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ECCB ANNUAL REPORT 2016/2017
•
•
Training in debt performance audits;
•
•
Training in risk and liability management
operations;
•
•
Third round Debt Management Performance
Assessments (DeMPA);
•
•
Work on International Capital Markets; and
•
•
Attachment programmes to more developed
debt management offices.
ORGANISATIONAL EFFECTIVENESS
ECCB Strategic Plan 2017 - 2021
The Bank will continue its efforts on the Strategic Plan
engagement process, and the management of the
implementation of the Plan.
Risk Management
The Office of Risk Management will be engaged in the
following key initiatives:
•
•
Conduct a Bank-wide Risk and Control
Assessment;
•
•
Finalise the Enterprise Risk Management
Policy documents to include the Risk Appetite
Statement, Risk Tolerances and Risk Reporting
framework;
•
•
Oversee the completion of the Bank’s updated
Disaster Recovery and Business Continuity
Management Policy; and
•
•
Facilitate bank-wide risk management training.
Internal Management
The Bank will focus on the following:
•
•
Audit
of
the
Statistics
Department’s
effectiveness in supporting the policy mandate
of the Bank;
•
•
Audit of the Agency Office’s operations in
Antigua and Barbuda, Dominica, Anguilla and
Montserrat, specifically as it relates to the issue
and redemption of currency;
•
•
Targeted audit of the Support Services
Department’s effectiveness in providing value
added services to the Bank;
•
•
Targeted Audit of the Accounting Department
specifically as it relates to the Budget and
Payments operations; and
•
•
Audit of the effectiveness of the Corporate
Relations Department in providing value added
services to the Bank.
Information Technology and Security
The following projects will be undertaken in order to
further improvetheBank’sorganisational effectiveness:
•
•
Begin Phase II of the Statistical Enterprise
Solution implementation. This phase will allow
for the management of data from the revised
prudential returns and will build a platform
for the management of macroeconomic data
(real sector, external sector, and government
finance) as well as data from non-bank financial
institutions and other depository corporations;
and
•
•
The launch of a new ECCB Website and Mobile
App.
Human Resource Management
The Bank will seek to maintain a balanced approach to
recruitment and selection; performance management,
policy development, compensation and benefits
administration, whilst giving focus to several key areas:
•
•
Formulation
and
preparation
for
implementation of a modern HR Strategy.
•
•
Greater focus on training and development
of the Bank’s human resource through the
utilisation of an increased training budget,
which has tripled for the year 2017/2018;
•
•
Development of a robust risk function within