To ensure rigorous risk management, ABAM separates investment management from the risk management and compliance function. Compliance and risk processes are guided by our audit and risk management committee and driven by our integrated systems.
ABAM’s internal audit and risk management is independent of the investment process and ultimately reports to the Board of audit and risk committee of Absa Investments. The committee comprises non-executive directors of ABAM, our external and internal auditors and senior company executives.
The management of investment risk is a key element of the ABAM investment process and is integrated at every stage. In addition, our CIO, supported by the quantitative research team have ongoing responsibility for assessing market risk and possible implications for the portfolios of our clients.
Risk management reports are generated and evaluated on a daily basis. These reports are also provided to clients on a quarterly basis.