; and (B) submit to the Congress an annual report with comments from the advisory committee on the extent to which the Bank is meeting the mandate described in section 1623, including any suggestions for improvement. (n) Chief risk officer (1) Appointment Subject to the approval of the Board, the chief executive officer shall appoint a chief risk officer from among individuals with experience at a senior level in financial risk management, who— (A) shall report directly to the Board; and (B) shall be removable only by a majority vote of the Board. (2) Duties The chief risk officer, in coordination with the risk management and audit committees established under section 1631, shall develop, implement, and manage a comprehensive process for identifying, assessing, monitoring, and limiting risks to the Bank, including the overall portfolio diversification of the Bank. 1629. Administration (a) Capitalization (1) In general To the extent and in the amounts provided in advance in appropriations Acts, the Secretary of Energy shall transfer to the Bank— (A) $10,000,000,000 on the date on which the Bank is established under section 1622; and (B) $5,000,000,000 on October 1 of each of the 5 fiscal years following that date. (2) Authorization of appropriations For purposes of the transfers under paragraph (1), there are authorized to be appropriated— (A) $10,000,000,000 for the fiscal year in which the Bank is established under section 1622