Within an ever changing and complex financial services environment, the Board recognises that risk management needs to be a dynamic process with a framework that is robust enough to effectively manage and react to change in an efficient and timeous manner.
Peregrine acknowledges that risk management is a corporate discipline demanding the highest quality processes, training and infrastructure, so that corporate executives at all levels can understand and control risks in their business units and across the entire business. To this end Peregrine’s risk methodology integrates risk and legal compliance and internal audit in a single database. Risks, as set out in a formal risk matrix in the database, are monitored on a daily to a monthly basis, depending on their respective nature and severity.
The Board is responsible for the governance of risk and it reviews and approves the risk management infrastructure, framework, policies and overall risk tolerance.
RISK MANAGEMENT PROCESS: