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PRIORITY: INVESTMENT PROJECT: INTERNAL COST RECOVERY
RISK PROGRAM This project is all about ensuring fair and
We’re focused on building and equitable allocation of internal costs
integrating a robust investment risk through a new policy and methodology.
approach, capability, and culture. As an The aim is to provide more transparent
asset manager, taking and managing reporting of cost recovery and derivation
investment risk is the core of what we do. of cost allocations.
PRIORITY: INFRASTRUCTURE PROJECT: INVESTMENT
AS A SERVICE VALUATION PROCESSES
Infrastructure as a Service (IaaS) is To create greater confidence in valuations
synonymous with cloud-computing. A used for financial and performance
service provider will host and manage reporting, and bonus calculations, we’ll
BCI’s underlying IT infrastructure (servers develop a formal valuation policy.
and storages). Moving to a hosted model We’ll reduce dependency on outside
is a significant undertaking that will be valuations, and value illiquid funds
implemented in phases. We achieved more frequently.
phase one of this project, the transition to
a cloud-based service, in June 2017. Phase PROJECT: MICROSOFT
two, the implementation of the Pandora OFFICE UPGRADE
building network and data centre services With Microsoft Office 2007 no longer
is set for early 2018. being supported after 2017, we’ll upgrade
everyone’s computers to a supported
PROJECT: INTERNAL CONTROLS version.
We’ll fully document controls to allow for
evaluation of control design, and expand
the scope of the control program to fill
current gaps. Also included in this project
is the development of a certification
program to ensure controls are
operating effectively.
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