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Risk Appetite & Strategy
Masterclass

JHB. Dates: 23 - 24 November 2022

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Risk appetite is a core element of every Enterprise Risk Management (ERM) approach, system, framework. It is also an essential requirement for many corporate governance codes. Risk appetite can be complex but, must be measurable. 

This masterclass will cover practical ideas to identify, validate, develop, and document risk appetites for different strategic, operational, and financial business decisions. The Prospen Africa team will provide you with excellence and memorable workshop.

By attending this training course, delegates will be able to:

  • Develop effective and efficient risk appetite to support the strategy and the objectives
  • Implement, evaluate, maintain, and improve the current risk appetite and risk management system, and enhance good governance for the organisation
  • Implement ERM and good governance principles throughout the organisation

MODULE 1 – The history of risk appetite 

  • Consistent risk appetite vocabulary (risk appetite, risk tolerance and risk limits)
  • The regulatory framework behind risk appetite (ISO 31000, COSO guidance, OCEG, IRM)

MODULE 2 – Understanding the nature of how business really makes decisions

  • The relationship between management and shareholders when making decisions
  • Decision quality, conflict of interest, fraud, and cognitive biases

MODULE 3 – The alternative approach to think about risk appetite

  • Risk appetite as a shareholder tool
  • Risk appetite as a management tool
  • Risk appetite as a regulator tool

MODULE 4 – Identifying existing appetite for risks

  • Reviewing existing policies and procedures
  • Identifying types of business decisions made by the management and authority levels

MODULE 5 – Validating existing appetite for risks

  • Validating existing risk appetites against regulatory requirements
  • Validating existing risk appetites against risk profile
  • Validating existing risk appetites against stakeholder expectations

MODULE 6 – Quantifying and document appetite for risk

  • “Zero tolerance” risks
  • Setting qualitative risk limits
  • Setting quantitative risk limits

MODULE 7 – Reviewing and updating risk appetite

  • Integrating into existing policies and procedures
  • Auditing risk management effectiveness, building the relationship with internal and external audit and the regulators

This programme runs for 2 days

Available on request.

Our Risk Appetite & Strategy Masterclass is available in a variety of formats to best match your needs

In-House training: We bring the training to your location. Available with customized features created to meet your requirements.

Virtual Training: Delivered totally online, our virtual sessions are designed to keep participants engaged through relevant training, activities for practice, and ongoing reinforcement.

  • Directors of the Board and Board Committees
  • Senior Management
  • Risk Managers and Chief Risk Officers
  • Internal and External Auditors
  • Audit Committee Members
  • Compliance Managers and Compliance team
  • COO and Operations Executives

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