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OP-202Operational riskPractitioner

Loss data collection and key risk indicators

A database that drives decisions, indicators that give warning

Collecting losses without analysing their causes produces nothing but a history. This course covers the collection threshold, root cause qualification, building genuinely predictive indicators, and calibrating alert thresholds.

Learning objectives

  • Set a collection threshold that captures useful information
  • Qualify an actionable root cause
  • Distinguish a risk indicator from a performance indicator
  • Calibrate alert thresholds that trigger action

Intended audience

  • Operational risk
  • Management control
  • Permanent control
  • Managers

Prerequisites

  • Running an RCSA campaign

Detailed curriculum

Module 1

Measuring what counts

Threshold, root causes, and indicators that anticipate rather than report.

Module 2

Using the database

Trend analysis, external comparison and feeding the scenarios.