639 words, 2.4 minutes read. By Gerard Blokdyk
Key Risk Indicator 1 big thing: Proactively analyze leading indicators to create, influence, drive, and deliver results on performance.
The big picture: Develop Information Security (Cybersecurity) and Data Privacy processes and procedures and supports service-level agreements (SLAs) to ensure that effective controls and countermeasures are managed and maintained Ensure key risk indicators documented and are effectively monitored to prevent a negative impact on business objectives and brand reputation.
Why it matters: Ensure your organization reviews current performance indicators to invest in the management of ITS projects, tasks and staff to maximize resource use and minimize business risk.
On the flip side: Oversee that your strategy monitors Key Performance Indicators (KPIs), member insights, and Key Risk Indicators (KRIs); ensures correct data and instrumentation for the involvement and related sub-processes; uses data to improve experiences.
What we’re hearing: “Warrant that your strategy manages the performance of processes by developing control limits, monitoring key performance indicators and informing stakeholders of any deficiencies, improvements, operational risks issues, etc.“, Project Management Support
What they’re saying: “Be sure your process develops analytical models that leverage relevant data from the Insider Threat detection tools, and other applicable data sources, to identify anomalies potentially indicative of an insider threat.“, Sourcing Agent II/III – Fleet
Be smart: Build key performance indicators including on boarding, employee engagement, retention, access, diversity, equity, and inclusion in order to align human resources and organizational objectives.
Go deeper: Provide information regarding intrusion events, security incidents, and other threat indications and warning information to teams and leadership in the context of incident response.
The backdrop: Identify, develop and drive implementation of risk measurement techniques and capabilities, including details of key risk indicators, thresholds, and triggers, and response and mitigation requirements to manage third party risk.
What to watch: Generate, analyze, and present reports on quality related Key Performance Indicators (KPI) such as line yields, final release, supplier performance and (internal) customer experiences to internal product improvement teams.
Between the lines: Build rapport across your organization to invest in identifying material risks and forward looking key risk indicators to monitor and report adherence to your organizations risk appetite.
Yes, but: Be certain that your strategy leads the design, implementation and sustainability of operational risk management programs and practices (Scenario Analysis, Event Data Collection, Business Environment Internal Control Framework, Key Risk Indicators).
The bottom line: Apply creativity to continually improve the usefulness and efficiency of Enterprise Risk Management reports to help management evaluate important trends and risk indicators from available data.
What’s next: Be sure your design assists the business in developing effective risk monitoring mechanisms as mitigating controls, Key Risk Indicators (KRI), and control sample testing.
ICYMI: Be sure your group directs Service Providers and direct reports to modify and maintain existing systems to address changes in business processes ensuring contracted key performance indicators are achieved.
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Trusted by: Lumen, Deloitte, North Carolina Administrative Office of the Courts, General Mills, U.S. Bank, Booz Allen Hamilton, Fishtech Group LLC, Gartner, CrossCountry Consulting, Fannie Mae, Milliman, Puget Sound Energy, The Travelers Companies, Inc., Risk Management Solutions (RMS), Guy Carpenter, Risk Management Solutions, Aon, One Concern, Nationwide, Risk Placement Services, Inc, General Reinsurance Corporation, BDO, Selective Insurance Company of America, Berkley, Chubb, Applied Research Associates, Inc, American Family Mutual Insurance Company, AIG, AIR, PRICE WATERHOUSE COOPERS, EMC Insurance, QBE, Acrisure LLC, Revantage Corporate Services, Allianz Global Corporate & Specialty, Citizens Property Insurance Corporation, UnitedHealth Group, Infineum, GCM Grosvenor, Keurig Dr Pepper, Fidelity TalentSource, Global Staffing, LLC, Guardian Life Insurance Company, Air Products, MetLife, Schroders, Blue