FoRM 4: Risk Appetite Course

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.

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

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

Course Specifications

Structure

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

Audience

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

Design

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

Compatibility

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.