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Fundamentals of Risk Management 4: Risk Appetite

Attitudes to risk can vary considerably across a spectrum of risk-taking. Some businesses and sectors are more risk averse, while others are more open to taking on risk.

The amount and type of risk a company is willing to take to meet its strategic objectives is known as its risk appetite. By setting a risk appetite and communicating it effectively to all staff, companies establish a risk threshold.

Our Risk Appetite course explains why setting a risk appetite is important and how to implement this model in your company.

Get started Course details
  • 40 Minutes
  • All staff
  • Based on best-practice risk management frameworks and suitable for global audiences.

Learning objectives

  • Define risk appetite and its role and importance in our Company's overall risk management framework
  • Apply the risk appetite model in your day-to-day role
  • Recognise who takes ownership of risk appetite management and learn about your responsibilities in this area
  • Write risk appetite statements
  • Communicate and document risk appetite actions

    What can you expect your employees to learn?

Welcome

  • Learning objectives
  • How to complete this course

What is risk appetite?

  • Risk appetite as part of a risk management framework

  • The Management of Risk (MoR) framework

 

Why is determining risk appetite necessary?

  • You decide: The nature of risk appetite


Risk categories
The risk appetite model

  • A practical example
  • Control & mitigation measures

The risk appetite scale

  • You decide: Every company is different 

Who determines the risk appetite in our company?

  • Scenario: Robert recognises a change in risk
  • Scenario: The news reaches Samantha

Risk appetite statements

  • Risk appetite detailed thematic statement
  • A financial risk detailed thematic statement
  • Acting on risk appetite in extraordinary situations
  • Scenario: The perfect storm

Communicating & documenting risk appetite decisions

  • You decide: Communicating, documenting & recording risk appetite

Reviewing risk appetite

Summary
Affirmation
Assessment

Does your company have…

Under 50 employees?

We recommend our CoreCompliance solution, perfect for smaller teams. Start your training immediately with pre-configured, ready-to-go courses.

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Over 50 employees?

We have a range of flexible pricing plans to suit your unique needs. Choose from off-the-shelf course libraries or a customised, bespoke approach to reach your compliance learning goals.

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Your questions, answered

Common FAQs

Are the courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Can users only view the courses assigned to them?

Yes. Users can view all the courses in the portal that have been assigned to them as either mandatory or optional. Courses that are mandatory will have a deadline shown.