Treasury
  • Sumit Malik, Head of Credit

Asset & Liability Committee

Headed by the chief financial officer, the asset & liability committee is responsible for directing asset and liability growth and allocations in order to achieve the group's strategic goals.

It monitors the group's liquidity and market risks and risk profile in the context of economic developments and market fluctuations. This ensures that NBF’s ongoing activities are compatible with the risk appetite approved by its board of directors.

The committee is also responsible for developing and establishing ALCO metrics and MIS for review, measurement, monitoring and control of all market and liquidity risks and stress testing.

NBF's Asset & Liability Committee comprises the following members:

  • Adnan Anwar, Chief Financial Officer - Chairman
  • Mark Domenic Zanelli, Head of Treasury - Alternate Chairman
  • Vikram Pradhan, Head of Corporate & Institutional Banking
  • Prasant Sarkar, Chief Risk Officer
  • Sharif Mohd. Rafei, Head of Retail Banking and Fujairah Region; or Colin Dallas, Deputy Head of Retail Banking
  • Sumit Malik, Head of Credit

Central Credit Committee

Steered by the head of credit, the central credit committee is responsible for credit decisions for the group's lending portfolio, setting country and other high level group risk limits.

The committee oversees portfolio reviews with a particular focus on quality. It also deals with impaired assets and the grading of credit facilities.

The committee is also responsible for developing and establishing credit risk metrics and MIS for review, measurement, monitoring and control of all credit risks. In addition, it is also involved in stress testing of the group’s credit risk policies as well as the enhancement of its credit risk reporting and processing.

NBF's Central Credit Committee comprises the following members:

  • Sumit Malik, Head of Credit - Chairman
  • Prasant Sarkar, Chief Risk Officer - Alternate Chairman
  • Vikram Pradhan, Head of Corporate and Institutional Banking
  • Senior Manager/Executive - Credit
  • Segment Head - Business

The authority to select and appoint permanent committee members rests with the chief executive officer (CEO).

Product Committee

Steered by the chief risk officer, the product committee is responsible for reviewing and approving all risks, designs, pricing, financials, product risk ratings, processes for distribution, product control and MIS processes of proposed new products and services.

The committee ensures that the group’s products and services fall within its strategic plans and risk appetite.

It is also responsible for monitoring NBF’s competitiveness in product positioning and technological developments that could have an impact on the profitability the bank’s products and services as well as its risk profile.

NBF's Product Committee comprises the following members:

  • Prasant Sarkar, Chief Risk Officer - Chairman
  • Balaji Krishnamurthy, Chief Operations Officer - Alternate Chairman
  • Adnan Anwar, Chief Financial Officer
  • Vikram Pradhan, Head of Corporate & Institutional Banking
  • Sharif Mohd. Rafei, Head of Retail Banking and Fujairah Region
  • Mark Domenic Zanelli, Head of Treasury
  • Kashif Aleem Ahmad, Head of Product Development
  • Sumit Malik, Head of Credit
  • Nada Khneisser, Head of Legal

Operational Risk & Compliance Committee

Headed by the head of operational risk & compliance, the committee is accountable for independently assessing and monitoring the group's operational risks against its operational risk management policies, internal control framework and operational risk appetite as approved by the board.

The committee is responsible for reviewing operational procedures and the adequacy of internal control systems, as well as the development and establishment of operation risk metrics and MIS for optimal review, measurement, monitoring and control of operational risks.

Furthermore, it also handles the implementation of the Business Continuity Programme (BCP) and Disaster Recovery Programme (DRP), as well as the review of anti-money laundering unit reports and adequacy of compliance with relevant laws, regulations and license conditions.

The committee additionally reviews reports from internal, external and UAE Central Bank audits and monitors progress on actions initiated to address all operational risks covered by these reports.

NBF's Operational Risk & Compliance Committee comprises members from the following departments:

  • Corporate and Institutional Banking
  • Retail Banking
  • Risk Management
  • Central Operations
  • Trade Services
  • Information Systems and Technology
  • Finance
  • Information Security
  • Property & Services
  • Reconciliation

The head of operational risk & compliance is the chairman of the committee and the head of central operations is the alternate chairman of the committee.

Supervisory Committee: NBF Capital Ltd, DIFC

The supervisory committee was established to oversee and direct the implementation of the day-to-day activities of NBF Capital Ltd, DIFC, (NBF Capital) in line with guidelines determined by the board.

Spearheaded by NBF's chief executive officer, the supervisory committee sets up the company's business objectives and decides the strategy by which those objectives will be achieved, working within the board-approved budget and business plan.

The NBF Capital Ltd Supervisory Committee comprises the following members:

  • Vince Cook, Chief Executive Officer, NBF - Chairman
  • P B Das, Senior Executive Officer, NBF Capital  - Alternate Chairman
  • Prasant Sarkar, Chief Risk Officer, NBF
  • Adnan Anwar, Chief Financial Officer, NBF
  • Balaji Krishnamurthy, Chief Operations Officer, NBF

Other committees reporting into ManCom

  • Marketing
  • Human resources (HR)
  • IT steering
  • Corporate social responsibility (CSR)
  • Grievance and disciplinary
  • Customer service quality
  • Vendor management group
  • Data governance
  • Location strategy