FEATURES OF THE SECURITY MANAGEMENT SYSTEM OF THE JOINT STOCK COMPANY STATE SAVINGS BANK OF UKRAINE

Introduction. The banking system is one of the important components of the modern market economy. Its basis consists of banking institutions that possess a certain set of means of influencing the financial, investment, production and other spheres of the economy. In the context of the growing openness of the economies of states and their consistent integration into the world economy, ensuring the security of the banking system is becoming an urgent task. This is due to the influence of the external environment, which today is characterized by elements of the deepening of the financial crisis, as well as the internal environment, in particular, the strengthening of competition and consolidation of the banking business. The influence of the internal environment implies the emergence of threats that complicate the process of implementing the strategic directions development of the banks from the point of view of profitability and risk minimization. Therefore, the problem of ensuring the security of banking activity is quite urgent and should be considered as a system-forming element of the financial stability of the banking system. Purpose. The purpose of the study is analyze the features of the security management system of the bank JSC “Oschadbank” in order to determine its compliance with the requirements of the regulatory and legal framework of Ukraine, assess the state and effectiveness of its functioning, and develop recommendations for improvement. Materials and methods. During the research, the following sources and methods were used: 1) official documents and legal acts regulating the security of banking activity; 2) scientific works of domestic and foreign authors related to information, financial, physical and cyber security of banks. The following scientific methods were used in the research process: theoretical generalization and grouping (to describe the components of bank security, including physical, financial, information and cyber security); formalization, analysis and synthesis (for the study of financial features of JSC “Oschadbank”); logical generalization of the obtained results (formulation of conclusions). Results. The article examines the features of the security management system of the Joint Stock Company State Savings Bank of Ukraine (JSC “Oschadbank”). An analysis of the legal framework of Ukraine, which regulates the issue of bank security, was carried out, as well as an assessment of the state and effectiveness of the security management system of JSC “Oschadbank”.