Introduction to Enterprise Risk Management
This chapter introduces the most important elements of risk management. We explain risk and risk management, what a risk management process does, and how risk can be assessed and treated in general. Moreover, it is shown how the risk appetite and risk criteria can be determined, and the role of the chief risk officer is discussed.
Risk; Risk Management; Risk Management Process; Risk Appetite; Risk Assessment; Risk Treatment; Chief Risk Officer
What you will learn in this chapter
What is risk and risk management
What is a risk management process
How to determine risk appetite ...