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AMAL’s governance, risk and compliance framework underpins the entire business model and is one of the key reasons our clients choose to outsource the servicing of their portfolios to us.
Directly and indirectly, AMAL spends over $A2 million each year on governance, risk and compliance. This investment provides our clients with a range of benefits but, most importantly, it provides their management, business partners and customers with the confidence that we will maintain the highest standards of service, compliance and quality.
AMAL’s corporate governance framework is overseen by its Board of Directors. The Board has established focussed committees whose chairs are responsible for carrying out discussions on important company matters and daily operations, both at Board and management level. AMAL’s internal controls framework is based on ISO9001:2015 Quality Management System, and includes both preventative and detective controls such as:
AMAL maintains a comprehensive, ongoing internal audit process across all areas of the business, overseen by the Executive Director – Governance, Risk and Compliance.
The identification, analysis, monitoring and treatment of risks both within and outside of the business is a continual process, overseen by AMAL's Risk Management Committee.
AMAL uses a cloud-based risk management and compliance product called Promapp, which was built on the framework provided by ISO31000 Risk Management – Principles and Guidelines.
Compliance with laws and regulations is continually monitored at both a corporate and client level. This includes a number of components:
The AMAL Group has a strong focus on corporate and personal ethics and this is underpinned by a number of policies, processes and commitments including:
AMAL is subject to a number of external audits including the following:
AMAL has gone live with the Longreach Direct Credit Fund, provided by specialist alternative asset manager, Longreach Alternatives.
The fund is available to wholesale investors and invests in senior secured loans to Australian corporate borrowers.
AMAL is providing a range of services to the fund including primary servicing and trustee services.
AMAL has been appointed Back-up Servicer to a funding facility for StockCo.
StockCo have been providing innovative livestock financing solutions in Australia and New Zealand since 1995.
Based on the requirements of the stakeholders and the nature of the business, AMAL has developed a tailored Back-up Servicing plan with a specific focus on the systems used by StockCo to manage the receivables.
Galileo Funds has appointed AMAL as Facility Agent and Security Trustee for its $A80 million construction facility for the Pallisade Miranda residential development.
The transaction is a syndicated facility arranged by Metrics Capital Partners together with an offshore lender.
Palisade is an eight-storey, resort-style development of 197 apartments from developer Galileo Funds.
Wholesale Rental Finance Pty Ltd (WRF) has appointed AMAL as Trustee and Trust Manager on its securitisation funding facility with Bendigo and Adelaide Bank. The transaction was closed as part of the acquisition and refinancing of WRF by a consortium of investors including former Pepper executives, Partick Tuttle and David Holmes.
Established in 1999, WRF (operating as the Little Lease Company) provides small and micro-ticket asset-based finance to Australian small businesses.
AMAL has been appointed Back-up Servicer of a $A250 million bank warehouse for the Thorn Group.
The warehouse backs Thorn’s equipment finance business, which provides commercial rental and leasing solutions for business and government.
BC Securities has appointed AMAL as Primary Servicer, Trustee, Security Trustee and Trust Manager to their $A700 million program for non-resident borrowers. The facility comprises a $A500 million warehouse facility with a foreign investment bank and a $A215 million debenture issue.
BC Securities are a Melbourne-based asset management, corporate advisory and real estate finance firm, with a close relationship with Hong Kong-listed Far East Consortium.
The program leverages AMAL’s integrated service offering across both loan servicing and trustee services; unique in the Australian marketplace.
ASX-listed BIS Industries has appointed AMAL as Facility Agent and Security Trustee for its $A800 million syndicated debt facility.
BIS is a mining services company that provides logistics, materials handling, specialist underground equipment and consulting services to resources companies across Australia and Indonesia.
AMAL have replaced the incumbent Facility Agent and Security Trustee and are working closely with the financiers through a complicated debt restructure process.
AMAL has been appointed Back-up Servicer of a new facility for Credit Corp to fund personal loans via their Wallet Wizard brand