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Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

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    Aditya Birla Sun Life AMC Limited

    Atul Penkar Senior Fund Manager

    Investment Team

    Mr. Atul Penkar He has over 21 years of experience in Equity Research and Fund Management. He joined Aditya Birla Sun Life AMC Limited in April 2006 as Research Analyst and Portfolio Manager and has also worked as Portfolio Advisor for offshore funds. Prior to joining ABSLAMC, he worked as an Equity Research Analyst with Emkay Global Financial Services Limited.

    Roles & Responsibilities with respect to Risk Management Roles & Responsibilities with respect to Risk Management

    SN

    Particulars

    1

    Manage investment risk of managed scheme(s). i.e., market risk, liquidity risk, credit risk and other scheme specific risks within approved limits

    2

    Ensure adherence to relevant SEBI guidelines in respect of RMF and relevant principles thereunder including risk identification, risk management, reporting and corrective actions etc., SID, internal & Regulatory limits

    3

    Ensure adherence of applicable provisions of Mutual Funds Regulations including Code of Conduct per Schedule V B.

    4

    Adhere to the risk appetite framework of the schemes to maintain appropriate risk level for schemes.

    5

    Suggest / provide inputs on changes required to risk appetite to the CIO

    6

    Recommend reduction/ change in the risk level of the schemes within the Potential Risk Class (PRC) with the approval of CIO.

     

    7

    Report identified risk, risk related events and corrective actions plans to the CIO

    8

    Measure risks in accordance with the approved internal policy and risk metric

    9

    Periodic analysis of bulk trades and block deals of large values

    10

    Analysis and evaluation of ratings received from multiple credit rating agencies for securities across portfolios and take necessary actions

    11

    Ensure disclosures made to clients are consistent with investments and holdings

    12

    Manage and monitor investments in schemes by conducting –

    • o    Quantitative risk analysis

    • o    analysis of concentration limits

    13

    Ensure adherence to the framework for inter-scheme transfers and perform due diligence at the time of buying securities through inter-scheme transfers.

    14

    Ensure maintenance of all relevant documents and disclosures with regard to debt and money market instruments before finalizing the deal

    15

    Take corrective action for deviations, if required, as per the approved Delegation of Power (DoP) and escalate major risk related event to CIO.

    16

    Responsible for daily management of investment risk of managed scheme(s) such as market Risk, liquidity Risk, credit risk and other scheme specific risks and appropriate risk reporting of any risk related event to CIO

    17

    Maintaining risk level as per the risk metric

    18

    Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.

    19

    Perform adequate due diligence of outsourced vendors prior to onboarding

    20

    Ensure periodic assessment of outsourced vendors considering following elements:

    • o   Review of vendors' people, systems and processes

    • o   Documentation and communication of error tolerance and code of conduct and monitoring breaches

    • o   Monitor fraud vulnerabilities in the outsourced process