What is the second line of defence (2lod)?
Context Understanding organisational structures is vital for career progression. If you are moving from an operational role into a governance, oversight, or more senior management position, grasping the distinction between executing controls and overseeing them is essential. Definition Within the standard governance model, the second line of defence consists of the functions responsible for defining risk management frameworks and compliance standards. Typical second-line functions include Risk Management, Compliance, and Legal departments. ...