Risk Management
From a governance perspective, Fiera Capital’s board of directors has delegated risk oversight responsibility to the Audit and Risk Management Committee.
Our risk management efforts are guided by experienced team members, established frameworks and industry best practices. We continuously evaluate and enhance our risk management practices to adapt to the evolving risk landscape and support our commitment to sustainable growth and value creation for our stakeholders.
The material pillars of our oversight activities are discussed in greater detail below.
Enterprise Risk
Management
Our Enterprise Risk Management function aims to implement a framework that aligns with strategic objectives and fosters a culture of risk awareness.
The framework is intended to provide a structured approach to risk-taking and management and is communicated through risk policies and standards. In collaboration with Fiera Capital’s other risk programs, it is designed to embed risk management activities into all decision-making processes, including identification, assessment, treatment and monitoring of risks.
Internal Controls
Fiera Capital’s Internal Controls function provides objective assurance and partners with the business to enhance the effectiveness and efficiency of the organization's control environment and operations.
By adopting a holistic and integrated approach, it drives accountability and integrity. The Internal Controls function facilitates the regulatory requirements for the National Instrument 52-109 Certification on behalf of management. The Chair of the Board and Global Chief Executive Officer and the Executive Director, Global Chief Financial Officer, together with management, are required to establish and maintain a system of effective Internal Control over Financial Reporting (ICFR) and Disclosure Controls and Procedures (DC&P) to provide stakeholders with assurance regarding the reliability of our financial reporting and the preparation of financial statements for external purposes in accordance with International Financial Reporting Standards (IFRS).
The Internal Controls function also conducts other advisory projects to provide recommendations on business process improvements and optimization, to support management’s decision-making.
Compliance
Fiera Capital is committed to satisfying its legal and regulatory obligations, both in letter and in spirit.
To this end, we have implemented a globally consistent compliance framework that aligns with regulatory requirements and we mandate ethical conduct across all jurisdictions in which we operate. The program targets efficiency and scalability and is risk-based, ensuring effective oversight as our business grows. The Compliance function operates with independence, providing objective challenges while concurrently partnering with our global business teams.
Cybersecurity
Fiera Capital has established a comprehensive global cybersecurity program, integrating people, processes, technology and information, guided by global information security policies and robust risk management.
Led by the office of Global Chief Information Security Officer and overseen by Fiera Capital’s Security Governance Committee (FSGC), which includes executive leadership, this defensive in-depth program ensures our security practices adhere to the NIST Cybersecurity Framework (CSF), incorporate the CIS Critical Security Controls (CIS) and align with the ISO/IEC 27001/2 standards. The Audit and Risk Management Committee plays a crucial role in governing the cybersecurity program, providing oversight to ensure accountability and strategic alignment.
Cybersecurity risks are factored into our enterprise risk management framework, and Fiera Capital ensures effective oversight and management of cybersecurity risks through proactive mitigating controls and appropriate insurance coverage. A comprehensive third-party risk management framework is in place to gain assurance of cybersecurity measures within our supply chain and vendor ecosystem.