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Risk appetite: The practical essentials

Integrating risk appetite into your ERM framework.

On-demand webinar

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.

Read more details about the session below.

Presenters

David Tattam

Chief Research and Content Officer, Protecht

Key information and topics 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

About the presenters

Chief Research and Content Officer, Protecht

David Tattam is the Chief Research & Content Officer and co-founder of the Protecht Group. David's vision is to redefine the way the world thinks about risk and to develop risk management to its rightful place as being a key driver of value creation in each of Protecht's customers.

David is the driving force in taking Protecht's risk thinking to the frontiers of what is possible in risk management and to support the uplift of people risk capability through training and content.