The next session in our series is a three-hour live instructor-led online course focusing on the real business value that can be obtained from Key Risk Indicator data – 10th May 2021, 10:00 to 13:00 BST.
This is now even more important as firms move to manage their ESG exposure using metrics such as KRIs.
Firms are either drowning in KRI data or a finding it difficult to identify indicators of key risks that give true business benefit. This course will enable you to design key risk indicators and key control indicators that assist the business, as well as being suitable for concepts such as risk appetite and ESG. You will be able to benchmark your current key risk indicator work against the many real-life anonymised examples that will be given.
The course is based on the very successful post-graduate rated Key Risk Indicator module of the Operational Risk Professional course which RiskLogix has run for over six years. It is suitable for operational risk professionals as well as new joiners to risk management. It is also fully aligned with those who have an interest in understanding the business benefits that can be gained through good risk management. Jargon is avoided (or explained where it is necessary to use it). No prior risk management experience is necessary, although an open and enquiring mind is essential. Questions from delegates at any time are encouraged and the course is deliberately open and participative.
You will learn:
How to differentiate early warning signals from the usual indicators
How to use Key Control Indicators (KCIs) to manage your risk profile
How KRIs can be used to report on your risk appetite
How other firms are reporting KRIs
Your instructor is Professor Tony Blunden who has worked in the City of London for over thirty years primarily within risk management and related areas in financial services organisations. Prior to joining RiskLogix, he spent four years as Director of Operational Risk within the Financial Services Risk Management Practice at Ernst & Young. Tony’s area of focus is the identification and development of clients’ needs in risk management.
Client consulting engagements have included advising and guiding on risk frameworks, governance and culture, risk and control assessments, indicators of key risks, loss databases and their use, scenarios and stress tests, modelling of operational risk and risk reporting as well as risk appetite, the use of six sigma, ICAAP, ILAAP and enterprise wide risk management. Risk appetite frameworks and model validation have been a particular feature of Tony’s work in the last few years.
Tony is a frequent conference and bespoke training speaker having spoken at over 150 international risk and compliance conferences. He is also a well-known author of articles, chapters and books on risk management and compliance. His previous book (co-authored with John Thirlwell) ‘Mastering Operational Risk’ sold over 12,000 copies, has been translated into Chinese and is published by FT Publishing. His new book (also co-authored with John Thirlwell) is ‘Mastering Risk Management’ and was published by FT Publishing in February 2022. He has been appointed an Honorary Professor by Glasgow Caledonian University. Tony is also a Fellow of the Chartered Governance Institute.
Tony is recognised throughout the industry as a world leading authority on operational risk and brings deep domain knowledge and the practical experience of advising a considerable number of blue chip companies on risk management.
This course is part of a series of five courses each of which has clear learning objectives linked to the content. At the end of each course, delegates will be expected to be able to carry out the tasks stated in the learning objectives.
The series answers the following common concerns of many financial services firms and focuses on the business side of operational risk management:
Why are RCSAs not making business sense?
Why do we have too many KRIs and not enough business benefit?
What is the business point in loss analysis?
Aren’t stress tests and scenarios one step too far for the business?
Is our risk appetite too quantitative, or too qualitative?
Each course is stand-alone and can be taken separately. All five courses taken together give an unequalled view of operational risk management.