Risk Appetite for Non-Quantifiable Risks: A bank and insurance perspective

Summary

Financial institutions need to define a risk appetite for all material risks they are exposed to. However, many important risks are very difficult to quantify, especially in the operational risk and compliance domain. We will explore how risk appetite can be expressed for such risks, and how they can be managed in practice to remain within a stated risk appetite / tolerance. The speakers will provide a view from the banking and the insurance industry.

Presenters

Dominique Rohr FRM: Zurich Insurance Group, Senior Risk Manager, Risk Appetite & Emerging Risks
Nils Frei: UBS, Executive Director, Head Wealth Management Compliance, Risk & Control Framework and Chief of Staff

Chapter Event

In our chapter events – access for members only – we present one or more speakers to share knowledge, updates and best practises on a specific risk topic. In small groups of risk professionals you can exchange thoughts and test ideas. More on SRA chapters. This event is hosted by the chapter Risk Appetite.