Skip to content
Get in touch Support Hub Partners Investors
Book a demo Free trial

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

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

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

Start your compliance e-learning journey with a free trial

Our no-obligation free trial gives you access to our libraries and compliance platform. 

Ready to start your free trial? Complete the form, and a member of the Skillcast team will be in touch with further details.

Your questions, answered

Common FAQs

Are Skillcast 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.

Is our training content still compliant with the latest legislation?

  • You can check the latest course content updates in our library updates page: https://www.skillcast.com/compliance-course-library-updates
  • For major legislative changes, we:
    • Will send you email alerts to ensure you are notified
    • Offer you a free trial of newly created or updated content
    • Host webinars with compliance experts to explain the changes and how our training supports your ongoing compliance

Can you translate our content into other languages?

Yes, we offer translations in a wide range of languages. Let us know your needs, and we’ll confirm availability or work with you to plan translations for your selected modules.

How can I give employees a secure way to record suspicious activity so we can act quickly?

Our Suspicious Activity Register allows staff to log concerns or irregularities they observe, helping you detect potential issues early. The secure register can be reviewed by compliance teams, enabling prompt investigation and action.

What file types are supported by the Skillcast system?

Features

Supported file types and details

File Exchange

File types: PDF, Excel spreadsheets, Word documents, SCORM and xAPI files, and compressed zip files. Max file size: Default is 1GB, can be increased to a max of 2GB

SCORM files

Versions: SCORM 1.2, SCORM 1.2 for Moodle, SCORM 2004 2nd, 3rd and 4th Edition. Max file size: 1024MB

xAPI file

Max file size: 2GB

Videos

File types: MP4 or MOV. Videos must be optimised, with a max file size of 100MB. If the file is bigger, our Design Team can help

Images

File types: jpg, png and gif. The file size should ideally be 100KB, but it can be up to 250KB

CPD evidence

File types: Word, PDF, Excel and CSV. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Policy documents

PDF or Word File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Offline activities evidence

File types: PDF, DOC, DOCX, XLS, XLSX, CSV, PNG, GIF, JPEG, JPG, PPTX and MSG. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Client logo files

File types provided by client: EPS, PDF, AI and SVG

Registers

PDF, DOC, DOCX, XLS, XLSX, CSV, PPT, PPTX, POT, PPA, PPS, JPG, JPEG, PJEPG, PNG, BMP, GIF, MP4, MOV, WMV, CPTX, CP, TXT, ZIP and MSG files

Declarations

JPG, JPEG, PNG, GIF, XLS and XLSX files