2022, Vol. 9, No. 1. - go to content...

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DOI: 10.15862/18ECOR122 (https://doi.org/10.15862/18ECOR122)

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Zintsov A.D. The role of the internal control system of a commercial bank on the example of Sberbank PJSC. Russian journal of resources, conservation and recycling. 2022; 9(1). Available at: https://resources.today/PDF/18ECOR122.pdf (in Russian). DOI: 10.15862/18ECOR122

The role of the internal control system of a commercial bank on the example of Sberbank PJSC

Zintsov Aristarkh Denisovich
Financial University under the Government of the Russian Federation, Moscow, Russia
E-mail: aristarch.zintsov@gmail.com

Abstract. This article discusses the issue related to the importance of proper functioning of the internal control system. Sberbank PJSC was chosen as the organization under consideration. The main methods involved a systematic approach, statistical methods of processing arrays of information, methods of analysis and synthesis. Inductive and deductive methods were widely used, as well as comparative analysis. The main results of the study can be called the clarification of the role of the internal control system in the activities of commercial banking structures. The author studied the key characteristics of the internal control system, identified a number of factors that can influence the development of this phenomenon, and also identified the basic functions that are implemented thanks to this system. In addition, this article examines the main features of the internal control system in Sberbank PJSC, analyzes the activities carried out within this system. The following provisions confirmed the importance of purposeful development of the internal control system: Sberbank became the first in the ranking of the most valuable brands in Russia and the fifth most valuable banking brand in Europe in 2020 according to Brand Finance. This would be impossible without a clear division of duties and responsibilities between structural units. The results obtained confirm the need to develop an internal control system, even if the company is in a stable position. In conclusion, the author gave recommendations on possible improvements in the existing internal control system of Sberbank PJSC, while noting that this organization shows one of the best results in the matter under consideration.

Keywords: internal control system; Sberbank; banking structure; compliance control; corporate governance; commercial bank; economic security

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