Corporate Review
Risk Management Department

The Risk Management Department was created in 2013 as part of SEDCO’s drive towards high standards of corporate governance.

In 2018, Risk Management continued to be an integrated part of SEDCO Holding’s strategy, putting in place extensive mechanisms to identify, measure, monitor and mitigate risks.

It works in collaboration with the Risk Management Committee (RMC) and the Board Audit and Risk Committee (ARC).

The Risk Management team is a critical driver of SEDCO Holding’s reputation for having Risk Management standards far more stringent than the benchmark for family-owned businesses.

In 2018, Risk Management continued to be an integrated part of SEDCO Holding’s strategy, putting in place extensive mechanisms to identify, measure, monitor and mitigate risks. In 2018 it carried on systematically identifying and quantifying risk, while matching it with risk appetite and tolerance.

Risk Management improved its integrated and customized risk management framework. The framework calls for individual investment risk scorecards from each of SEDCO Holding’s diversified asset teams, feeding them into an overall risk dashboard. The department’s proactive approach continued embedding risk calculations within the company’s asset allocation while setting risk limits for investments, markets and operations.

The department furthered its risk evaluation of all Group assets. Continuous evaluation is part of a strategy to turn risk into a quantifiable element priced directly into SEDCO Holding’s investment strategies.

On the personnel front, the department conducted a campaign of in-house training for Group employees with the aim of helping them embed the idea of quantifiable risk into daily processes and company culture.

The Chief Risk Officer spoke at various industry symposia and key events on risk management to inform fellow professionals while burnishing SEDCO Holding’s risk management credentials in the market.