Control Function
Trust and transparency through robust controls and strict compliance.
Internal Audit
The Company maintains an independent and effectively functioning Internal Audit Department which is responsible for examining and evaluating the suitability and effectiveness of the Company's internal audit processes, systems and procedures. The Department also makes recommendations based on the results of the inspections it carries out, verifies that these recommendations are complied with, and submits written reports regarding Internal Audit issues to company management.
Risk Management
The Company has an independent Risk Management Department for effective monitoring and management of risks undertaken or that will be undertaken in the course of its activities. The Company ensures the establishment of reliable, effective and comprehensive policies and procedures for assessing and managing the risks it has taken and that it is planning to take. These policies and procedures are subject to regular internal review and evaluation by the Risk Management Department, in order to ensure that they remain comprehensive, adequate and in accordance with the nature, extent and complexity of the Company's activities.
Regulatory Compliance
The Company has a Regulatory Compliance Department which operates as an independent administrative unit headed by a qualified person with sufficient knowledge of banking and investment activities. The Regulatory Compliance Department is responsible for the frequent monitoring and evaluation of the sufficiency and effectiveness of measures and procedures put in place to identify areas where the Company may not be in compliance with the existing legislative and regulatory framework and for taking action to address them. The Regulatory Compliance Department has unencumbered access to all the data and information necessary for the fulfillment of its tasks.