Operational risk managers told to do less to succeed
Resist temptation to intervene often, says head of op risk at UBS Asset Management
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
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