An organizational structure defines how the work of the org such as allocation of tasks duties and responsibilities
An organizational structure defines how the work of the org such as allocation of tasks duties and responsibilities, coordination and supervision are setup in order to achieve organizational goals and objectives effectively and efficiently. Organizational structure can also be considered as the viewing glass or perspective through which individuals see their organization and its environment. organization can be structured in many ways, depending on the objectives.
Let’s see how this commercial bank has set up their Org structure. At the top it is the BOD and its considered as the highest authority of the commercial bank even the CEO is under them. since BOD is a body of elected or appointed members who jointly oversee the activities of an org or company. In this Org BOD overlook the CEO, internal auditors and GCB and the Secretary apart from their tasks and duties. Internal audit has an indirect impact with the Chief Risk Officer only. But the CEO has an indirect link/ connection with the internal auditors whereas a direct link the GCB and secretary. other than that, the managers directly reporting to the CEO are shown in the picture.
Operations ; IT group has a subordinate who directly reports to him, which is known as Chief Operations Officer. Chief Operations Officer has five subordinates who reports to him, such as;
And at the same time, we can clear see that all the co-workers are linked through one another. That is actually good for the origination and it eases the work of the co-workers and at the same time they all can work together corporately as a team.
Last but not least the lower level staff is governed by client services ; maintaining and reporting. And also operations control has an indirect link with wealth management