This course focuses on a common operational risk topic and the difficulties in converting the data obtained into real business value. Operational risk management is much more difficult to link to clear business benefits than market risk management and credit risk management. However, for those that manage it, there are many business benefits including aligning your risk profile with your risk appetite and ensuring that your control profile fits your cost budget and your resources budget.

The ability to evaluate, design and monitor risk appetite is fundamental to a firm’s well-being and successful growth. Many firms find it difficult to clearly state their operational risk appetite, preferring to use terms such as ‘We have a low overall appetite’. This course will show you how to state your operational risk appetite both qualitatively and quantitatively, clearly and precisely on a risk-by-risk basis. The course will also review the easier-to-grasp concept of control appetite and show how control appetite is the more straightforward part of risk appetite.

The course covers its subject in depth in around three hours. The course is based on the very successful post-graduate rated Operational Risk Professional course which RiskLogix has run for over six years. Jargon is avoided (or explained where it is necessary to use it). No prior risk management experience is necessary, although an open and enquiring mind is essential. Questions from delegates at any time are encouraged and the course is deliberately open and participative.

Learning outcomes

• Design risk appetite frameworks, statements and limits
• Differentiate between risk appetite and control appetite
• Appraise different methods of describing risk appetite and control appetite
• Contrast causes appetite and effects appetite, and their different components
• Benchmark your appetite reports

Take this training in-house:

This training is also available as an in-house programme, which means you can tailor it to exactly what you and your colleagues require. Pricing for in-house will depend on what is required. Enquire about this option by contacting our training team.

Pricing:

Individual session tickets:

• £450 (+VAT) - Members and Associate Members
• £575 (+VAT) - Non-members

This course is part of the Operational Risk Programme, which includes five workshops in total, see below for information on each: