IP Payments operates a comprehensive Governance and Risk Management Framework that is driven from a Board approved Risk Appetite Statement and aligned with a Capital Plan commensurate with the associated risks. This is linked into the strategic goals of the company and flows down into individual risk management policies and performance management processes.
Risk management policies are embedded into all aspects of the business including the Project Management Framework, Software Development Processes and BAU Operations. IP Payments operate a Board Audit & Risk Committee that is ultimately responsible for overall risk management of the business.
The framework includes the following key aspects:
- Corporate constitution
- Independent Board with charter and policies
- Independent audit and risk committee with charter and policies
- Risk appetite statement and risk management framework
- Internal compliance manager
IP Payments retains Ernst & Young as external auditor and Grant Thornton as independent internal auditors.