Operational Risk Appetite Statement Example

Visit for additional content, training and consulting related to Operational risk management. Operational Risk Appetite Statement Example Introduction Many financial services organizations are currently in the process of defining or revising their Operational risk Appetite framework. A key part of the framework is defining the risk Appetite Statement . Such statements are the main channel through which an organization can effectively communicate and instill risk management into their decision making process. Developed and utilized effectively they can support the business as a whole to make risk based decisions at all levels.

risk appetite related concepts and criteria, as covered within the operational risk appetite framework of the bank. The content of this document should provide clear guidance to the reader on which operational risk exposures are acceptable and unacceptable to the bank. Such clarity can facilitate risk-

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  Risks, Testament, Appetite, Risk appetite, Risk appetite statement

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