Shield of California, Natixis North America Inc., CohnReznick, Inter-American Development Bank, TCS, HSBC, AmerisourceBergen, Walmart, University of South Carolina, MassMutual, Amazon.com Services LLC, umlaut North America, Amazon Data Services, Inc., PayPal, Cigna, BMO Harris Bank, Dropbox, ON24, Garmin, Origami Risk, CIBC, Finra, Citi, Northwestern Mutual, TARGET, Ameriprise Financial, Fidelity Investments, BOEING, WEX Inc., TIAA, Tyndall Federal Credit Union, TikTok, Bizongo, ServiceLink, HM Health Solutions, Great American Insurance Group, Banner Bank, Medpace, Inc., Weyerhaeuser, Patelco Credit Union, Humana, Bank of the West, AT&T, NewRez, EY, Carrington Mortgage Holdings, LLC, Iowa Department of Transportation, Banner Health, Mercy Hospital in Iowa City, Chubb INA Holdings Inc., West Bend Mutual Insurance Company, US Veterans Health Administration, Standard Chartered, Affirm, KeyBank, McDonald’s Corporation, Children’s Wisconsin, Delta, Chick-fil-A, Inc., AstraZeneca, TD Bank, RJ O’Brien, Everest Insurance Company, Bandwidth, GSK, State of Georgia, Collier County, FL, Dell Technologies, Beam Inc., NYC MAYORS OFFICE OF CONTRACT SVCS, SAGE Therapeutics, Black & Veatch Mgmt Consulting, Liberty University, REI, New Perspectives Senior Living, Green Dot Corporation, PSI CRO, Klarna, State of Iowa Talent Gateway, U.S. Renal Care, Netflix, Costco Wholesale, Newell Brands, Advia Credit Union, Hancock Whitney, Quartz, Orchid Orthopedics, Sportsman’s Warehouse, NYC DEPT OF HEALTH/MENTAL HYGIENE, Wayfair, Amazon Retail LLC, Suma Brands, Fidelity National Home Warranty, Amex, YouTube, US Federal Deposit Insurance Corporation, Toyota, NewEgg, Bluestem Brands, LA Healthcare Connections, Lowe’s, S&P Global, Spreetail, Wyndham Hotels & Resorts, Simmons Bank, Party City, Envision Healthcare, Charles Schwab, YRC Worldwide, GE Healthcare, Emory, Tecomet, Fanatics Inc., Kemper, Cornerstone Research, Invesco, Schneider Electric, Kraft Heinz Company, BKD, Kohler, Digital Ocean Jobs, US Veterans Affairs, Inspector General, IPG Mediabrands, NYC DEPARTMENT OF BUSINESS SERV., Healthfuse, W.W. Grainger, Blue Cross and Blue Shield of North Carolina, Johnson Controls, Kaiser Permanente, MasterCard, Health & Human Services Comm, Altice USA, MSCI Inc, BSN Sports, Mintel, Deutsche Bank, TransUnion, Disney Parks, Experiences and Products, UCHealth, McDonald’s Corporate, Corteva Agriscience, Vibrant Emotional Health, Gallagher, Clearent, TradeStation, Bessemer Trust Company, CRATE & BARREL, T-Mobile, FedEx, Capacity LLC, Medtronic, Frontapp, Janus Henderson, Marathon Health, Cvent, Komatsu, Accenture, SSM Health, Cincinnati Children’s Hospital, InspiHER Tech, Klim, Neoleukin Therapeutics, UNITED PARCEL SERVICE, Edelman, W.W. Williams Company, Cushman & Wakefield, Idaho National Laboratory, Benefitfocus, S&T Bank, JM Huber Corporation, Jamestown Distributors LLC, Northern Trust Corp., Brunswick Corporation, DoorDash, Curium Pharma, Coinbase, HD Supply, Black Box, Ascension, United Airlines Inc., PerchHQ, JLL, Abbvie, Google, MetaBank, BVK, State of Rhode Island, MVM, Lockton, Inc., DonorsChoose, SIB Development & Consulting, Trinity Health, Agility Logistics, Enchant Christmas, Delta Faucet Company, SAP, Dormify, Duke Careers, Florida Blue, State of Connecticut – Office of the State Treasurer, Robinhood, ConnectionsAZ, Willis Towers Watson, Midwest Loan Solutions, FedEx Services, Emergency Care Research Institute, Neoleukin Corporation, L3Harris Technologies, bp, Goodwill Industries of Southeastern Wisconsin & Metropolitan Chicago, Baylor Scott & White Health, Advocate Aurora Health, Cardinal Health, Parallon, Carrier Enterprises, Honeywell, KBI Biopharma, New York Life Insurance Co, Tangent Technologies, Abbott Laboratories, Samsung Electronics, Cardenas Market | Cardenas Markets LLC, Kinetic Worldwide, US Military Treatment Facilities under DHA, SanMar, Bright Health, Metropolitan Transportation Authority, Enova International, Planet Fitness World Headquarters, SnapEDA, City Facilities Management (FL) LLC, Rite-Hite, Goldman Sachs, Design Within Reach, Andersen Regional Manufacturing, ADP, Walgreens, Universal Music Group, LPL Financial, IHG Corporate, The Trade Desk, Fastly, WSSC Water, MoneyGram, The Standard, USAA, Dollar General, McKinsey & Company, Pixability, NJ Transit, Briggs and Stratton, BlackRock, Wellington Management, Scholastic, Brightstar Corp., Labcorp, Otsuka, Rochester