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Product ID: 391623EAU
 
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Using Key Risk Indicators to Prevent Emerging Threats

OnDemand Webinar (88 minutes)

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.

Authors

Glenn H. Hursh, KPMG LLP

Agenda

Key Risk Indicators (KRIs) - Definition and Benefits

• What Is a KRI vs. a Key Performance Indicator (KRI)?

• Some Key Benefits KRIs Can Provide

   

KRIs - Development and Approach

• Common Approaches to KRI Development

• Pros and Cons of KRIs

• Defining the Right KRIs Develop and Monitor

KRIs - Linkage to Risk Appetite, Strategy and Other Considerations

• Top of the House KRIs - Portfolio View

• LOB KRIs - Transactional View

• Other Considerations