Risk Measurement, Mitigation, and Reporting
Free GARP FRM Part II lesson in Operational Risk and Resilience. 22 min read, ~3,228 words.
RCSA is the workhorse: each business unit assesses its inherent risk, control strength, and residual risk on a periodic cycle, scored on likelihood and impact heatmaps. KRI vs KPI vs KCI: KRI is forward-looking risk, KPI is backward-looking performance, KCI is control effectiveness. Each has a different threshold and escalation...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
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