Risk Management
AMP’s enterprise risk management framework includes systems and processes for identifying, monitoring and mitigating business, operational and legal risks. Guided by our risk framework, the business assesses risks in a top-down and bottom-up approach and monitor, controlling and mitigating risks as required.
As a business, AMP is exposed by various risks that could materially adversely affect our operations and can be categorised as risks relating to:
- Business, products and industry
- Supply chain
- Economic, market and political conditions
- Employees and operations
- Information technology systems
- Legal and regulatory matters.
Our Enterprise Risk Management (ERM) Committee regularly reports to the Audit Committee who oversees risk management. In addition, management, including our Chief Risk Officer, informs and updates the Audit Committee and the Board of any material incidents, as necessary.
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