1st Line Risk & Control Deep Dive

1LoDRiskControl13.00-16.00 BST / 08.00-11.00 EDT
4 &5 May 2022

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Rightsizing 1st Line Risk & Control

Why now?

The perception is growing that, contrary to the original idea of the 3 lines model, we now have too many people in the 1st line, managing an ever-expanding portfolio of risks, but at the same time, still rising numbers of people in the 2nd and 3rd lines validating, checking and monitoring both the 1st line and each other. 

The hope is that technology can help drive the efficiencies and transparency needed to change this, and also that the 3 lines model itself can be refined so that arguments over where people sit take a back seat to discussions of who is best suited to executing particular tasks, regardless of their location in the 3 lines.

However, that growth has raised questions over what is the best practice operating model for the function, the roles it should fulfil and their potential overlap with other lines of defence, the potential for delegation and loss of core business accountability, and a host of other issues. 

What can you expect?

Taking place over two days each with three hours of debates, interactive roundtable discussions for both energy companies and financial institutions and 1:1 meetings, you will have the opportunity to:

  • A series of carefully managed interactive pre-booked discussions between financial institutions, moderated by 1LoD
  • Live keynote presentations and panel discussions incorporating delegate Q&A sessions
  • An intra-delegate messaging system available before, during and after the event
  • The facility to catch up on missed content, on-demand, for seven days after the event is finished
  • An opportunity for short 1:1 video meetings with leading technology vendors and consultants
  • Access to content and presentations from leading technology vendors and consultants

Speakers

VIEW AGENDA

Read the 2021 Post Event Report                                                                                                                                                                                                                

Debate Topics

  • Delineating the Roles & Responsibilities for Optimal Operating Models
  • Evolving Mandate of the 1st Line Risk & Control Function
  • Leveraging Control Automation
  • Controls Change Management and Delivery

Roundtable topics:

  • Creating an Industry Standardised 1 LOD Function
  • Controls of Electronic & Algo Trading
  • Chief Controls Officer/Controls Office of the Future
  • Key 1st Line Controls
  • The Challenges of Hybrid Supervision
  • The Role of Behavioural Science in the 1 LOD
  • Unapproved channels usage in 1st line
  • Risk Assessments in the 1st Line

Who should attend? 

Managing Director, Directors and Heads of: 

  • Chief Control Officers
  • 1st Line
  • 1st Line Controls
  • Chief Controls Office
  • Supervision
  • Risk Assessment
  • Control Testing
  • Controls, Conduct and Supervision
  • Behaviour/ Conduct Risk 
  • Control & Supervision
  • Business Control Unit

 

  • Business Risk Management
  • Business Assurance
  • COOs and Business Managers (Front Office) with a control mandate
  • Front Office Risk and Control
  • Front Office Control & Remediation
  • Front Office Policy Governance
  • Front Office Control change 
  • Business Operational Risk Management
  • Operational Risk Management
  • And Compliance and Audit practitioners who are interesting
    in interoperating with their colleagues in the 1st Line

 

How the Deep Dives work

Networking

  • A series of interactive pre-booked roundtable discussions between financial institutions, moderated by 1LoD
  • An intra delegate messaging system
  • 1:1 video meetings on Zoom

Roundtables

These private, off the record roundtables will be moderated by 1LoD, and will be attended by delegates from financial institutions who have booked their place in advance. They will take place on Zoom, and delegates will be sent discussion topics, and an overall structure of the debate in advance to aid the flow of the discussion. 

What have others said about attending our virtual events?  

Co-Sponsors

 

 

Acin logo

Protiviti

Smarsh

Associate Sponsors

DealCloud

Shield