Research On Risk Management Optimization Of T Rural Commercial Bank In Internet Finance Era

Recently,from the establishment of the first online loan platform in China to the rapid development of Internet finance,from rarely known to common used,Internet technology(hereinafter referred as IT)has been applied into the financial field,and thus Internet finance comes into being.Meanwhile,a lot of companies that specialize in this area has been created.As Wechat and Alipay are increasingly penetrating the financial field,banks’ core businesses such as deposits,loans and settlements have been challenged.As a result,IT has been constantly used in financial industry.Traditional banking products and services have been displayed online with he help of online banking service,mobile banking service and mini program and etc..At the same time,by means of operating system technology,the traditional banking outlets have been upgraded into smart bank.What’s more,with the application of new management system,bank’s integrated intelligent management has been realized.Even though,Banking Industry has formed complete risk management mechanism in the process of financial market operation and competition,with the application of IT,the existing risk management system can’t match the needs of the new situation and competition,which may lead to financial risks.Based on above situation,with the help of literature review and case analysis,this paper explores IT application and relevant risks management of the bank from various aspects such as Long Tail theory and Comprehensive Risk Theory,information asymmetry,internal control etc… Taking Bank T for instance,this paper analyses its IT application condition and expounds its main risks,organizational structure,risk management process and methods.By analyzing main problems faced by Bank T’ s risk management concerning IT application and their causes,this paper points out optimum proposals,which provides reference value for other rural commercial banks.Aiming at the main reasons for the problems and the main reasons for the risk management of T Rural Commercial Bank in the application of Internet technology,an effective optimization plan was proposed.It is recommended to establish a sound risk identification mechanism and optimize the risk management structure;Establish a clear and complete risk management policy system and optimize the risk assessment system;Firmly do a good job in risk appetite and limit management,strengthen the evaluation and monitoring of main business systems;improve the main risk response mechanism,and build the "three lines of defense" in risk management;Refine the division of responsibilities,improve the risk monitoring mechanism,build a risk management cultural system;establish a reporting and implementation implementation mechanism,and standardize the promotion and implementation of risk decisions.It is hoped that it can be used as a reference for other rural commercial banks.