The second line of defence consists of the independent functions of Risk Management, Compliance, and Operational Risk. This line of defence monitors and facilitates the implementation of effective risk management practices by the first line, providing "oversight and challenge"; and also assists the "risk owners" in producing and interpreting risk-related reporting.
The second line of defense includes the autonomous roles of Risk Management, Compliance, and Operational Risk. It supervises and assists the first line in executing effective risk management strategies, offering "oversight and challenge," while also helping "risk owners" create and interpret risk-related documents.