Sort Controls by the Three Lines
Classify treasury control responsibilities across the Three Lines Model.
Sort each treasury control responsibility into the Three Lines role that should own it. First line: operate and own Second line: monitor and challenge Third line: independent assurance Prepare a payment file from approved invoices Perform daily bank reconciliation and clear exceptions Monitor monthly breaches of counterparty concentration policy Challenge whether the hedge policy still matches market risk appetite Independently test whether payment approvals operated as designed Review whether bank portal access removal evidence is reliable Execute an approved derivative trade within delegated authority Report recurring policy exceptions to the risk committee
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