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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.

Start your trial 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

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Your questions, answered

Common FAQs

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