Risk Management

“Effective risk management” is the way forward as KWAP gradually evolves and progresses. In principle, this can be achieved via three building blocks namely having the right “Infrastructure”, “People”, and “Framework”.

• Key to being efficient and effective is to leverage off technology by bringing the appropriate IT system infrastructure to cater to our needs. This includes risk systems and the reporting and monitoring solutions.
• Complementing system infrastructure is an efficient process flow that covers risk identification, risk measurement, monitoring and risk mitigation.

• Firstly is bringing in the right people to drive risk management of KWAP. This involves recruitment as well as technical training to ensure a dynamic, forward looking high performance risk team. Succession planning and cross discipline training are key to ensure the continuity in risk management and the organisation.
• Secondly, is getting the organisation to embrace risk management, via organisation-wide risk awareness seminars,  technical risk training and hands on engagement at all levels of staff..

• A well-documented Risk Framework and its ancillary policies are essential to inform all stakeholders of the way the business is conducted and obtain an understanding on the important method of risk management in our organisation.
• Risk management goes hand in hand with investment goals, both long-term and short-term. Risk Management is an essential partner in setting and achieving organisational goals.
• Profits targets are set in tandem with risk limits to ensure a return profile that commensurates with our risk appetite.