As head of IT risk and governance of Lloyds Banking Group, Ameet Jugnauth and his team have the unique role of taking a holistic view of cyber risks across the organisation.
As part of his position, he oversees the IT function from a risk perspective, meaning that any operational work, service delivery work, work with third parties and day-to-day operations are analysed to ensure that they’re aligned with Lloyds Banking Group’s risk appetite.
“I’ll be looking at how the activities they’re conducting are linked to our risk appetite and whether we are doing the right things, and if there are any gaps, as well as ways I can support what they’re doing. That covers the core IT function but obviously it’s heavily related to the cyber security office too,” Jugnauth tells NS Tech at Cyber Security Connect UK in Monaco.
Jugnauth explains that his role is ‘second line’; first line risk professionals get into the deep granular details of services, products and processes. They ask questions around controls, how things operate and what tools are being used, whereas Jugnauth takes an aggregated view.
“Using a car analogy, one team is looking at the wheels,…
