ECCB 2017-2018 Annual Report and Statement of Accounts

ECCB ANNUAL REPORT 2017/2018

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•  • Completion and implementation of the Bank’s revised Disaster Recovery and Business Continuity Plan; •  • Targeted capacity building sessions with an emphasis on tools and techniques for effective risk assessment and reporting; •  • Implement a risk monitoring framework for the Bank’s Strategic Plan; and •  • Continue to enhance the risk function to effectively address the critical risk areas as identified. •  • Audit of the CurrencyManagement Department to determine effectiveness in executing its objectives; •  • Audit of Legal Services Department in providing value added services to the Bank; •  • Audit of the Bank’s IT environment; •  • Assessment of the capacity of the Management Information Systems Department with a focus on new systems and security risks; •  • Audit of the Agency Offices’ operations, specifically: Grenada, Saint Lucia, and St Vincent and the Grenadines; •  • Analysis of the effectiveness of the Strategic Planning and Projects Department in supporting the policy mandate of the Bank; and •  • Assessment of the effectiveness of the Banking and Monetary Operations Department in meeting its deliverables.

Internal Management The Bank will focus on the following: