Risk Metrics - Identifying, Evaluating and Managing Risk Conditions

The objective of this instruction is to provide an in depth understanding and applicability of risk metrics by establishing the purpose they serve, reviewing the methodology for creating a set of risk metrics, studying a sampling of risk metrics currently employed, and reviewing the risk metric management process. In essence, the course will provide a conceptual framework to comprehend the value of risk metrics.

Why Should You Attend:

The US business environment as well as those of other countries has experienced significant risk events with significant risk consequences over the years. In recent times, there have been a considerable number of risk episodes. To the extent the risk conditions that caused a risk episode to occur could have been identified and corrective action taken at the time, the risk event may have been prevented or modified. Sound risk management practices that included an effective set of risk metrics could have possibly avoided or modified the risk episodes experienced.

This presentation will:

• Allow participants to reflect on the concept of risk metrics
• Provide a blueprint for creating a set of risk metrics
• List a large sampling of risk metrics that can be employed in two major financial industries
• Some of the key risk metrics discussed will be applicable to participants from other industries as well as, including a few that can be relevant to their specific activities. The course is designed to help the formulation of a specific aspect of risk management in an organization and will prove to be useful for individuals with the responsibility of overseeing risk, managing the risk environment, and providing risk education.

Areas Covered in the Webinar:

Understand Risk Metrics

• Provide a conceptual framework to comprehend the value of risk metrics
• Establishing risk metrics as a key element of risk management

Defining Risk Metrics

• Review the basic elements of risk metrics
• Types of Risk
• Review of risk metrics in the context of different types of risk.

Risk Metrics Applicability

• Review risk metrics in the context of risk environments

Best Practices for Addressing Risk Metrics

• Thought process for establishing a set of risk metrics for a business activity

Consequences of Ineffective Risk Metrics

• Potential impact of unidentified risk conditions

Review of Actual Risk Metrics

• Display of a large sampling of generic risk metrics and risk metrics specific to a business activity

Management of Risk Metrics

• Review how risk metrics should be monitored and evaluated and how risk conditions identified should be addressed
• Role of business management and the risk management function to address risk conditions

Who Will Benefit:

• Executive Managers
• Business Managers
• Risk Managers
• Compliance Managers
• Auditors
• University Risk Management Educators
• Regulatory Staff