Report on the Description of the National Settlement Depository Controls, Suitability of Controls Design and Operating Effectiveness,
12 October, 2015
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procedures are reported to stakeholders. These reports are used to tailor the confidential
information protection activities.
The Information Security Department works continuously to improve their guidelines and
regulations: they perform an ongoing monitoring of legal and regulatory changes and make
relevant and timely amendments to existing versions of internal documents.
Due to changes in regulatory requirements, in 2014 the internal documents were updated.
Human Resources policy
As part of its human resources policy, the Company carries out the following main functional
activities:
Designing organisational and staff structures, and making staff list;
Managing the career development and reward system;
Managing the financial and non-financial motivation system;
Performance management;
Building and developing a corporate training system;
Staff recruitment;
Implementing projects on corporate culture development; and
Human resources administration.
The Human Resources Division's activities are defined and regulated as related to HR
administration, staff recruitment, performance management, motivation and social policy, and
functional and position hierarchy. The Company has the Code of Professional Ethics approved
by NSD Supervisory Board's decision of 16 October 2012.
New joiners sign their Job Descriptions, get familiar with the Internal Work Order Regulations,
the Regulations on-the-job safety activities, the Regulations on bonuses, the Regulations on the
Corporate Social Policy, the List of Confidential Information, the Instruction on Compliance
with the Information Security Procedures, the Memorandum on Information Security Incident
Response, the Regulations on Anti-Corruption and Anti-Bribery Activities, and other internal
documents, and sign Non-Disclosure Obligation, take induction training on risk management,
business continuity, anti-money laundering and terrorism financing, and other compliance
procedures.
The Company encourages training and staff development initiatives. Company employees
actively participate in international and Russian forums and conferences, attend workshops and
training sessions on professional activity-related topics, participate in secondments, and take
relevant professional certification.
The career planning, remuneration and motivation system is based on the current grading
system. Performance appraisal is conducted against both corporate and personal goals. Goals
setting and performance appraisal are done on an annual basis. Performance appraisal includes
a review of whether an employee has accomplished the set goals and meets the requirements of
the corporate competencies and values framework.
Candidates for vacant positions are selected in accordance with the established job requirements
as confirmed by corresponding line managers, and also in accordance with the requirements of
the Bank of Russia.
