Risk appetite and tolerance are topics that need to be high on any board’s agenda. It is a core consideration of an enterprise risk management approach. This session aims to provide a practical approach to support the right discussions and decisions at all levels of the organisation around this topic.
Description:
During this course, we will look at how risk appetite and tolerance differ for different organisations. What is ultimately a structured approach towards risks differs over time and will vary across industries, cultures and objectives set by organisations. In addition, a range of appetites exist for different risks, situations and opportunities.
Through this course, we will look at this difference and the framework within which they can be defined. We will also analyse how these can be measured and customised to an organisation’s needs Of course ongoing monitoring and proper communications are key aspects that need to be properly designed and implemented for the success of any such approach.
Course Topics:
Learning Objectives:
Target Audience:
Assessment Questions and Answers:
In line with MFSA requirements, a short multiple-choice assessment will be provided by the trainer towards the end of the session. A Certificate of Attendance will be awarded to all students who attend the CPD (duration will be included on certificate). A Certificate of Achievement will be awarded to those who sit for the assessment and are successful (pass mark 60%)
Stefan Lia currently Heads the Governance, Risk and Compliance Function at Betsson Group. His responsibilities include coordinating internal audit, managing the group insurance program, designing, implementing and managing risk management and governance processes and acting as advisor to operational management on various matters.
Stefan started his career working with a Maltese insurer where he was responsible for Commercial Insurance underwriting. This was followed by a stint at the MFSA where he spent over four years as part of the Consumer Complaints Unit. Prior to joining Betsson in his current role, he was part of the team Risk Advisory at Deloitte Malta.
Stefan holds an Advanced Diploma in Insurance from the Chartered Insurance Institute, a BA Hons in Financial Services from University of Edinburgh Napier and MSc in Risk Management from Glasgow Caledonian University and is certified in Risk and Information System Controls by ISACA.
