The Risk and Compliance Department plays a crucial role in ensuring the NTA operates within legal and regulatory frameworks while managing potential risks. Key functions of this department typically include: 

1. Risk Management:  Identifying and assessing potential risks across all operations, Developing and implementing risk mitigation strategies, Monitoring and reporting on risk exposure, Conducting regular risk assessments and updates

2. Compliance Oversight: Ensuring adherence to relevant laws, regulations, and industry standards, Developing and maintaining compliance policies and procedures Monitoring changes in regulatory requirements and updating internal processes accordingly, conducting internal audits to verify compliance 

3. Policy Development: - Creating and updating organizational policies to address risk and compliance issues, ensuring policies align with regulatory requirements and industry best practices

Risk and Compliance Manager

A Risk Compliance Manager coordinates and reviews risk, in implementing policies and procedures established by the NTA. Compliance Managers apply and interpret audit and compliance requirements for various departments. They will interact with external auditors on matters related to audits of the NTA internal controls, assess potential fraud activity, plus develop fraud detection tools. The Risk and Compliance Manager reports directly to the Managing Director of NTA.