Mastering Key Risk Indicators
Overview
KRIs are an integral component of the Operational risk framework and a powerful risk management tool. Yet, they frequently score the lowest rating in operational risk implementation surveys and remain a challenge for practitioners.
Join this rerun of our popular webinar and listen to internationally acclaimed risk expert and book author, Elena Pykhova, to demystify KRIs, examining them from a practical perspective, focussing on their purpose, design and benefit to the business.
Together, let’s discuss how to move away from backward-looking metrics to a healthy forward-looking portfolio, and review examples of effective - and not so effective - indicators.
Key Takeaways:
- Understanding KRIs: What are they and why are they needed?
- KRI useful or useless? Attributes of good indicators
- A healthy portfolio: from backward-looking to predictive measures
- Approach to developing KRIs: root cause analysis
- Live polls and next steps: mastering Key Risk Indicators
The Speaker:
Elena Pykhova
Elena Pykhova is award-winning risk expert, author, international trainer and educator. She is the founder of a boutique risk management consultancy, The OpRisk company, specializing in risk transformation, board and executive level advice on effective operational and enterprise risk management strategy, design and implementation. Elena is an author of a best-selling book, Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions. She is a renowned educator, running public and in-house training courses in the UK and internationally for world-leading organisations including the London Stock Exchange Group Academy, the Moller Center Cambridge University and the Institute of Internal Auditors. Elena is a thought leader, influencer and founder of a prominent industry think tank, the Best Practice Operational Risk Forum. She is a former Director for Education at the Institute of Operational Risk and chair of the Expert Panel for the Association of Foreign Banks. Passionate about the discipline, she founded her training and consulting practice after 20 years of experience in senior roles at Fortune 500 companies.
