180. The head of the RMF should have sufficient expertise, independence and seniority to challenge …

The head of the RMF should have sufficient expertise, independence and seniority to challenge decisions that affect an investment firm ’s exposure to risk s. Where the head of the RMF is not a member of the management body, taking into account the principle of proportionality as set out in Title I, investment firms should appoint an independent head of the RMF who has no responsibilities for other functions and reports directly to the management body. Where it is not proportionate to appoint a person who is dedicated only to the role of head of the RMF, taking into account the principle of proportionality as set out in Title I, this function can be combined with the head of the compliance function or can be performed by another senior person, provided there is no conflict of interest between the tasks performed. In any case, this person should have sufficient authority, stature and independence (e.g. head of legal).

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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