NY, Cotiviti, Inc., Hasbro, HelloFresh, University of South Alabama, Blank Street, Amgen, Delaware North, Novartis, Blue Cross Blue Shield of Massachusetts, Broward College, Powersolv, Synchrony, T. Rowe Price, Aegon, Revitalize Milwaukee, US Air Force Services Agency, Omnicom Health Group, JPMorgan Chase Bank, N.A., Norwegian Cruise Line Holdings Ltd., Otter Products, LLC, AAA of Western & Central NY, Wintrust Financial Corporation, Bloomberg, DAK Americas, GCI, L’Oreal, Jenner & Block LLP, Albertsons Companies, Ecolab, A.B. Data, Ltd., AvantStay, Blue Shield Blue Cross Association, Franciscan Missionaries of Our Lady Health System, CoBank, Bayer, Parkland Health and Hospital System, DXC Technology, Sabre, Discover, Cognosante, LLC, KeHE Distributors, LLC, Olam Americas Inc., Johns Hopkins Health Care, Thermo Fisher Scientific, Repligen Corporation, Itineris, Microsoft, Perch, Ciena, LAIRD NORTON WEALTH MANAGEMENT, Zwift, Astellas Pharmaceuticals, Vanderbilt University Medical Center, Hubner Manufacturing Corporation, Ferguson, Alvarez & Marsal, San Jose Sharks, LOCKHEED MARTIN CORPORATION, SoftwareONE, SCL Health Corporate, CIOX Health, CBRE, Verizon, Technology Roles at Global Atlantic, Global Atlantic Financial Group, Global Atlantic Financial Group Opportunities, Oklahoma City University, Warrenton Oil Group, USI Holdings Corporation, Baldwin Risk Partners, Facebook, MetriCan Stamping, LLC, Capital One, Railsbank, Arch Insurance Group Inc (U.S.), Arthrex, Adobe, Banco Itau International- Miami, AlignTech, Noname, Trusight Solutions, Bottomline Technologies, Bank of America, Computershare, Broome-Tioga BOCES, FanDuel, InVisionApp, Grand Bazaar NYC, Surf Air Mobility, Milwaukee Public Schools, Spotify, Room & Board, Syneos Health Clinical, RANE- Risk Assistance Network & Exchange, CI Software, State of Wisconsin, Ensemble Health Partners, Oakland County Michigan, CastleGate, Inc., Creative Breakthroughs Inc, Live Nation, SRS Acquiom, SRS Acquiom Holdings LLC, Baker Hughes, ServiceNow, Whip Media, Risk Solutions, Figure, Argonne National Laboratory, PNC Financial Services Group, Barclays, Collins Aerospace, Visa, Brex, Western Alliance Bank, AmeriHome Mortgage, EATON, The Doctors Management Company, Lawrence General Hospital, Frontdoor, Benchling, Reasons could include: the employer is not accepting applications, is not actively hiring, or is reviewing applications, IT Data Solutions, Mursion Career Opportunities, Universal Orlando, University of Toledo, Comcast, Mass General Brigham(PHS), Trend Nation, Cedar Fair Corporate, Confidential, Ortho Clinical Diagnostics, The Judge Group, SharpSearch, City of Atlanta, GA, Johnson & Johnson Family of Companies, The Walt Disney Company (Corporate), Boston University, Georgia-Pacific, Production Resource Group Llc, Parker Hannifin Corporation, Arsenal Biosciences, World Vision Canada, Northeast Georgia Health System, National Veterinary Associates, IBM, Orolia, Ross Stores, University of Kansas, Buckman, Transurban Limited, NAPA Auto Parts, The New York Racing Association Inc., Equitrans Midstream, Allstate, Zones, DataRobot, Walt Disney World Resort, Standard Cognition, Krispy Kreme, Eastman, Toast, Blackbaud, Hollingsworth & Vose, Raytheon Technologies Corporate, GenesisCare, USA, Amerisave Mortgage Corporation, Tasteful Selections, LLC, avidxchange, Disney Cruise Line, CVS Health, Cenlar FSB, GWC Warranty, Telgian Corporation, Sierra Space, The Hanover Insurance Group, Goldbelt, Inc., Herzing University, The University of Chicago, @Orchard, Wells Fargo, BPI, Southern California Edison, MKS2 Technologies, Capital One – US, CentralSquare Technologies, Lux Holdings, United Therapeutics, Marriott International, Inc, Navy Federal Credit Union, Astellas, Aptos, Rocky Mountain Institute, Silicon Valley Bank, Whirlpool Corporation, System One, Ambassador Labs, Red Hat Software, Oracle, SUSE, The Hershey Company, Replicated, Inc., Grafana Labs, DataStax, MotoRefi, Hewlett Packard Enterprise, HCA Healthcare, Mercury Healthcare, CSH IT Service, Canonical – Jobs, Cerebral Staffing, LLC, Harness.io, Cloudera, Uline, Synopsys, Amazon Dev Center U.S., Inc., Splunk, Salesforce, Amazon Web Services, Inc., TRILIO, Angi, Northrop Grumman, Red Ventures, M1 Holdings, G/O Media, NVIDIA, Toshiba Global Commerce Solutions, Inc., UFCU, Morgan Stanley, APi Group, Aflac, Incorporated, Municipal Credit Union, NBCUniversal, TEXAS DEPARTMENT OF MOTOR VEHICLES, Tri Counties Bank