Finance & Banking · Risk Management

Risk Appetite Statements - Words That Constrain Behaviour

MBA / Exec-Ed simulation of a 60-minute drafting sprint to build a Petrolia risk-appetite statement that survives Board Risk Committee interrogation, the CER Article-51 filing, and a live USD 40M M&A trigger with incomplete cyber diligence.

3 rounds Executive English, Español

Preview

About this simulation

MBA / Exec-Ed simulation of a 60-minute drafting sprint to build a Petrolia risk-appetite statement that survives Board Risk Committee interrogation, the CER Article-51 filing, and a live USD 40M M&A trigger with incomplete cyber diligence. Three rounds: Diagnose the existing nominal statement, Design a five-block quantitative appetite framework with metrics annex, Defend to Mercedes Aravena.

Built on COSO 2017/2020, ISO 31000:2018, FSB 2013 Principles, Sweeting Ch. 7, and Aven on language-as-knowledge-claim.

Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 3 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Diagnostic depth
  • Primary failure mode you will name
  • Block 4 - Cyber-VaR-95 single-event ceiling (USD millions)
  • Block 4 - NIST CSF maturity required at acquisition or within 12 months
  • Block 4 - Penetration-test recency limit (months)
  • Block 1 - Stressed Net Debt / EBITDA hard ceiling (x)
  • Block 2 - Tier-1 process-safety event ceiling (per million hours, API RP 754)
  • CostaServ recommendation by 22:00 Saturday
  • Override architecture if CEO disagrees with framework output

What participants track

What participants follow on screen as the rounds go by:

  • Mercedes Aravena - Running Assessment
  • Five-Metric Trajectory

Subjects covered

Designed for courses in Risk Management.

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