RISKWORLD 2024 Pre-Conference Workshop
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: $560 USD | Non-members: $660 USD
May 4–5 | 10:00 AM – 5:00 PM PT
San Diego, CA
Instructor: Ken Baker , Principal, Enterprise Risk Consulting
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.
Formats: Live virtual, in-person, corporate or RIMS chapter training
Contact PD@RIMS.org regarding corporate and chapter training.
We suggest that you register on-line for quick registration as soon as possible since registration is limited. If you are mailing us a check or doing a bank transfer, you need to fax us a copy of the registration form in order to hold your seat in the program. Registration is not guaranteed until we receive payment. If you wish to participate in a RIMS course, the registration fee needs to be received by RIMS before the first day of the course.
If you register by mailing a check or doing a bank transfer, you will be accepted as long as the program is not sold out when we receive your payment.
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 more prior to the start of the workshop can receive a credit to attend another workshop with the same duration and cost within three months.
You may cancel your registration at any time by emailing PD@RIMS.org. Cancellations received more than 30 days prior to the start of the event will receive a 100% refund. Cancellations received 15 to 30 days prior to the start of the event will receive a 50% refund. No refunds will be provided for cancellations received less than 15 days prior to the event. No refunds will be issued after the event. All refunds will be refunded to your original method of payment. Registrations may not be shared but may be transferred at no cost up to 15 days prior to the start of the event with notification to PD@RIMS.org.