INMA S1.3.6 Human resources risk

(1) Human resources risk is the risk of loss resulting from inadequate human resources.
(2) An INMA firm’s risk management policy should include processes and procedures for identifying, managing and mitigating human resources risk. The policy should include processes and procedures for:
(a) risk identification and assessment of the firm’s human resources requirements;
(b) ensuring that it has an appropriate number of suitably qualified and trained staff in accordance with the nature, scale, and complexity of its business;
(c) managing and mitigating the loss of key personnel; and
(d) monitoring and supervising its staff.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).