Our Risk Management Toolkit

Business Continuity Plans

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Business Contingency Policy and Business Continuity Procedures in place.
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2 Disaster Recovery tests carried out in a year.
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The recovery timeframe for systems and other critical processes such as NAV valuation is < 24 hours.
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For other processes or resources such as fax machine, printers & etc, the maximum timeframe is 3 days

Operational Risk Management

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Group Risk Management monitors and reviews MIDF Amanah operational risk on a regular basis.
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Any loss or risk events are reported on monthly basis to the Group risk management.
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On a quarterly basis, report from Group Risk Management and Compliance will be tabled and highlighted to Board Audit and Risk Management Committee or BARMC

Compliance System

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Our Front Office system uses Antares (Trade Management Order System) which has a built-in compliance function, able to fully cater for pre-trade compliance.
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The compliance function is flexible enough for us to set lower trigger levels for early warning signals.
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Our Dedicated Compliance Officer (CO) monitors the limits and restrictions on a daily basis.

Reporting

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Investment portfolio reports on a monthly basis within 7 business days of the following month.
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Quarterly investment and portfolio report.
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Upon request, weekly reports or on ad-hoc basis to clients.