INSTITUCIONAL

INTERNAL GOVERNANCE MODEL

To best ensure an alignment with a best-practices driven model of Internal Governance, Banco Invest makes use of a set of auditing and regulatory entities, both internal and external to Banco Invest.

INTERNAL GOVERNANCE MODEL

The objective of the Internal Governance Model adopted by Banco Invest, is to at all times observe:

The transparency and quality of the Board’s decision making positions;
The efficiency of regulatory and control systems implemented;
The informed and frequent participation by the Banks shareholders in ongoing activities.

The Internal Governance model adopted by Banco Invest is as follows:

RISK CONTROL IN BANK ACTIVITIES

The Bank dedicates the following units to maintain an accountable and measurable control of Bank Activities:

Compliance Department

The Compliance Department is an autonomous, independent body, reporting directly to the Executive Board and the General Supervisory Board.
Its mission is to ensure that Banco Invest, its subsidiaries, and employees comply with legal, regulatory, statutory, operational, supervisory, ethical, and conduct requirements applicable to them at all times, within the framework of the control and institutional supervision environment defined by the relevant regulatory authorities and the legal framework to which it is subject.

Risk Management

The Risk Management Department is an autonomous, independent body reporting directly to the Executive Board and the General Supervisory Board. It ensures the effective implementation of the risk management system by continuously monitoring its adequacy and effectiveness, as well as the appropriateness and effectiveness of measures taken to correct any deficiencies in the system. The Risk Management Function has a comprehensive view of all the risks to which the Bank is or may be exposed.
The Risk Management Function serves as the institution's second line of defense, proposing to the Executive Board for approval a set of policies, procedures, limits, and controls that enable the identification, assessment, monitoring, and mitigation of risks affecting various activities carried out by the Bank. This set of policies, procedures, limits, and controls constitutes the risk management framework.

Internal Auditing Department

The Internal Audit Department is an autonomous, independent body reporting directly to the Executive Board and the General Supervisory Board. Its mission is to assess, through a systematic approach, the effectiveness and adequacy of the organizational culture and internal governance and control systems of the bank, as well as the robustness and continuity of the risk management system and key controls implemented to mitigate risks, in accordance with the bank's objectives and defined strategy.
The scope of the Internal Audit Department focuses on evaluating key controls that mitigate the risks to which the bank is exposed, analyzing the adequacy and effectiveness of the risk management model and the control environment.