Professional training course · AGRC-053
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
- 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
Schedule
Dates and fees
49 upcoming dates in 12 cities. Fees are per delegate; bring colleagues and every seat is discounted.
No dates in this city right now. Request a quotation and we will suggest the nearest date.
Questions
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.
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.
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