| 13 Risk management framework Control risks Select from a list of controls Choose from a library of controls matched to predefined risks, developed by regulatory and risk experts. Create bespoke controls Design and implement tailored controls to address unique risks within your firm. Ensure accountability for risk management Assign responsibility for individual risks and their associated controls to relevant team members. Keep controls relevant and effective Schedule regular reviews of controls to ensure they remain up to date and fit for purpose. Link to supporting resources Attach relevant documents or external resources to controls for streamlined tracking and evidence. trust simplifies risk management by including predefined controls. Firms can also create or customise controls to address the unique risks they face. By assigning responsibility for each control and scheduling regular reviews, firms can maintain up-to-date and effective risk mitigation strategies.
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