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This presentation is based on a part of an academic course on Advanced Enterprise Risk Management (Advanced ERM) titled ‘Risk appetite and Risk team structure’ and covers topics such as: risk appetite: what is it and how can it be identified, risk team structure, what do risk teams do, creating a risk team structure, a case study based on Hydro One and material on risk reporting

Slides

1	Session 4: Risk appetite and Risk team structure
2	Session 4: Risk appetite and Risk team structure
3	Risk appetite
4	KPMG views on risk appetite (1)
5	KPMG views on risk appetite (2)
6	KPMG views on risk appetite (3)
7	What does this mean in practice?
8	Generating a risk appetite statement
9	PWC Approach to risk appetite (Barfield, 2009)
10	PWC Risk appetite elements (Barfield, 2009)
11	IRM (2011) Guidance Paper (1)
12	IRM (2011) Guidance Paper (2)
13	Risk appetite and risk-reward trade-offs
14	Academics often link risk appetite with capital
15	Is capital always the right answer?
16	Risk appetite also linked to portfolio optimisation
17	Financial Stability Board (2013) (1)
18	Financial Stability Board (2013) (2)
19	Session 4: Risk appetite and Risk team structure
20	What do risk teams do? (1)
21	What do risk teams do? (2)
22	What do risk teams do? (3)
23	Session 4: Risk appetite and Risk team structure
24	Creating an ERM function / Centralised Risk Team
25	According to IAA note, newly appointed CRO may
26	Existing context: questions to address include
27	Organisational structures
28	Risk function likely to require range of skills
29	Example risk structure for a major bank
30	Principal responsibilities of a CRO
31	Policy and strategy
32	Risk identification and assessment
33	Management and reporting framework
34	Reporting and stakeholder engagement
35	Line support and knowledge sharing
36	Is just having a dedicated risk team enough?
37	Session 4: Risk appetite and Risk team structure
38	Case study
39	Hydro One
40	ERM in Hydro One
41	Initial attempts to establish ERM
42	Risk management process
43	ERM introduction and governance
44	Workshop
45	Implementation
46	Overall aim
47	Clarity
48	Risk tolerances
49	Risk tolerances (1)
50	Risk tolerances (2)
51	Risk magnitudes and probabilities
52	Probability rating scale
53	Risk maps (1)
54	Risk maps (2)
55	Risk owners
56	Possible reactions to risk
57	Corporate risk profile
58	Investment / activity planning
59	Perceived benefits / outcomes
60	Class discussion
61	Session 4: Risk appetite and Risk team structure
62	Risk reporting, as per IAA Note
63	Risk reporting: key questions to address
64	Information associated with different risk categories
65	E.g. Osterreiche Nationalbank (2004)
66	Published Financial Statements
67	Example dashboard reporting (1)
68	Example dashboard reporting (2)
69	Risk dashboards suggested by IBM (2009)
70	Class discussion
71	Session 4: Agenda covered
72	Important Information

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