Enterprise Risk Management

Enterprise
Risk Management

Our Approach

Fiera Capital operates in a dynamic and fast-changing global environment, and as a result, we are subject to an ever-evolving risk environment.

Our risk culture fosters prudent risk management through the combination of entrepreneurial leadership and an effective and efficient control framework. This approach allows us to intelligently pioneer new investment strategies and enhance and deepen client relationships. Our enterprise risk management framework (“ERMF”) and robust internal controls have helped us navigate the macroeconomic and geopolitical uncertainties of 2023.

Governance

Fiera Capital Corporation’s Board of Directors (the “Board”) is accountable for the overall stewardship of the ERMF.

The Board has delegated to the Audit and Risk Management Committee the oversight of the ERMF process and policies.

All material risk management decisions are escalated to the Board.

Entreprise
Risk Management

Enterprise Risk Management Framework (ERMF)

Risk management is fundamental to our operations, embedded within our organizational structure through the ERMF.

The ERMF ensures the identification, assessment, monitoring and mitigation of current and emerging risks, aligning with our obligations as a public-listed company and parent-company of several regulated entities.

Our ERMF includes a range of risk categories, such as strategic, financial, legal and compliance, investment, operational, cybersecurity and data privacy risks. Each category is overseen and managed by independent control functions including the Risk and Compliance functions. This helps ensure clarity over responsibility for risk management and segregation of duties between those who take on and manage risk and those who oversee and provide assurance on risk.

Enterprise Risk Management enables Fiera Capital to deliver valuable returns for clients in a measured and controlled fashion. As a firm we channel our entrepreneurial history to drive innovation in a risk-adjusted way.

In today’s dynamic cyber landscape, our steadfast commitment to cybersecurity and proactive management of technology risks is integral to our business operations, fostering a cyber risk- aware culture and operational resilience. We protect our business and cultivate trust with stakeholders through a comprehensive cyber program that integrates people, processes, information and technology.

Catherine O’Reilly

Global Head of Enterprise Risk Management
(ERM)

Testimonials

Regulatory Risk

We operate in a complex and dynamic regulatory environment that necessitates a culture of compliance. To tackle these challenges, we leverage a compliance framework, aided by technology, to manage our regulatory compliance risk intelligently, consistently and efficiently.

Jonathan Moncrieff

Global Chief Compliance and Investment Risk Officer

Financial Reporting
& Business Process Risk

The Global Internal Controls function utilizes a holistic, integrated and systematic approach to objectively evaluate and make continuous improvements to Internal Controls using a risk-based approach that drives value to the business by taking a proactive approach, keeping up with business changes whilst ensuring best practices and compliance to regulatory requirements.

Moni Gupta

Vice President, Internal Controls

Key Highlights in 2023

In 2023, a number of developments and initiatives were undertaken to progress our management of risk. Some of these are summarized below:

Enhanced monitoring of risks associated with Fiera Capital’s organic growth transformation agenda and the move to a regional distribution operating model.
Strengthened our defenses against ransomware threat by enhancing backup security and reinforcing protection for our digital crown jewels, bolstering our overall security posture.
Adopted an automated compliance workflow solution to efficiently document, assess and manage regulatory compliance risk.
Risk dashboards enhanced to support the review and challenge of investment risks including sustainability risks.