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Ability to customize Key Risk Indicators
Selection of scorecard reporting tools
Concentration on operational risk, but methodology suitable for all types of risk
Aligning KRIs with organisational strategy and risk appetite
Ability to develop predictive KRIs as well as lagging indicators
Geared towards financial services organisations, such as Banks and Insurance companies
How to identify casual KRis and root cause analysis
Learning process mapping and control design
Designing and selecting preventive KRI s
Monitoring and validating KRI s
KRIs for special situations such as stressed environments or emerging risk
Developing dashboard for KRIs
Aligning risk culture and risk appetite with key risk indicators
A smaller set of focussed key risk indicators that concentrate on the core variables for the ‘risks that most impact the business’ are far more valuable than a raft of complicated and difficult to understand measurements. Too often the army of professionals that measure and report on risk indicators are disconnected from the organisational goals and the risk appetite. This course is about developing meaningful KRI s that matter.
This course is about enabling the attendees to do what needs to be done in order to create meaningful KRI s that will make a difference to the risk decision-making at strategic level. Not only will the attendees learn the theory and methodology, but also they will develop some working KRI s to take back into their working environments and have the confidence to apply them immediately.