Key risk indicators and proactive risk management workshop
View AgendaKey reasons to attend
- Develop the skills to design and apply key risk indicators (KRIs)
- Explore how to identify relevant indicators for different risk types
- Conduct a root cause analysis
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About the course
This highly interactive training course will explore how to adopt a proactive approach to risk management and managing KRIs.
Key sessions will provide a holistic perspective of op risk management processes, before deep-diving into how to effectively integrating KRIs, key control indicators (KCIs) and key performance indicators (KPIs) in to an organisation’s risk management practices. Combining this knowledge with practical tools, participants will use the bow-tie tool to effectively track patterns and common failures. They will also learn how to identify emerging risks using horizon scanning and machine learning techniques.
Alongside peers and an expert tutor, participants will engage in discussions and interactive exercises, such as learning how to improve existing KRIs. Participants will also obtain the necessary tools to apply KRIs to monitor and mitigate financial risks.
Learning objectives
- Achieve strategic objectives by developing KRIs
- Perform a bow-tie analysis to evaluate risk responses
- Evaluate the metrics of an organisation’s conduct and culture
- Navigate KRIs, key control indicators and key performance indicators
- Leverage machine learning techniques when preventing risks
- Examine and address the emerging risks of KRIs
Who should attend
Relevant departments may include but are not limited to:
- Risk management
- Operational risk
- Op risk modelling
- Enterprise risk
- Internal audit
- Compliance
- Governance
- Risk technology
Agenda
July 29, 2024
In-person. Location: Sydney, Australia
Sessions:
- Setting the context: operational risk management processes and framework
- Preventive KRIs: a method
- Mapping it all together
- Risk analysis technique
- KRIs for project risk, information risk, conduct risk and people risk
- Issue management and machine learning for KRI identification
- Challenges and emerging themes in KRIs and KCIs
- KRI workshop
Request detailed agenda
Tutors
Frankie Liu
Experienced risk professional in financial services
Frankie Liu is a risk professional in the financial sector with 18 years of hands-on experience and solid business knowledge from professional firm and Fortune 500 financial institutions covering asset management, investment banking, insurance and pensions. He has partnered with key stakeholders, supported business clients in de-risking and elevating their risk governance to the next level through risk governance framework enhancement, key risk indicator setup and process and control improvement. Liu is proficient in risk management and is highly skilled in regulatory compliance, financial crime intelligence, information security and resilience. He is active in best practices and experience sharing as speaker in industry forums and in-house enterprise training programmes.
Accreditation
Pre-reading materials
The Risk.net resources below have been selected to enhance your learning experience:
- Op Risk Benchmarking: Inside the G-Sibs - Read article
- Power play: how geopolitics is shaping op risk at G-Sibs - Read article
- Barking bank watchdogs don’t need to bite - Read article
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