F11-102 - Nguyen Nam Anh.v.1.1.docx

Assisting the board there are committees responsible

This preview shows page 17 - 19 out of 40 pages.

Assisting the board, there are committees responsible for different areas of work in the management and business of Vietinbank. The board of directors will assign the board members which also include the GeneralDirector to carry out the tasks according to the resolutions of the board of directors. Assisting the General Director and the Board of Management there are two committees who are in charge of two major business operations of Vietinbank which are credit (allowing loans) and investment.
Image of page 17

Subscribe to view the full document.

The Board of Management also divides to ten smaller business units and branches in order to carry out all business activities of the bank more effectively and meet the management requirements of Vietinbank (Nguyen, personal communication, 2018). Weaknesses: This is a centralized management model. Since all transactions (especially allowing loans) are performed at branches of the bank, therefore, the volume of transactions is very high so for the Central Bank to handle each transaction will take a lot of time. Accumulation of all responsibilities to the operation departments of the head office will negatively effect the branches by reduce their liabilities and dynamics (Nguyen, personal communication, 2018). Solutions: The delegation of authority to the branch managers to perform several operations (especially allowing) with specific limits to reduce the workload for the head office. B. - Interalationship between different functions: Customers (enterprises) will go to the branches for demanding loans. After that, the branch will send the loan file to the Business Customers Department make detailed records and then they will send the file later on to the Risk Management Department to analyse and evaluate the level of risk of lending money to that company. Finally, the Credit Approval Department will be the one who carefully analyse and send tp the Board of Directors to approve the loan amount and then notify back to the branch to disburse for that enterprise(Nguyen, personal communication, 2018). - How functions interconnect:
Image of page 18
All the four functions: Branches, Business Customers Department, Risk Management Department and Credit Approval Department need to collaborate with each other to invest in loans, limiting the risk to earn high profits for businesses. Branches and Business Customers Department all have the goal of finding more customers for the purpose of credit growth. For the Risk Management Department, the goal is to minimize the risk of loans that Business Customers Department and Branches offices proposes. For Credit Approval Department, its goal is to combine credit growth requirements with risk assessments to make a reasonable loan limit decision (Nguyen, personal communication, 2018). Task 4: Write an explanation on the purpose of the HR function and the key roles and responsibilities of the HR function in the branch.
Image of page 19
You've reached the end of this preview.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern