Strong risk governance & reporting starts with the right policies
The Three Lines of Defence model is a proven approach to help you create accountability in your organisation.
By clearly defining each line of defence and implementing effective reporting structures, you can have a resilient risk management system.
To support you in defining these frameworks, we created two ready-to-use templates.
This template includes a clear overview of the Three Lines of Defence, each with their key responsibilities described. Besides this, some guidelines are given in terms of governance & oversight and reporting & escalation.
In case you forgot, here are the Three Lines of Defence in a nutshell:
1. Business units & operational management
2. Risk management & compliance functions
3. Internal audit & independent assurance
This document offers you the outline needed to report your key operational risk events, control effectiveness and mitigation actions.
With the template you can easily:
Watch our video to find out how to make this model work for you and better manage risk across your organisation: The ‘Three Lines of Defence’ within risk management.
Fill in the form, download your templates and create clarity across your organisation.
