Effective Key Risk Indicators 2017 - How to Develop Effective Key Risk Indicators

Why you should attend:
An effective Operational Risk Management function needs to develop and track metrics and other management information to be able to take timely action when there is indication that risk exposure exceeds the firm’s risk appetite or is trending in that direction. KRIs can be trended and provide risk exposure information on a quasi-real-time basis, unlike risk and control self-assessments, which are infrequent, qualitative in nature, and only present the status of risk and controls at a point in time. KRIs also validate and enhance the risk assessment framework by providing objective information that either confirms or reject the subjective assessment reached by the process owners.
Areas to be covered during this session:
• Introduction to Key Risk Indicators (KRIs)
• Importance of KRIs
• KRI Categories
• KRI Program Components
• Identification
• Selection
• Setting Risk Appetite Thresholds
• Tracking and Reporting
• Action Plans
• Roles and Responsibilities
• Major Challenges
• KRI Refinement
• Implementation
This webinar will provide valuable assistance to all personnel in:
• Banks,
• Asset Managers,
• Broker/Dealers,
• Insurance Companies and all other financial institutions
• Other large Corporations
• Risk Software Vendors
• Audit Firms
• Risk Management Consulting