Recall the difference between control ownership, risk challenge, and independent assurance in banking.
Who owns a daily banking control? The first line that performs the process owns the control and evidence. Risk or compliance may set standards and challenge, but ownership stays with the process owner. Ownership First line versus second line: what changes? Both matter, but they are not interchangeable. Manager says: "Compliance owns that exception report." Compliance owns the exception report. A first-line process is trying to hand off control accountability. Your line Compliance can define and challenge the standard, but our team owns timely review, evidence, and escalation for this process. Calling it a compliance issue can hide the first-line…
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