Rigorous Risk Management

We inherently operate in volatile markets, so every day we confront and manage risk.

Our Risk Management Process

Business Risk Management

We maintain a comprehensive framework that defines our strategic direction, including geographic focus, types of trades, and risk-control measures. This framework guides our operations and establishes clear boundaries and objectives.

Compliance Oversight

We are committed to developing and enforcing robust compliance policies, ensuring adherence to anti-money laundering, anti-bribery, and anti-corruption laws, as well as conducting thorough Know Your Customer (KYC) processes.

Trading Risk Control

Through established risk management controls and processes, we systematically hedge index price exposures and manage basis risk and other unhedgeable exposures, while identifying and mitigating various market risks.

Financial Risk Monitoring

We assess deal-specific financial risks, monitor liquidity requirements, and manage credit risk across different dimensions, while ensuring tax and financial compliance.

Systems Risk and IT Security

We monitor IT risks, ensure reliable daily P&L and real-time position reporting, integrate our divisions with accounting, and guarantee the reliability of our IT infrastructure and cyber-security protections.

Sanctions Policy

We maintain a robust sanctions compliance program, adhering to all applicable sanctions regimes and conducting regular screenings against sanctions lists. Our policies and procedures are designed to mitigate the risk of potential sanctions violations.

Employee Training and Guidance

We are committed to providing comprehensive training and guidance to our employees on compliance matters, ensuring they understand and adhere to our policies and procedures.

A Philosophy of Compliance

Our commitment to ethics and compliance starts with our leadership team and extends to every staff member, every partner, and every counterpart. A culture of compliance is built into our organisation and affects everything we do.

Our compliance program (spanning commercial compliance, financial compliance, and regulatory compliance) ensures full and complete adherence to all appropriate laws, regulations and international standards. Moreover, our rigid corporate protocols ensure proactivity in this domain: we constantly strive to ensure transparency, open reporting, and strict monitoring. Our in-house Legal and Compliance Department continuously reviews and improves our policies and controls to meet evolving needs.

We have developed internal policies including our ‘Anti-Money Laundering, Anti-Bribery & Corruption Policy’ covering topics including gifts and entertainment, conflicts of interest, third-party payments, and trade and economic sanctions. All staff members receive a mandatory annual training on this policy.

We are committed to maintaining the highest standards of compliance and ethical business practices. Our risk-based approach to assessing and monitoring client relationships is built on a comprehensive due diligence framework that includes stringent Know Your Customer (KYC) protocols, rigorous counterparty screening processes, systematic background checks, and robust mutual registration procedures.   

Compliance is an integral part of our corporate culture, and we maintain a zero-tolerance approach to any violations. Adherence to external laws and internal policies is a shared responsibility across all levels of our organisation. We foster an environment of accountability and ethical conduct, empowering our employees to uphold our commitment to integrity in all business dealings.