Alvarium Social Housing Advisors Limited has in place a number of controls to ensure good governance throughout its operations. The risk mitigation measures apply to:
We are committed to conducting business with the highest integrity and in compliance with the letter and spirit of the law. All employees must adhere to our management policies and procedures. Alvarium Social Housing Advisors Limited is an appointed representative of Alvarium RE Limited, and therefore required to comply with its compliance systems. The Compliance Oversight Officer and Money Laundering Reporting Officer for Alvarium RE Limited has responsibility for:
- implementation, monitoring, review and enforcement of our policies and procedures, including those relating to tackling financial crime and preventing conflicts of interests;
- overall responsibility for regulatory compliance and risk management;
- making regulatory filings and submissions;
- advising on new regulatory requirements or initiatives; and
- reviewing conflicts of interest.
Alvarium Social Housing Advisors Limited employees receive training to ensure they understand their compliance obligations, and understand how to identify potential issues. This training also provides information about the escalation and reporting processes which should be followed in the event that a potential issue or risk is uncovered.
Investment risk is overseen by the Investment Committee which monitors all capital transactions undertaken by the firm. This committee ensures that investment teams place the proper emphasis on preservation of capital, identification and management of investment risk and appropriate pricing of risk at the portfolio and property level. The Investment Committee is responsible for monitoring portfolio risk and reviewing each of the investment portfolios on a half-yearly basis.
In addition, an independent standing valuer has been engaged for HLIF. Independent valuations of the properties held in the HLIF portfolio are provided on a quarterly basis, with each property being subject to a physical inspection on at least an annual basis. This improves the objectivity of the reviews and assessments which Alvarium Social Housing Advisors Limited conducts in relation to the HLIF portfolio.
Alvarium Social Housing Advisors Limited is part of the wider Alvarium group, which provides support in relation to operational matters. This includes in relation to financial controls, IT systems, cybersecurity and disaster recovery/business continuity procedures. The Alvarium group provides investment services in multiple jurisdictions globally, and is therefore well placed to provide operational support to mitigate risk for Alvarium Social Housing Advisors Limited.