Breakfast Briefing

Practical Operational Risk Appetite

This Risk Breakfast Briefing will explore operational risk appetite and in particular how to develop risk appetites from your existing RCAs.

We will work with you, the attendees, to build (at the breakfast) realistic appetites for the elements of the portfolio shown by the RCA. Using our voting tool, you will decide the levels of operational risk appetite for each risk, based on their inherent and residual assessments. Where appropriate, we will also comment on which risks may naturally also find KRIs useful from a risk appetite perspective. We will consider not only what can be achieved by setting an operational risk appetite but also how you may want to limit your appetite from a cost/benefit view. We will additionally identify which risks may have appetites that change over time.

The Breakfast will be facilitated by Prof Tony Blunden and Charlotte Kiddy, both of whom have extensive experience in assisting clients with operational risk appetite.

Aimed at senior professionals involved in governance and in the internal audit, risk management and compliance disciplines within financial institutions, the session will have a clear focus on the practicalities and identify key steps for firms to proceed to the next level.

As space is limited, the briefing is open to senior compliance, business and risk staff working in FSA authorised firms.

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