Bondora Group’s risk management function is structured in accordance with the “three lines of defense” model, which clarifies roles and duties within an organization.
The responsibilities of each line of defense are:
The risk management function is performed by Bondora Group’s operational management, which includes specialists in credit risk assessment, market risk, IT security, operational risk and compliance. Specific risk management responsibilities are delegated to the heads of the respective departments, who report to the Management Board. Risk management is further reviewed by the Supervisory Board on a quarterly basis.
Different risk management components are detailed in the following articles: