Key Risk Indicators (KRIs) are an important tool within risk management and are used to enhance the monitoring and mitigation of risks and facilitate risk reporting. Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. Operational KRIs are measures that enable the risk managers to identify potential losses before they happen; the metrics act as indicators of changes in the risk profile of a firm.
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Creating engaging newsletters with your curated content is really easy.