Risk management

One of UniSuper’s aims is to ensure that all kinds of risks are appropriately managed to help us achieve our objectives.

Risk management

Our policies are designed to ensure that strategic, operational, legal, reputational and financial risks are identified, assessed, effectively and efficiently managed and monitored to help us achieve our objectives.

This is done through:

• our organisational structure, with clearly drawn lines of accountability and delegation of authority
• adherence to the APRA RSE Licence and our Code of Conduct – the Board actively promotes a culture of quality and integrity
• our risk management policy and the operation of the risk management and compliance system. This is managed by the Audit and Compliance Committee. The Board receives regular reports from this Committee on material risks that may prevent us from meeting our business objectives
• detailed control procedures which cover management accounting, financial reporting, project appraisal, IT security, compliance and other risk management issues, and
• internal auditors who regularly monitor activities and report to both relevant business unit management and the Audit and Compliance Committee.

The UniSuper Board must ensure there are adequate policies in relation to risk management, compliance and internal control systems. These practices have been formalised in our Risk Management Strategy and Risk Management Plan.

In addition, each major proposal must be submitted with a comprehensive risk assessment and, where required, proposed mitigation strategies.