Open Category List

Who is responsible for risk oversight?

The roles and responsibilities of the teams responsible for the various aspects of risk monitoring and
management within GAM’s enterprise risk management framework are summarised in the table overleaf.

 

Department Activities Monitoring frequency
Investment Teams Monitoring and management of market, sector
and instrument-specific risk, using GAM’s
portfolio construction and modelling systems,
statistical analysis systems and internal reports.
Daily/Weekly
Settlements
Departments/ Dealers
Responsible for daily trading error monitoring. Daily
Investment risk
analysis/analytics
teams
Monitoring and management of market, sector
and instrument-specific risk, using GAM’s
portfolio construction and modelling systems,
Risk Metrics, statistical analysis systems and
internal reports.
Weekly/Monthly and ad hoc
Investment
Controlling teams
These teams monitor our investment teams’
adherence to applicable legal and regulatory,
prospectus, contractual and internal investment
restrictions. They escalate established
investment restriction breaches, enforce and
control the timely remedy of such breaches and
report relevant breaches to applicable external
auditors and regulators, if required
Daily
Legal and
Compliance
These teams monitor best execution, fair
allocation, interact with investment controlling
teams in case of investment restriction breaches
and oversee and monitor other legal and
regulatory risks.
Ongoing
Operational risk
teams
Responsible for monitoring of processes
susceptible to risk using key risk indicators,
aiming to identify deterioration in the quality of
critical business processes at an early stage, so
that corrective measures can be taken within a
short timeframe
Ongoing
Local risk teams Monitor financial and non-financial agency and
proprietary risks, identifying key risks within
business units and designing solutions to
mitigate sensitivities.
Ongoing
Group M Ultimate responsibility for ensuring that all forms
of risk are appropriately monitored and managed.
Ongoing
Board of Directors of
parent company
(GAM Holding AG)
Oversight and governance of risk issues as part
of Board meetings.
Bi-annually
Group Internal Audit
Department
Reviews controls to assess their adequacy and
compliance with Group control requirements.
Formal audit every 1-4 years
or ad hoc based on audit
outcomes or specific
requests by management

Atlanticomnium operates its own independent oversight of its business environment with additional
controls as it relates to interfacing with the GAM teams:

Department Activities Monitoring Frequency
Investment Team The investment team is responsible for monitoring
and managing all investment risk at the first level
(Liquidity, credit, market). The Risk Management
Process (RMP) tool covers pre-trade, post trade
and hedging of UCITS and prospectus restrictions.
All investment restrictions are monitored twice a
day.
Daily
Operations Team Responsible for daily trade monitoring
reconciliation of the custodian platform Vs
Atlanticomnium PMS, and ultimately interface
with GAM middle office.
Daily
Risk and Compliance
Team (internal &
outsource)
The second level control is Responsible for
monitoring the good execution of the first level risk
control and the adherence to regulatory standards
and investment restrictions. The team is also
responsible for reporting its findings to relevant
senior management and the Board. The analysis
on the investment restrictions is done weekly
whereas the reporting to GAM of the regulatory
standards through the KPI is done on a monthly
basis
Daily monitoring,
weekly reporting,
monthly
reporting
Risk Manager Within the Risk & Compliance team, the Risk
manager is responsible for the oversight of all key
processes including the development,
implementation and embedding of processes
whereby management identifies assesses,
monitors, controls and mitigates the risks in their
areas.
Provides weekly key management reporting to the
Management Committee and liaises with Legal
and Compliance as to relates to external audit
requests
Ongoing
Management Committee Ultimate responsibility for ensuring that all forms of
risk are appropriately monitored and managed.
Ongoing
Board of Directors of
Atlanticomnium SA
Oversight and governance of risk issues as part of
Board meetings.
Quarterly
  • Please read this important legal information before proceeding.

    Information contained herein are solely for the use of the person who has accessed this information and may not be reproduced or distributed, even partially, to any other person or entity.

    The material contained herein is confidential and intended solely for the use of the persons or entities with nationality of or respectively with their residence, domicile, registered office or effective administration in a State or Country in which distribution, publication, making available or use of the information is not contrary to applicable laws or any other regulation.

    The material contained herein is aimed at sophisticated, professional, eligible, institutional and/or qualified investors/intermediaries who have the knowledge and financial sophistication to understand and bear the risks associated with the investments described.

    The information is solely product-related and does not take into account any personal circumstances and does not qualify as general or personal investment recommendation or advice. In particular, the information is given by way of information only and does not constitute a specific legal offer for the purchase or sale of financial instruments. Moreover, nothing contained herein is constitutive of any tax advice.

    Every effort has been made to ensure the accuracy of the financial information herein but the information contained herein has not been independently reviewed or verified. Therefore, Atlanticomnium SA gives no assurance, express or implied, as to whether such information is accurate, true or complete and no responsibility is accepted by Atlanticomnium SA for any errors or omissions. Third-party content is the property of its respective provider or its licensor and is protected by applicable copyright law.

    Past performance is not indicative of future performance. The price of shares/units and the income from the funds/trusts can go down as well as up and may be affected by changes in rates of exchange or financial markets fluctuation, out of the scope of Atlanticomnium SA.

    To the fullest extent permitted by law, in no event shall Atlanticomnium SA or our affiliates, or any of our directors, employees, contractors, service providers or agents have any liability whatsoever to any person for any direct or indirect loss, liability, cost, claim, expense or damage of any kind, whether in contract or in tort, including negligence, or otherwise, arising out of or related to the use of the information provided.