Talking Risk

And who would know what can prevent you from completing your assignments?

Let me answer that because we done know why ‘some people’ can’t finish they assignment and it has nothing to do with the Bank.

He was speaking in general! The same people doing the assignment and their supervisors should know what could prevent them from finishing it.

Let me ask a question – who do you think understands your department’s work best?

We who doing the work day in and day out – who else?

One more thing – so if you know something can prevent you from finishing your assignment, what would you do?

Go to the supervisor and see what they could work out so I could get my work done.

That’s management. Knowing the issues/risks that can impact your objectives and taking steps to address them. That is the role of the first Line of Defence in risk management. risk

What all these question have to do with risk management?

So when me, the small man, have all them military responsibility, what about the higher ups?

Whoa… You turn military on me now. First line of Defence - I ain’t come work to fight no war!

It’s just a term used to show that those who are directly involved in the specific task are the first to encounter any challenges.

Not only the challenges, but as part of their duties, they also are the ones to implement any controls to minimize the impact.

The

department’s

Good question caller.

management team forms part of the first line of defence and has ultimate responsibility for managing the department’s risk.