The risk management team is responsible for ensuring that the business fulfils and complies with all the necessary regulatory and operational risk requirements. Risk management is an integral part of the business.

We aim for:

• Clear identification and understanding of potential risks
• Clear thinking about the appropriate level of risk
• Clear management information to constantly track the status of risks
• Clear controls in place to ensure the level of risk taken is a level we and our customers are comfortable with in achieving the desired performance or returns
  

The risk management department conducts periodic monitoring which includes sample checking of compliance with client and house guidelines. The department has three functional areas which reflect the risk management lifecycle:  

• Operational risk: responsible for the design and development of the risk management framework
• Regulatory risk: responsible for the identification and assessment of current and future changes in regulation and other key inputs to the business, formulation of policy and provision of guidance to ensure that the Insight brand is properly protected and any competitive opportunities are fully explored
• Investment risk: responsible for the oversight of the use of derivatives including policy development and model approval/validation
  

The product development team is also part of risk management. Product development work collaboratively with both the innovation team and senior management across the business to identify and deliver new products, as well as manage our existing product range.