Roundtable: Defining the Roles and Responsibilities of 1st Line and 2nd Line Teams
Roundtable
2025-07-01 | 02:15 PM - 02:55 PM (GMT+00:00) London
Information
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- How have expectations around the roles and responsibilities of the 1st and 2nd lines evolved in KYC and onboarding, and where does ambiguity still exist?
- How are firms ensuring the 2LOD does not become over-embedded in day-to-day processes, and what are the risks when they do?
- How are firms training or upskilling 1LOD staff to take greater ownership of KYC risk while maintaining appropriate governance and control?
- In what scenarios is escalated collaboration between 1LOD and 2LOD teams most critical, and how can these interactions be streamlined?
- What strategies are supporting more consistent and effective communication and challenge between the lines of defence?
Speakers
Darshit Shah
Morgan Stanley
Director, Client Onboarding Regulatory & Data Services