The risk management team is responsible for ensuring that the business fulfils and complies with all the necessary regulatory and operational risk requirements. Risk management is an integral part of the business.

We aim for:

• Clear identification and understanding of potential risks
• Clear thinking about the appropriate level of risk
• Clear management information to constantly track the status of risks
• Clear controls in place to ensure the level of risk taken is a level we and our customers are comfortable with in achieving the desired performance or returns
  

 The department has the following areas which reflect the risk management lifecycle:  

• Business  Risk
  This area is primarily responsible for ensuring the business has the controls and tools to manage the risks within the derivative positions held on behalf of our clients.  The team also provides advice regarding the non-portfolio credit risks within client funds e.g. settlement and counterparty exposure as well as acting as a go-between for Group Risk and Insight.
• Operational Risk
  This area is responsible for the design and development of the risk management framework including procedures, controls, standards, systems, key indicators, management information, risk profiles, appetite statements etc.  The area is also responsible for the co-ordination of Business Continuity and Information Risk Management.
• Compliance
  This area is responsible for the identification and assessment of current and future changes in regulation and other key inputs to the business.  It is also responsible for monitoring the robustness of controls on day-to-day business issues to ensure that the Insight brand is properly protected and any competitive opportunities are fully explored.

The product development team is also part of risk management. Product development work collaboratively with both the innovation team and senior management across the business to identify and deliver new products, as well as manage our existing product range.