Risk managers say second line needs to identify its value-added
Risk Live: Risk functions must see themselves as problem-solvers, but first line should share responsibility
The second line of defence should be explicit in thinking about the value it brings to a financial institution, according to senior risk managers, in order to ensure buy-in from the first line and a healthy risk culture across the business.
“When you have direct clients, you see their satisfaction, you see they like your service, they buy your service, you see a direct form of reward,” said Guillaume Figer, chief risk officer (CRO) at Societe Generale International. “For the risk measurement
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