Risk appetite and risk tolerance are two of the most controversial topics in the enterprise risk management field today.
While some risk managers see value, most struggle to make risk appetite and risk tolerance more than vague statements that do not relate to day-to-day risk management activities.
Risk appetite and risk tolerance may be important to the Board of Directors and other senior leadership teams, but the measures are meaningless unless they are made actionable within a robust ERM framework. Making risk appetite and risk tolerance actionable will help to improve the direction and efficiency of your ERM program.
Read this eBook for our 5 steps to making this possible, including:
- Crafting enhanced risk appetite and risk tolerance statements
- Aligning risk appetites and risk tolerances with organizational goals and business models
- Collecting the right risk metrics for forward- looking reports
- And more!