S2 | E31: Setting the Standard: Building a Baseline of Key Risk Indicators for Financial Institutions

Banking on Data Podcast

Banking on Data Podcast
S2 | E31: Setting the Standard: Building a Baseline of Key Risk Indicators for Financial Institutions
Jul 23, 2024 Season 2 Episode 31
SRA Watchtower

In this episode of the Risk Intel Podcast, Ed Vincent, host and CEO of SRA Watchtower, invites Cathy Jackson, Director of Watchtower Implementation to the show to delve into the transformative shift in risk management within financial institutions. This discussion is part one of a multi-part series focusing on best practices for enhancing Enterprise Risk Management (ERM) programs or building new ones to operate in a risk-informed decision-making environment. Key points discussed include focusing on the criteria for identifying baseline Key Risk Indicators (KRIs), their characteristics, the value of adhering to a standard set, the importance of consistent monitoring, and the data sources. Listen to learn more.

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