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Risk management
Risk management
Corporate risk management system is an integrated component of Qazaqstan Investment Corporation JSC’s activity aimed at identifying, assessing and monitoring all significant risks, as well as taking measures for their mitigation.
Our work in this direction is based on the Risk Management Policy of Qazaqstan Investment Corporation JSC, which reflects the vision, goals and objectives of the corporate risk management system, defines the main principles of the risk management process, the risk management structure, the basic components of the risk management system, and provides a systematic and consistent approach to the risk management process implementation.
To ensure timely and effective management and quality monitoring of potential risks, the Risk Management Department provides updated reports on the status of risk map, measures taken for key risks and credit risk assessment of treasury and investment portfolios to the Investment Committee and the Management Board, as well as to the Audit and Risk Committee and the Board of Directors on a quarterly basis.
Principles of the Risk Management System
Consideration of the Company's cumulative risk components in terms of the corporate risk management system
Prohibition of recourse to the corporate risk management system as a stand-alone or separate
Integrated risk management system has a clear structure
Risk management is accompanied by objective, reliable and up-to-date information
Continuous improvement of risk management procedures and mechanisms
Continuous improvement of risk management procedures and mechanisms
Transfer of information on amendments, state and size of the relevant risks, all non-standard operations and situations by all structural divisions on the “bottom to up” principle, including the Management Board and the Board of Directors of the Company
Involvement of the Company’s top management, i.e. the Management Board and the Board of Directors, in the process of risk management and creation of control environment
Clear separation of employees’ powers in order to exclude the situations where the employee’s area of responsibility allows a conflict of interests
Risk management in all areas of the Company’s activities shall be carried out by the relevant structural divisions independent of operating activities
Risk management process is a constantly recurring structured cycle of its basic components
QIC creates a dynamic ecosystem for the sustainable development of the country
