RISK APPETITE STATEMENT
How should you set up a risk appetite statement?
A risk appetite statement must be a good fit with an organisation’s objectives and its willingness to be exposed to risks. The basis for a good statement comprises a declaration documented on one or two A4 pages and covering all types of risks. In a narrative form, the statement describes the types and levels of risks that an organisation is prepared to be exposed to in order to realise its objectives. We express risk appetite in tolerance bands that can be low, medium or high.
WHAT’S IN IT FOR YOU?
Our set-up is immediately ready to use! Much of the necessary input is often already available. In those instances where it still lacks depth or detail, we demonstrate what’s necessary by means of examples.
WHAT CLIENTS SAY
Set up and implementation of a Customer Due Diligence policy
“Making a good start was half the battle”
The challenge facing KAS BANK was to implement a Customer Due Diligence policy and rationalise customer files in a limited timeframe.
In collaboration with ITDS, project manager Marc Brouwer took on the challenge.
A social strategy and implementation for OHRA
“As soon as we were satisfied, they’d raise the bar”
In the space of just a few years the role of Social Media at OHRA has grown from “a nice little extra” to a fully fledged business channel.
Iris Wezenberg – previously Social Media Manager and now Online Service Manager with this Dutch insurer – explains how it all came about.
An international IT strategy and organisational change
“You have to get people onside because not everyone likes change”
In just over 40 years Brunel has evolved from a Delft-based brokerage company into an international service provider employing more than 11,000 people in 37 countries. In many of these countries Brunel used local IT systems, each with its own definitions. To make it all future-proof, all these systems had to be replaced by a single system based on the same standard.
Stefan de Boer, Manager Global IT, tells about the collaboration with ITDS.