Risk Appetite Management
Today’s business environment is rapidly evolving. There is intense pressure to respond to strategic, cultural, technological, environmental and market changes. A well-devised risk appetite framework provides a way for your company to link strategy and risk management, strengthening risk culture and enhancing performance in these turbulent times.
This course teaches you how to navigate the complex and critical area of risk appetite management and how to develop a risk appetite framework that clarifies your company’s position on risk taking. Learn how to construct risk appetite and risk tolerance statements, which will guide your company’s decisions aligning risks to strategic and business objectives.
These statements help protect organizations against solely pursuing single, narrow goals without considering potential consequences as they pursue rewards for an “appropriate” level of risk. What is appropriate and acceptable for one organization may be unacceptable to another.
RIMS Members: $1,860 USD | Non-members: $2,280 USD (review registration details below)
Continuing Education Credits
CE and CPE, click here for eligibility and hours
WHAT YOU WILL LEARN
In this class you will learn how to identify key metrics that can be used to build risk appetite and risk tolerance statements. Course participants will walk away with the ability to:
- Navigate the dynamic universe of risk appetite criteria using a proven set of common methods
- Determine the differences and correlations of the terms risk appetite, risk tolerance, targets and thresholds
- Develop approaches for overcoming obstacles
- Explore tools for your own risk context
- Construct a risk appetite and risk tolerance framework
WHO SHOULD ATTEND
This course is designed for experienced risk professionals and strategy leaders. The curriculum is geared towards individuals who are tasked with designing a customized and integrated risk appetite framework. Risk executives who also want to build a more formal internal risk intelligence network to highlight emerging risks within their organizations will also find this course beneficial.
RIMS education courses are designed primarily for risk and insurance professionals, but anyone within an organization who wants to learn more about a specific topic of interest is encouraged to attend.
Format: Live virtual, in-person, corporate or RIMS chapter training
Contact PD@RIMS.org regarding corporate and chapter training
March 23 – 24, 2022
June 21 – 22, 2022
July 13 – 14, 2022
For registration assistance, please contact our Client Services Team at CST@RIMS.org.
Cancellations and Refunds
RIMS reserves the right to cancel a course if conditions warrant. In the event of such a cancellation, registration fees will be refunded.
All requests for refunds or changes must be submitted in writing to RIMS at pd@RIMS.org. Registrants who cancel 15 business days or less prior to the start of the workshop can send a replacement from their company or receive credit to attend another workshop with the same duration and cost within a year of the cancelled registration. Please note if the member rate was paid for the original registration and you elect to send a replacement or transfer the credit to another employee of your organization who is not a member, an additional fee will be charged to offset the difference between the member and nonmember rate. No refunds will be issued for cancellations less than 15 days from the start of the workshop.