Key Risk Indicators: Design and Reporting (AGRC-053) Training Course

Key Risk Indicators: Design and Reporting

Risk registers describe what could go wrong, but they do not always show whether risk is rising or falling. Key risk indicators fill this gap by providing measurable…

5 daysClassroom or online

49Upcoming dates

12Cities

£2,250Fees from

Course overview

Introduction

Risk registers describe what could go wrong, but they do not always show whether risk is rising or falling. Key risk indicators fill this gap by providing measurable, forward-looking signals that alert management to changes in exposure before losses occur. Well-designed indicators help organisations act early, monitor appetite and focus attention where it matters.

This Key Risk Indicators: Design and Reporting training course shows how to select, define, set thresholds for and report key risk indicators. Participants learn the difference between leading and lagging indicators, how to link indicators to risks, controls and appetite, how to source reliable data and how to build dashboards that drive action.

The course is practical throughout, and participants leave with a set of indicators designed for risks in their own organisation.

Course Objectives

By the end of this training course, participants will be able to:

Explain the purpose of key risk indicators in risk management
Distinguish risk, control and performance indicators
Select indicators that are relevant, measurable and predictive
Define indicators clearly with data sources and ownership
Set thresholds aligned with risk appetite and tolerance
Design dashboards and reports that prompt action
Validate and review the effectiveness of indicators
Embed indicators into governance and escalation processes

Target Audience

This training course is suitable for a wide range of professionals, including:

Risk managers and risk analysts
Operational risk professionals
Compliance officers
Internal auditors
Business unit managers responsible for risk
Performance and management information professionals

Training Methodology

The course is workshop-based. Participants choose risks from their own organisation and develop indicators for them step by step, defining metrics, data sources and thresholds and building a sample dashboard. Group critique and case studies of effective and ineffective indicators reinforce good design.

Target Competencies

Indicator selection
Indicator definition and data sourcing
Threshold setting
Risk dashboard design
Indicator validation
Escalation management

Course outline

1Day One: The Role of Key Risk Indicators

Why risk registers alone are not enough
Key risk indicators, key control indicators and key performance indicators
Leading, current and lagging indicators
Linking indicators to risk appetite and strategy
Characteristics of a good key risk indicator
Common mistakes in indicator programmes
Exercise: reviewing an existing indicator set

2Day Two: Selecting Indicators

Starting from risks, causes and control weaknesses
Using loss data, incidents and audit findings
Workshops with business owners to identify indicators
Balancing coverage with simplicity
Indicators for operational, compliance, financial and strategic risks
Indicators for emerging and hard-to-measure risks
Workshop: selecting indicators for priority risks

3Day Three: Defining Indicators and Setting Thresholds

Writing precise indicator definitions and formulas
Data sources, frequency and data quality checks
Ownership and accountability for each indicator
Setting green, amber and red thresholds
Using historical data, benchmarks and judgement
Aligning thresholds with appetite and tolerance
Exercise: defining and calibrating indicators

4Day Four: Reporting and Dashboards

Designing dashboards for management and boards
Trend analysis and visualisation techniques
Combining indicators with narrative commentary
Escalation procedures when thresholds are breached
Automating indicator collection and reporting
Avoiding indicator overload and false assurance
Workshop: building a risk dashboard

5Day Five: Validation and Continuous Improvement

Testing whether indicators predict risk events
Periodic review and retirement of indicators
Internal audit review of indicator programmes
Embedding indicators into decision making
Building a culture that responds to early warnings
Presenting indicator proposals to senior management
Personal action plan for implementing key risk indicators

Frequently asked questions

How long is the Key Risk Indicators: Design and Reporting course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Key Risk Indicators: Design and Reporting course?

The next public date is 7 - 11 Dec 2026 in Frankfurt. There are 49 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Frankfurt, London, Barcelona, Istanbul, Kuala Lumpur, Madrid, Munich, Paris, Vienna, Amsterdam, Dubai, Geneva.

Can I take Key Risk Indicators: Design and Reporting online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Key Risk Indicators: Design and Reporting

Course overview

Introduction

Course Objectives

Target Audience

Training Methodology

Target Competencies

Course outline

Dates and fees

Frequently asked questions

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