This Risk Appetite Framework, Risk Tolerance and Key Risk Indicators (KRIs) session in Paris runs from Monday 12 April to Friday 16 April 2027 (week 15, Q2 2027). It is the 1st of 2 dates in Paris in 2027, at a fee of 23,500 SAR, the same for each of them. Registration is open for this date. It is held in person at Right Bank business hotel.
Many boards approve a risk appetite statement that no one can apply: it is too vague to guide a decision, it is not translated into limits, and the indicators reported against it change colour only after the loss has happened. Management then cannot tell whether the organisation is inside or outside appetite. This Core Concept course equips managers to build a working risk appetite framework, from risk capacity and appetite statements to calibrated key risk indicators and escalation. Participants build each element with numeric data and leave with a Risk Appetite Framework and KRI Dashboard.
Course Objectives
Distinguish risk capacity, appetite, tolerance and limits, and link them to strategy and objectives
Apply the FSB Principles, COSO ERM and COSO risk appetite guidance to design a risk appetite framework and its governance
Draft risk appetite statements by category and cascade them into business unit tolerances and limits
Select leading and lagging key risk indicators and calibrate their thresholds using historical data
Test appetite against stress scenarios and apply breach escalation protocols when indicators move outside tolerance
Produce a Risk Appetite Framework and KRI Dashboard ready for executive and board approval
Target Audience
Risk managers and ERM teams responsible for the risk appetite framework
Finance, treasury and planning managers setting financial limits and capital buffers
Business unit and operations managers who own tolerances and indicators
Risk reporting and management information analysts building KRI dashboards
Compliance and internal audit managers testing adherence to approved appetite
Course Outline
Day 1: Risk Appetite Foundations
Risk Capacity, Appetite, Tolerance and Limits Hierarchy
Risk Criteria Under ISO 31000:2018 Clause 6.3.4
Strategy, Objectives and Performance Link in COSO ERM 2017
Qualitative and Quantitative Appetite Statements Compared
Current Risk Appetite Practice Diagnostic Checklist
Day 2: Risk Appetite Frameworks and Guidance
FSB Principles for an Effective Risk Appetite Framework (2013)
COSO Risk Appetite—Critical to Success Guidance (2020)
COSO Key Risk Indicator Guidance: Developing KRIs to Strengthen ERM
BCBS 239 Principles for Risk Data Aggregation and Reporting
Risk Appetite Governance: Board Approval and Three Lines Roles
Day 3: Building Appetite Statements and Indicators
Risk Appetite Statement Drafting by Risk Category
Cascading Appetite into Business Unit Limits Using a Limit Tree
KRI Selection from Risk and Control Self-Assessment (RCSA) Outputs
Leading and Lagging Indicator Design with the SMART Test
KRI Threshold Setting: Green, Amber and Red Trigger Levels
Day 4: Calibration, Stress and Breach Management
Statistical Threshold Calibration Using Historical Data and Percentiles
Stress Testing and Reverse Stress Testing Against Risk Capacity
Breach Escalation Protocols and Remediation Triggers
Appetite Metrics for Non-Financial Risks: Conduct, Cyber and Reputation
KRI Data Quality Controls and Metric Ownership
Day 5: Modelling Build and the Risk Appetite Framework
Energy Sector Scenario: Calibrating Operational Risk Tolerances
Financial Services Scenario: Credit and Liquidity Limit Setting
KRI Dashboard Build with Trend and Threshold Visualisation
Risk Appetite Framework Assembly for an Own Organisation
Peer Review Panel and Framework Defence
Skills You Will Gain
Risk Appetite Articulation
Risk Tolerance Setting
Limit Cascading
KRI Design
Threshold Calibration
Stress Testing
Breach Escalation
Risk Dashboard Development
Why Attend This Course
Return to work with a Risk Appetite Framework and a working KRI Dashboard for your own organisation, already tested by peers
Give decision-makers a clear answer to whether a proposal sits inside or outside approved appetite
Replace indicators that report losses after the event with thresholds that give early warning
Compare appetite practice with managers from other sectors and countries who report to similar boards
Conclusion
Risk appetite is useful only when it is specific enough to guide decisions and measured by indicators that warn before limits are breached. This course moves from capacity, appetite and tolerance concepts, through the FSB Principles and COSO guidance, to drafting statements, cascading limits, designing indicators and calibrating thresholds under stress. The final day turns that work into a Risk Appetite Framework and KRI Dashboard that participants take back to their executives, giving them a structured and defensible basis for the next appetite review.
Risk Appetite Framework, Risk Tolerance and Key Risk Indicators (KRIs) runs in Paris over 5 days, with 2 upcoming dates in Paris. The course fee is 23,500 SAR.
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