Establish Your Warning System Right
Key Risk Indicators
Put Your Knowledge into Practice
Course Overview: Key Risk Indicators (KRIs) are observable and measurable information that can be used to identify the symptoms and “red flags” created by risks. This course explores how to identify KRIs in your organization, linking them to both the risks and the controls necessary to contain them. It examines how to collect, score and find patterns in KRIs across different units in your organization. And it looks at the steps employees can take to report and escalate issues about KRIs to the appropriate management or committees within the organization.
Course Outline
Defining Key Risk Indicators (KRI’s) Objectives of RCSA
- What are KRIs?
- Objectives of KRIs?
- Types of KRIs
KRI Inputs – Determining the parameters What are risk controls?
- Assigning KRIs
- Setting frequency
- Determining thresholds
- Linking KRIs to risks and controls
KRI Processes – Collection, scoring and Aggregation
- Collecting KRIs
- Scoring KRIs
- Aggregating KRIs
KRI Outputs – Reporting and Follow-up Process
- Reporting KRIs
- Notifying and escalation issues relating to KRIs
- Using reports and taking action
Level: Intermediate to Advance
Duration: 1 Day
Capacity: 10 People
Pre-requisite: None
Who Should Attend
This is an intermediate level training with a review for the basics. It will be suitable
to beginners and med level officers of:
- People working in Operational Risk
- Internal Audit staff
- Risk Mangers
- Internal Audit Managers
- Compliance Managers
- Main Heads in Business and Operations Functions
Learning Outcomes
- Get an in-depth understanding of the objectives of a KRI process
- Get an understanding of how KRIs fit into the overall enterprise risk management framework
- Become able to identify and design and implement effective group of relevant KRIs
- Design an effective and efficient KRI process from collection and recording to reporting
- Learn how to scale KRIs and reflect risk appetite / tolerance into the KRI process
- Learn how report KRIs in a meaningful way to the senior management
- How to use KRIs in risk and general management
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B Perception
Beirut, Lebanon