Risk Appetite – The Practical Essentials

Integrating Risk Appetite into your ERM framework

On-Demand. Webinar recording available Now.

The live session was delivered on Tuesday Oct 13th

The risk management world has toyed with the concept of Risk Appetite for a number of years now, with varied levels of success. Whatever you wish to call it, and however you wish to articulate it, risk appetite is a critical component of a robust risk management framework. It provides our decision-makers “freedom within boundaries”. Freedom to operate, make decisions, take risks and most importantly fail.

Risk Appetite should be an enabler. It provides the organisation with a "pool" of risk that should be used to create value. It helps identify where excessive risk is being taken and equally, where not enough risk is being taken.

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Key topics that we covered

1. What Risk Appetite, Risk Tolerance and Risk Capacity mean
2. How risk appetite can be articulated in both a qualitative and quantitative way
3. How risk appetite should be fully integrated into your risk management processes, risk evaluations, risk escalations and risk reporting
4. What a good risk appetite statement looks like
5. How the board risk appetite statement should be operationalised through the organisation using a range of artefacts such as delegations and policies
6. How Risk Appetite should be used in Decision Making

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Your Host 

  David Tattam - Headshot - 150x150 
David Tattam
Director, Research and Training
The Protecht Group
David Tattam is the author of "A Short Guide to Operational Risk" and is recognised internationally as a specialist in all facets of risk management and in particular, enterprise risk management. Prior to founding Protecht in 1999, he held roles as the Head of Operations and Risk Management at two international banks, WestLB and The Industrial Bank of Japan. David is passionate about risk and risk management and in reaping the value that risk and good risk management can create for any organisation willing to embrace it.