Risk Management Oversight: Good Practices and Challenges
Overview of the Webinar:Operational risk managers have the responsibility to “oversight and challenge” the risk management activities of the risk owners in the financial industry, according to the long-established standard of the “three lines of defense” model – renamed “three lines” in 2020 by the Institute of Internal Auditors. Risk managers, internal auditors and regulatory supervisors alike need clear criteria and observable metrics to be able to assess the strong and weak points of the risk management activities they are mandated to oversight. Taught by a former certified auditor, risk management expert and advisor to the regulator, this webinar uncovers some of the key oversight metrics and suggests ways for second-line risk managers to build a constructive with the first line.
- The three lines model: the recent standard from the IIA
- Evaluating ORM Frameworks in the financial services industry: key criteria
- Oversight and Challenge? Avoiding antagonism for partnership building