{"id":31477,"date":"2021-04-06T10:00:00","date_gmt":"2021-04-06T08:00:00","guid":{"rendered":"https:\/\/eiposgrados.com\/?p=31477"},"modified":"2021-04-06T10:45:05","modified_gmt":"2021-04-06T08:45:05","slug":"what-are-key-risk-indicators-compliance","status":"publish","type":"post","link":"https:\/\/eiposgrados.com\/eng\/blog-dpo\/que-son-key-risk-indicators-compliance\/","title":{"rendered":"What are Key Risk Indicators?"},"content":{"rendered":"<p>Risk indicators, <strong><em>Key Risk Indicators<\/em> (KRI) <\/strong>They are a very valid instrument when evaluating the status of a specific risk that the organization is interested in having more control over and over which it wants to carry out more detailed monitoring. As they say, KRIs serve to \u201cmeasure the temperature\u201d of risks on a periodic basis.<\/p>\n\n\n\n<p>Within a Management System <em>Compliance<\/em>, the indicators are the parameters that inform about the operation of the QMS itself. It is very important that, prior to establishing indicators, the Control Function <em>Compliance<\/em> has carried out a detailed analysis of the potential risks of <em>compliance<\/em> in all departments, areas and work centers, detecting and analyzing <strong>where there are higher risks<\/strong>.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/eiposgrados.com\/wp-content\/uploads\/2021\/04\/key-risk-indicators-en-compliance-1024x682.jpg\" alt=\"key risk indicators in compliance\" class=\"wp-image-31494\" width=\"512\" height=\"341\" title=\"\" srcset=\"https:\/\/eiposgrados.com\/wp-content\/uploads\/2021\/04\/key-risk-indicators-en-compliance-1024x682.jpg 1024w, https:\/\/eiposgrados.com\/wp-content\/uploads\/2021\/04\/key-risk-indicators-en-compliance-300x200.jpg 300w, https:\/\/eiposgrados.com\/wp-content\/uploads\/2021\/04\/key-risk-indicators-en-compliance-768x512.jpg 768w, https:\/\/eiposgrados.com\/wp-content\/uploads\/2021\/04\/key-risk-indicators-en-compliance-248x165.jpg 248w, https:\/\/eiposgrados.com\/wp-content\/uploads\/2021\/04\/key-risk-indicators-en-compliance-190x126.jpg 190w, https:\/\/eiposgrados.com\/wp-content\/uploads\/2021\/04\/key-risk-indicators-en-compliance.jpg 1280w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure><\/div>\n\n\n\n<p>The function of <em>Compliance <\/em>You will have to decide which risk indicators are to be monitored, defining the risk indicator, the way in which it will be measured, the size of the samples to be taken and the establishment of tolerance thresholds. All of this work will be key for the Function of <em>Compliance<\/em> can obtain relevant conclusions about the <strong>risk status<\/strong>.\u00a0<\/p>\n\n\n\n<p>Of course, the definition of risk indicators will vary from one organization to another and will depend on the characteristics of each one. Among others, the Function of <em>Compliance<\/em> will take into account elements such as the following to define the indicators:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The activity carried out by the organization.<\/li><li>The applicable regulatory and legislative framework.<\/li><li>Supervisors&#039; priorities.<\/li><li>Incidents previously detected in the organization and in organizations in the sector.&nbsp;<\/li><\/ul>\n\n\n\n<p>Measurements of the indicators should be carried out with a short periodicity, for example, once a month or semiannually, to be able to effectively monitor the <strong>evolution of risk indicators and their tolerance thresholds<\/strong>.\u00a0<\/p>\n\n\n\n<p>If the risk indicator deviates from the tolerance threshold then that risk should be monitored more closely and, if the deviation between both values is repeated over several periods of time, it will allow possible control deficiencies to be identified and corrected early.&nbsp;<\/p>\n\n\n\n<p>The internal procedures will establish the actions that the <em>Compliance Officer<\/em> will have to be taken into account when monitoring risk indicators.<\/p>\n\n\n\n<p>You will be able to learn about all these concepts and many more and specialize in them through the indispensable <a href=\"https:\/\/eiposgrados.com\/eng\/master-direccion-compliance-y-proteccion-de-datos\/\" class=\"rank-math-link\">Master in Compliance &amp; Data Protection Management<\/a> of the <a href=\"https:\/\/eiposgrados.com\/eng\/\" class=\"rank-math-link\">EIP International Business School<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Do you know the true meaning of Key Risk Indicators in Compliance? What are they? What are they for? What function do they have within the Compliance Management System? Find out everything in our post!<\/p>","protected":false},"author":64,"featured_media":31494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[368,330],"tags":[],"class_list":["post-31477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-compliance","category-blog-dpo"],"acf":[],"_links":{"self":[{"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/posts\/31477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/comments?post=31477"}],"version-history":[{"count":0,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/posts\/31477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/media\/31494"}],"wp:attachment":[{"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/media?parent=31477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/categories?post=31477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/tags?post=31477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}