Course description
Practical Risk Appetite and Risk Tolerance
In today’s dynamic business landscape, understanding and defining your organisation’s risk appetite is more crucial than ever. It sets the boundaries for risk-taking, guides decision-making, and directly influences strategic success. Yet, balancing competing interests makes this a complex and often misunderstood aspect of risk management.
Our two-day Practical Risk Appetite Training is designed to demystify this critical concept. Through engaging discussions and hands-on exercises, you’ll gain a deep understanding of risk appetite, tolerance, and capacity; empowering you to build a robust framework tailored to your organisation’s needs. You’ll explore practical tools, innovative models, and real-world examples to help you implement a framework that aligns risk appetite with your strategic objectives.
You will learn to evaluate and define your organisation’s risk boundaries with precision, align risk appetite seamlessly with strategic objectives to capitalise on opportunities, and enhance decision-making by balancing risks and rewards to drive measurable value.
Take the first step toward embedding an effective risk appetite framework and transforming how your organisation manages uncertainty. Book your place today and join a community of forward-thinking professionals shaping the future of risk management!
Upcoming start dates
Suitability - Who should attend?
This course is tailored for professionals seeking to drive value through effective risk management and governance:
- Organisation Leaders & Managers: Learn how adopting a positive, structured approach to risk enhances decision-making and strategic outcomes.
- Risk Managers: Gain the tools and insights to design and implement comprehensive risk frameworks that align with organisational objectives.
- Auditors: Strengthen your ability to provide independent assurance on risk management processes and frameworks.
- Board Members: Understand how to set a clear and effective risk appetite that reflects organisational priorities and establishes the right tone at the top.
Whether you are shaping strategy, managing operational risks, or providing oversight, this course empowers you to embed risk appetite as a cornerstone of organisational success.
Training Course Content
- Distinguish Key Concepts: Clearly articulate the differences between risk appetite, tolerance, and thresholds—and why they matter.
- Design a Framework: Develop a robust risk appetite framework complemented by governance processes tailored to your organisation’s needs.
- Define Actionable Metrics: Establish measurable risk appetite metrics and trigger levels that enable proactive decision-making.
- Integrate into ERM: Customise and embed risk appetite seamlessly into your organisation’s Enterprise Risk Management (ERM) framework.
- Monitor Effectively: Create Key Risk and Control Indicators (KRIs and KCIs) to track performance and provide actionable insights.
- Secure Leadership Buy-In: Build a compelling case for board and executive-level support, ensuring your risk appetite approach is embraced organisation-wide.
This course will ensure you are equipped with theory and actionable strategies to enhance risk management practices within your organisation.
Reviews
Average rating 5
Expenses
Course fees are:
- IRM members: £770 + VAT
- Non-members: £880 + VAT
In-house training
The IRM also delivers courses in-house for groups, teams and companies.
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IRM - Risk Management Training & Qualifications - Open or Distance Learning
The Institute of Risk Management (IRM) is the leading body for professional Enterprise Risk Management (ERM). We provide globally recognised qualifications and training, publish research and guidance and set professional standards. We are a not-for-profit organisation, with IRM members working in all...
"The course has brought a whole new lease of life to risk management within our organisation. Already business units are more engaged and have made plans to use the techniques e...