Senior Management
RM-1.1.6
The responsibilities of the
senior management of thelicensee must include:(a) Implementing the overall risk strategy approved by the Board of Directors;(b) Ensuring that the strategy is implemented consistently throughout the whole organisation;(c) Ensuring that all levels of staff understand their responsibilities with respect to risk management;(d) Ensuring that each member of staff has the requisite knowledge, skills, and understanding of the principles and practices of risk management to discharge their duties effectively; and(e) Developing and implementing policies, processes and procedures for managing risk in all of thelicensee's products, activities, processes and systems.July 2014