How Data is Changing the 1st Line of Risk & Control Function

When asked to identify their most significant concerns about the current operating model for first line risk and control, 58% of respondents cited the broadening scope of risks to be covered. This has important implications for the first line of defence — in terms of responsibilities, relationships with other lines, technology and staffing.

The first line of defence is evolving, and data will play a critical role in managing and mitigating risk for banking institutions.

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In this report from the 1LoD “1st Line Risk & Control” event, learn more about:

  • How banks can leverage data generated by automated controls to identify areas of risk
  • The need for cross-collaboration throughout the organisation to collect all the appropriate data
  • Necessary revisions to the risk and control self-assessment (RCSA) process to encompass new risks

Get the free report to find out how global banks are using data to proactively manage risk across the entire organisation.