Risk appetite / Risk team structure [20]

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Bullet points include: What risk managers do depends (in part) on what stakeholders think risk management involves Usually somewhere along spectrum between: Primarily involved in identification, quantification and/or mitigation of risk of loss ‘Second line of defence’, independence, outside any individual business unit Collaborating with other managers involved in deciding what risks an organisation should carry Maybe bringing a particular mindset to help work out whether taking the risk is likely to be adequately rewarded More ‘front line’ role

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