Risk Appetite and Goals Setting
Determine and manage the organisation’s risk appetite in a way that aligns with strategic objectives
Type
Functional
Competency Area
Risk Management, Governance and Regulatory Compliance
Levels
Implement risk audit guidelines and generate reports
Collate information from laid down sources to generate risk reports
Keep stakeholders informed on associated risks and escalate issues as per risk profile
Assess organisations risk appetite thresholds
Review organisation’s risk appetite and generate risk goals
Examine risk goals for organisations implementation
Investigate factors that may have an impact on organisations risk management process
Roll-out best practices for efficient risk management
Articulate risk appetite statements to others to work towards achieve goals
Incorporate measures to foster sustainability of risk goals
Guide understanding of risk appetite and develop risk management principles
Guide establishment of an organisation's risk appetite and risk goals and assessment of environmental factors affecting risk management
Develop organisation's risk appetite and risk goals in consultation with relevant stakeholders
Assess environmental factors that may have an impact on the organisation’s risk management process
Refine risk appetite and risk goals in accordance with risk management framework and process
Operationalise risk appetite and risk goals into risk metrics in accordance with organisational processes
Communicate risk appetite and risk goals to employees