At Syntrus Achmea Real Estate & Finance, risk management is set up in accordance with the ‘three lines of defence’ model.
The management is responsible for managing the risks during day-to-day activities. Risk- and compliance-related matters, such the status of issues and incidents, are discussed every month in the Risk Review Committee. We furthermore discuss the progress of implementing legislation and regulation.
Risk Management and Compliance monitor the management by the first line, and advise on additional measures when necessary. Periodically testing the implementation of measures within the framework of the processes outsourced to Syntrus results in an annual ISAE report, including a statement from an external auditor.
The internal accounts department conducts audits and consulting assignments concerning processes and themes within Syntrus Achmea Real Estate & Finance. Every audit or consulting assignment is concluded with a report with findings and recommendations. Internal Audit also reports to the Audit & Risk Committee and our Funds’ Audit Committee.