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