IMC Annual Report 2018 - Page 36

IMC Risk Framework is organised in three lines of defence
RISK
OWNERSHIP
Risk Ownership is the responsibility to manage risk is the domain
of the primary business. The primary business consists of trading
(making trading decisions) and IT (managing trading technology).
Risk Oversight is the domain of the Risk and Compliance department. Whereas
Compliance focuses on the regulatory framework in which we operate, Risk
Management ensures levels of financial and operational risk are aligned with IMC’s
RISK
OVERSIGHT
and the clearing organisation’s risk tolerance, and are within regulatory limits.
Risk Management sets and controls limits and processes for the business.
Furthermore, Risk Management and Compliance assesses all existing and new
business activities for adherence to risk appetite and defined tolerance levels.
RISK
ASSURANCE
Risk Assurance entails the responsibility to provide independent
assurance on the effectiveness of governance, risk management
and internal control systems in relation to the most significant risks.
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IMC Annual Report 2018
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