Operational risk managers told to do less to succeed

Resist temptation to intervene often, says head of op risk at UBS Asset Management

ubs-zurich
UBS headquarters, Zurich

Operational risk teams should be wary of intervening too quickly when things go wrong, said Christian Hunt, global head of compliance and operational risk control at UBS Asset Management, speaking at the OpRisk Europe conference in London today (June 15).

Op risk managers should act as "fire marshals, not firefighters", Hunt said.

If the second line of defence got involved too often, it would interfere with its duty to challenge and report, and may build a habit of dependence among business

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here