Pre-Conference Workshop II-First vs. Second Line of Defense
Sunday, May 5, 2019 1:00 PM - 4:00 PM
Fiduciary Compliance Director
Wealth Markets Global Trust Compliance MUFG UNION BANK, N.A.
San Diego, California
Head of Governance and Controls
CIBC PRIVATE WEALTH MANAGEMENT
In this workshop, Participants will:
- Learn how other shops have structured their 1st and 2nd lines of defense.
- Which line “tests,” which line performs “monitoring,” and what about “controls testing?”
- How does the frst line identify and assess the risk?
- How does the second line test, monitor and provide advice without blurring responsibilities?
- Learn how these two functions operate and report to senior/executive management.
- Learn how open issues are tracked, monitored and closed.
- What are the expectations of the regulators?