1
Responsible for all the risks at both AMC and Scheme level
2
Responsible for the governance (incl. reputation and conduct risk associated for the respective function) as a whole.
3
Define specific responsibility of CIO and CXO regarding risk management
4
Approve roles and responsibility including KRA of all CXOs relating to risk management
5
Define appropriate risk metric for respective CXO, CIO, fund manager, etc.
6
Define and Monitor risk appetite framework at AMC and scheme level
7
Review risks events across different functions and approve corrective / recommended actions highlighted by the CIO and other CXOs
8
Review identified fraud incidents, loss and near miss incidents along with corrective action plans
9
Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken, if any.
10
Approve the corrective action on various findings and report to the board of AMC and trustee regarding the same and also escalate to board of AMCs and trustees, if required, any major findings being reported.