Melnychuk M. Formation of integrated risk management system at the bank

It was determined stages of the risk management system within which there was the evolutionary transition from intuitive perception of risks and their discrete assess toward the system analysis and integrated risk management in banking. It discloses the essence of integrated risk management system as a combination of elements, among which there are direct feedback that, in contrast to other points of view, considers in the context of achieving the mission, strategic goals and tactical acceptable "appetite" and the bank's risk tolerance, their profile, risk factors, consideration of which provides a stable and long-term functioning of the bank on the market. Approach of organization risk management system construction was improved by follows: differentiation of responsibilities among a head of the risk management unit and chief risk-management of a bank; expanding functions of risk management and audit committees. It was suggested to work out the staff remuneration system based on integrated approach: taking into account bank's profit and its risk profile. That allowed developing of financial and material remuneration component for different bank employee's categories.