The Risk and Compliance Department consists of 3 divisions: Risk and Internal Audit, Forensic Services and Legal Compliance and Governance.
Risk and Internal Audit
This division provides a standardised strategic and operational risk management methodology and process, validated to be effective while meeting industry risk management standards. It is also responsible for specialised operational risk management processes, such as business continuity management.
This division consists of two teams:
Internal Auditing Team
The role of the Internal Audit Team is to provide independent assurance that the organisation’s risk management, governance and internal control processes are operating effectively.
They achieve this through an objective assessment of the risk management and internal control framework, with systematic analyses and evaluation of business processes and associated controls.
Forensic Services team
The role of the Forensics Team is to perform fraud investigations and take the appropriate legal and corrective actions. They are responsible for fraud prevention and fraud awareness with ongoing education of staff in the fight against fraud.
Legal, Compliance and Governance
This division has three main functions: Legal, Statutory Compliance and Company Secretarial and Governance.
This team provides advice to the business on legal matters, while providing contractual review with detailed scrutiny of all contracts within the business. Any contentious issues are communicated to the relevant department for negotiation with the contractor.
This team ensures group compliance with all relevant and applicable legislation across all applicable provisions. They review all new draft legislation to determine applicability to the business, and to identify areas which may be impacted.
Company Secretarial and Governance
This team manages appointments for Directors, makes changes to company and trust documentation. They also share transactions, and ensures that Directors are armed with sufficient information on legal and governance matters. Taking minutes and maintaining the statutory registers, resolution and minute books all fall within their scope.