FoRM 4: Risk Appetite Course

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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.

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FoR 4 Risk Appetite

About this Course

Available as part of our Risk Management Library.

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

Course Contents


- 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




Course Specifications



Approximately 40-minute long e-learning course followed by a 10-question assessment.



Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.



SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.



All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.



Fully customisable on Skillcast Portal CMS.



Pre-translated versions not available, but all text content can be exported for translation into all languages.



Based on best-practice risk management frameworks and suitable for global audiences.

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