Sec. 207. Chief Risk Officer
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Section 3 of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635a ), as amended by section 101 of this Act, is amended by adding at the end the following: Subject to the approval of the Board of Directors of the Bank, the President of the Bank shall appoint a Chief Risk Officer, from among individuals with experience at a senior level in financial risk management, who— shall rank not lower than senior vice president; shall have as the officer’s sole function to serve as chief risk officer of the Bank; shall report directly to the Board; and shall be removable only by the Board.
The Chief Risk Officer shall, in coordination with the Audit Committee of the Board of Directors, develop, implement, and manage a comprehensive process for identifying, assessing, monitoring, and reducing business risks to the Bank’s overall portfolio that may interfere with the ability of the Bank to fulfill its purposes, but may not exercise any authority over the operations of the Bank. .
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Sec. 207
Chief Risk Officer
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