Seychelles Pension Fund
Seychelles
Africa

Operational risk management tool

Implementation year
2021

Risk management is a fairly new concept within the Seychelles Pension Fund (SPF) which was established in 2018. As SPF is committed to creating a comprehensive risk management programme to ensure that risk is properly monitored and integrated in on-going management of each section, a new tool was necessary to complement our existing risk register. The tool is Excel based and has provided SPF with a systematic process to better manage and control section risks holistically. Altogether, the tool ensures that existing and emerging risks are identified and managed within an acceptable risk tolerance band as per the set benchmarks for each section. The Operational Risk Management (ORM) tool also facilitates risk scoring on the main risk register during our periodic risk assessment, as all risk events are recorded on the tool and historical data can be retrieved for reference.

Topic:
Information and communication technology
Service quality
Error, evasion and fraud