Choosing and Using Key Risk Indicators

Why Should You Attend:

A Key Risk Indicator, also known as KRI, is a metric used in risk management to indicate the riskiness of an activity. KRI’s are important tools within risk management and are used to enhance the monitoring and mitigation of risks and facilitate risk reporting. KRIs enable risk managers to identify conditions that may result in losses and act upon them before actual losses are realized. Metrics also act as indicators of changes in the overall risk profile of a firm.

KRIs play an important role in risk management by highlighting areas of elevated risk and enabling timely action. KRIs enable firms to:

• Identify current risk exposure and emerging risk trends
• Highlight control weaknesses and allow for the strengthening of poor controls
• Facilitate the risk reporting and escalation process
• Support risk quantification and identifying opportunities to improve processes
• Validate and enhance the risk assessment framework by linking KRIs to risk causes and allowing management to monitor exposure to adverse events Help define and set working level risk appetite based on event frequency
• Assist with scenario analysis and stress test exercises as a means to scale and benchmark internal and external data
• Establish business environment and internal control factors, a prerequisite for an advanced measurement approach to operational risk capital

Areas Covered in the Webinar:

• Discuss the nature and types of preventive KRIs
• Identify root causes and event drivers for each of your key risks
• Quantify risk thresholds in line with risk appetite
• Find out how indicators shape an organization’s risk culture
• Decide strategies for effective reporting of risk indicators that lead to management action
• Be able to discuss and evaluate the effectiveness of draft KRIs you have been considering for use in your organization

Who Will Benefit:

• Risk Officers
• Compliance Officers
• Internal and External Auditors
• Financial Controllers/ Officers
• Operations Managers
• Treasurers
• Board Members
• Business Managers
• Investment Managers
• Banks
• Asset Managers
• Broker/Dealers
• Insurance Companies and all other financial institutions.
• Operational Risk Managers
• General (legal) counsel
• CFOs (Chief Financial Officers)
• COO (Chief Operating Officers)
• CRO (Chief Risk Officers)

Mario Mosse
President, MMosse Consulting LLC

Mario Mosse has over 40 years of experience in operational risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry. Previously, he was the head of operational risk management at Prudential Financial, Inc. Prior to joining Prudential, Mr. Mosse was with The Chase Manhattan Bank, where he held several senior positions in internal audit and risk management.

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