Oversee Financial Performance and Risk Reporting in Banking 

Source: Comptroller's Handbook

Performance and Risk Reports:

• understand the drivers of financial performance.
• understand and evaluate the potential impact of business units and their risk on financial performance.
• assess the adequacy of capital, liquidity, and earnings.
• monitor performance trends and projections.
• monitor financial performance against strategic goals.
• monitor risk positions in relation to the risk appetite, limits, and parameters.
• monitor the types, volumes, and impacts of exceptions to policies and operating procedures.
• understand model risks and reliance.
• assess the impact of new, modified, or expanded products or services.
• assess evolving risks related to changing technologies and market conditions.
• monitor risks related to third-party relationships involving critical activities.
• assess potential litigation costs and reserves.

Useful performance reports are likely to include, but are not limited to, the following information:

• Financial statements and peer comparison reports
• Budget variance reports
• Metrics on key risks
• Asset quality indicators and trends
• Allowance for loan and lease losses analysis
• Concentrations of credit
• Liquidity position and trends and contingency funding plans
• Interest rate sensitivity analyses
• Performance metrics for new, modified, or expanded products and services
• Outsourced critical activities
• Off-balance-sheet activity and exposures, including derivative exposures
• Growth rates and projections
• Capital position, trends, and capital adequacy assessments
• Key business unit performance
• Policy exception monitoring reports
• Performance measurements and metrics for risk appetite, performance goals, and strategic goals
• Earnings trends and quality, including non-interest income and expenses