AORM | L2: Risk Appetite Statements and Tolerance Limits
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Customize your learning! Register to attend Lesson 2 of our eight part series on Advanced Operational Risk Management.
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Presented By: Dr. Ariane Chapelle
Delivery: Virtual Training
Date: Tuesday, April 30, 2019
Total Lesson Length: 60 minutes + optional reading and assignments
Lesson 2: Risk Appetite Statements and Tolerance Limits
Risk appetite is the foundation of any consistent framework. This Lesson reviews the best practices for structuring, cascading and communicating risk appetite statements. Based on years of practical experience, this Lesson presents cases, examples and suggestions to define sound risk appetite statements in firms.
Lesson 2.1: Risk Appetite Structure
• Definition of risk appetite
• Benefits of risk-taking
• The risk appetite funnel: risk appetite beyond tolerance for losses
• Communicating risk appetite
• Risk appetite and tolerance statements
Lesson 2.2: Risk Appetite & Framework consistency
• Structure of actionable risk appetite statements
• Risks to choose, to balance and to avoid
• Consistency with other Lessons of the framework
• Risk appetite and P/I matrix and scales
Lesson 2.3: Risk Appetite and reality checks
• In practice: bottom-up vs. top-down risk appetite definitions
• Risk appetite and reality checks
• Reputation risk appetite
• Decision-making and risk
• Excessive risk-taking
Who Should Attend
Heads of Operational Risk, Enterprise Risk Managers, Operational Risk Managers, Internal Auditors, Compliance officers, Consultants, Regulators, Team members who have taken one of our ORM courses and/or passed the ORM exam and are looking for advanced level training.
How It Works
Our Virtual Courses are launched weekly using pre-recorded lectures in right-sized segments. Access lessons any time during the course to view the lecture and participate in learning activities, discussion forums, recommended readings, or submit questions to our instructor. Access to the instructor will conclude one week following the lesson, but you can access the course for one full year to further support your learning.
Topics in The Full Series
| Lesson 1, April 23 |
Framework and Taxonomy for Operational Risk |
Lesson 2, April 30
|
Risk Appetite Statements and Tolerance Limits |
Lesson 3, May 7
|
A Modern Representation of Risk & Control Self Assessments (RCSA) |
| Lesson 4, May 14 |
Scenario Analysis: Simple Method for Quantifying Rare Events
|
| Lesson 5, May 21 |
Six Steps to Define and Design Preventive KRIs |
| Lesson 6, May 28 |
Operational Risk Management for Projects |
| Lesson 7, June 4 |
Information Security Assessment and Essentials of Cyber Protection
|
| Lesson 8, June 11 |
Conduct and Culture: Measurement and Management |
View Full Series Lesson Descriptions
Registration
| Registration Options |
| Course |
Member Pricing |
Registration Link |
| Lesson 2 |
$99 - Non Member
$89 - Contributing
$79 - Sustaining/ RIM |
Register for Lesson 2 |
Full Series (8 Lessons)
April 23-June 11, 2019 |
$699 - Non Member
$649 - Contributing
$599 - Sustaining/ RIM |
Register for Full Series |
| Register your Team |
Contact us for
special pricing |
Email [email protected] |
About Our Expert
ARIANE CHAPELLE, PhD, is Associate Professor (Honorary Reader) at University College London for the course 'Operational Risk Measurement for Financial Institutions’ and is a Fellow of the Institute of Operational Risk and a trainer for the Professional Risk Managers' International Association (PRMIA), for whom she designed the Certificate of Learning and Practice in Advanced Operational Risk Management. She is a former holder of the Chair of International Finance at the University of Brussels. She has been active in operational risk management since 2000 and is a former head of operational risk management at ING Group and Lloyds Banking Group. Dr. Chapelle runs her own training and consulting practice in risk management. Her clients include Tier 1 financial organisations and international financial institutions. Her new textbook “Operational Risk Management: best practices in the financial services industry”, published by Wiley in December 2018 is already a best seller, ranking up to #3 on Amazon UK and up to # 1 in Amazon.com new releases of financial risk management books.
Continuing Risk Learning Credits: 1
PRMIA Continuing Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].
Register For Lesson Two
Register For Full Series