Op risk staff must challenge bosses to tackle conduct risk

Op risk managers must be prepared to challenge popular staff and products in order to control conduct risk, a speaker at OpRisk Asia warned today

Risk managers need the courage – and the ability – to report suspicious incidents if conduct risk is to be controlled, the OpRisk Asia conference in Singapore heard today.

Suvendu Ganguli, chief operating officer of the bank training company Temaswiss Wealth, said: "Sometimes the in-business risk manager does not always have a second independent reporting line, or the seniority to challenge the business head. I would recommend that they have a direct line to the chief operating officer – he is