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The evolution of the 1st Line of Defence is a critical focus for financial institutions as they navigate increasing regulatory expectations, operational complexities, and emerging risks. To maintain efficiency and oversight, firms must redefine roles and control frameworks to ensure the 1st line is right-sized and free from duplication with the 2nd line. Technology, particularly automation and AI, will play a key role in enhancing risk management processes, reducing manual workloads, and enabling real-time decision-making.

With the risk landscape evolving rapidly, organisations must balance innovation with governance, leveraging data-driven strategies to build resilience against cyber threats, third-party risks, and market disruptions. Effective cross-functional collaboration across the three lines of defence will be essential in strengthening risk culture, ensuring adaptability, and improving the overall risk management framework.

Through expert-led discussions and interactive roundtables, participants will gain insights into reshaping risk assessments, enhancing key controls, and leveraging technology to drive a more dynamic, proactive, and future-ready 1st line.
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What's New for this Year?

  • Join senior leaders from other industries as they discuss ‘Reshaping Effective Roles and Responsibilities in the 1st Line’
  • Hear from senior practitioners facilitating the roundtable discussions who will be discussing developing a successful 1st line functions, benchmarking non-financial risk & controls.
  • With a growing spotlight on technology and AI, participants can learn about successful use cases for Evolving the 1st line through technology and processes.
  • Closed to the press and held under Chatham House Rule, each debate and roundtable discussion will tackle bolder questions, inviting honest, unfiltered, and even controversial conversations

What to Expect

  • Engage with your peers from around the world on the topic of culture and conduct
  • Understand the UK and US regulators’ stance on the expectations for financial institutions to follow regarding risk culture and conduct
  • Learn from practices in other industries as to how they manage their risk culture
  • Hear from experts in the field of behavioural science within financial institutions
  • Discuss with senior practitioners the barriers to fostering a positive risk culture
  • Be introduced to how technology and AI can aid progress in the field

Debates

Sessions where four or five Managing Director-level practitioners discuss and debate a particular topic or issue. Panel debates are a great way to explore complex topics and get multiple perspectives on a subject.

  • Reshaping Effective Roles and Responsibilities in the 1stLine
  • Leveraging Innovative Strategies to Manage Emerging Risks
  • Evolving the 1st Line Through Technology and Processes
  • Transforming the 1st Line to Achieve Robust Control Frameworks

Roundtable Discussions

Private, off the record roundtables are moderated by leading practitioners in the field of culture and conduct and are designed to promote dialogue and collaboration among the attendees.

  • Evolving Risk Assessments
  • Enhancing Risk Culture and Accountability in the 1st Line
  • Key 1st Line Controls
  • The Future of the 1st Line
  • De-siloing the 1st and 2nd Lines of Defence
  • Mitigating Cyber Risks and Third-Party Risk in the 1stLine
1st Line Report 2024
What's Next for the 1st Line Risk and Control Function? Integrating Forward-Looking Strategies and Proactive Partnerships
1st line functions must consider the target operating model. While the 1LOD originally focused on testing and control, it now embraces broader risk-management roles that support business operations more directly and effectively.
Read the full Report

Who should attend?

Managing Director, Directors and Heads of:
  • Chief Control Officers
  • 1st Line
  • 1st Line Controls
  • Chief Controls Office
  • Supervision
  • Risk Assessment
  • Control Testing
  • Controls, Conduct and Supervision
  • Behaviour/ Conduct Risk
  • Control & Supervision
  • Business Control Unit
  • Business Risk Management
  • Business Assurance
  • COOs and Business Managers (Front Office) with a control mandate
  • Front Office Risk and Control
  • Front Office Control & Remediation
  • Front Office Policy Governance
  • Front Office Control change
  • Business Operational Risk Management
  • Operational Risk Management
  • And Compliance and Audit practitioners who are interested
    in interoperating with their colleagues in the 1st Line

How the Deep Dives and Annual Reports work

Networking

Deep Dives offer virtual interaction through an intra-delegate messaging system, opportunities to pose questions to speakers in real time, and interactive roundtable discussions.

Chatham House Rule applies, creating a safe environment for a free discussion and no press attend.
Networking
1LoD reports

Annual Report

Deep Dives are 1LoD's annual update on a non-financial risk function or topic. Content is presented in a 6- or 8-page report which summarises 4 hours of debate between 16 practitioners at Managing Director level who are leaders for their functions, often joined by the relevant regulators

Roundtables

Private, off the record roundtables are moderated by 1LoD, and attended by delegates from financial institutions who have booked their place in advance. They take place on Zoom. Delegates are sent discussion topics, and an overall structure of the debate in advance to assist the flow of the discussion.
Interactive Roundtables
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Why sponsor the Annual Report?

Deep Dives provide the industry with an annual update on the latest trends and thinking on the function or topic in focus. They:

• Generate Demand
• Gather Intelligence
• Raise Your Profile
• Create Content
Contact us to Learn More

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