Using Key Risk Indicators to Prevent Emerging Threats

Many financial institutions continue to struggle with the identification and use of key risk indicators to supplement their risk management efforts.

KRIs can serve as a key risk monitoring mechanism if well defined and appropriately monitored. A common pitfall is that many KRIs defined and in use today do not really serve as adequate early warning mechanisms for risk due to many reasons, including failure to appropriately link the metric to the risk being measured, or failure to adequately define the KRI as a forward looking measure of risk, among others. This on-demand webinar will help persons responsible for KRI development and monitoring with some industry insight and perspectives on how KRIs can add value to your organization. The program will also differentiate key performance indicators from key risk indicators and provide guidance on leading practices on KRI development and monitoring. Finally, the OnDemand Webinar will provide insights on helping to ensure appropriate linkage among KRIs, risk appetite, and strategy, as well as other considerations. Learning Objectives: •You will be able to identify key risk indicators. •You will be able to discuss common approaches to KRI development. •You will be able to review pros and cons of KRIs. •You will be able to explain top of the house KRIs - portfolio view.