; (2) reviewing and providing guidance on operation of the global risk management framework of the Bank; (3) developing policies for— (A) investment; (B) enterprise risk management; (C) monitoring; and (D) management of strategic, reputational, regulatory, operational, developmental, environmental, social, and financial risks; and (4) developing the risk profile of the Bank, including— (A) a risk management and compliance framework; and (B) a governance structure to support that framework. (c) Duties and responsibilities of audit committee Subject to the direction of the Board, the audit committee established under subsection (a) shall have oversight responsibility of— (1) the integrity of— (A) the financial reporting of the Bank; and (B) the systems of internal controls regarding finance and accounting; (2) the integrity of the financial statements of the Bank; (3) the performance of the internal audit function of the Bank; and (4) compliance with the legal and regulatory requirements related to the finances of the Bank. 5245L. External oversight The Bank shall be subject to the oversight of the Comptroller of the Currency in accordance with section 5169(c). 5245M. Maximum contingent liability The maximum contingent liability of the Bank that may be outstanding at any 1 time shall be not more than $70,000,000,000 in the aggregate. . (b) External oversight Section 5169 of the Revised Statutes ( 12 U.S.C. 27 ) is amended by adding at the end the following: (c) National Climate Bank The Comptroller shall exempt, expand, or alter specific regulations applicable to the National Climate Bank to better suit the purpose and business model of the National Climate Bank as an independent, nonprofit, nondepository banking institution. . (c) Inspector general of the National Climate Bank (1) In general Section 8G(a) of the Inspector General Act of 1978 (5 U.S.C. App.) is amended— (A) in paragraph (2), by inserting the National Climate Bank, after the National Archives and Records Administration,