CISA on Risk Management

Risk management for fund managers

The Swiss regulatory approach to managing operational risks is brief: The regulated fund manager has to provide a risk management function, an internal control system as well as a compliance function that covers all of its business activities. The risk management function must be organised in such a way, that it can identify, assess, control and monitor all relevant risks. The regulated asset manager separates risk management function, an internal control system as well as a compliance function from other operational functions, namely from portfolio management.

Experience shows that in the day to day operations the needed focus on relevant legal and regulatory exposure can get lost. Depending on the size and complexity, a fund manager might opt for an internally or an externally administered solution. In close collaboration with our business partners, we provide IT-facilitated risk management support.