The concept of risk appetite has been around for a number of years now and many organisations have developed a form of risk appetite as part of their overall risk management framework.
The process is not easy, from deciding on how the appetite should be articulated and the exact content of the statement to how the risk appetite can be cascaded through the organisation to be practically used in decision making and risk evaluation. These are all difficult challenges.
With information around this important topic Protecht has created a Practical Guide to Risk Appetite. In this short eBook we cover "What does risk appetite mean and how can it be set?", "How should risk appetite be articulated?" and "Who should lead the process?"
We hope you enjoy this reading and please feel free to share it with your friends and colleagues.
Protecht teaches a one-day session on risk appetite as a Public Training or In-House course. This session draws on the plethora of experience that Protecht has acquired in developing its own risk appetite methodology and documentation and, in turn, working with its clients to define their individual risk appetites.
This one day course covers
For more information please send an email to firstname.lastname@example.org.
Author of 'A Short Guide to Operational Risk', David Tattam is an internationally recognised specialist in all facets of risk management, particularly at the enterprise level. His career includes many years working with PwC, as well as two Australian banks. His achievements include the creation of the Middle Office (Risk Management Department) for The Industrial Bank of Japan in Australia and the complete implementation of all Australian operations, systems, procedures and controls for Westdeutsche Landesbank (WestLB).