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Your organisation’s risk appetite determines how much risk your organisation takes on and accepts. As public sector organisations, we need to define our risk appetite in accordance with the mandatory requirements of the Victorian Government Risk Management Framework.

Defining your risk appetite and sharing your risk appetite statement with decision makers across the organisation, sends a clear signal and aligned approach to decision makers about how much risk they may take, and create, in carrying out the functions and activities of the organisation.

This session will explore key concepts and the value of defining your risk appetite, with advice on how to articulate risk appetite statements.

Learning outcomes

By the end of this workshop, you’ll be able to:

  • explore the concepts and value of risk appetite
  • explore different strategies to define risk appetite
  • advise on how to articulate a risk appetite statement.


This session is designed for Victorian Government and community services organisations. This workshop is also relevant to non-risk professionals and is suited to managers and leaders who require a fundamental understanding of risk appetite.

What's next

This event will be hosted on Zoom. Clicking the registration button will redirect you to an external website to sign up. Once you've successfully registered, you'll receive a confirmation email. Make sure you add the event to your calendar.



Teresa Riccio

Teresa Riccio-Goodwin, Client Learning Facilitator

I’ve spent my professional career working within various facets of risk management and internal audit. I am a globally qualified internal auditor, and furthering my studies in Risk Management with the Risk Management Institute of Australasia. I enjoy working within risk management and internal controls, this is translated into my friendly approach to tasks and working collaboratively with people to add value to the risk and audit function.

If you have any questions or need some assistance, please reach out to - we look forward to connecting with you.

Collection Notice

VMIA will collect your personal information through the registration form in order to register you for a workshop. This personal information may be used to contact you regarding program details, to distribute content (such as resources and additional program updates), for collecting feedback and for reporting purposes.

VMIA may record the session, the information recorded may include the names, images, voices, and opinions of participants. Recordings may be used to improve future sessions or to provide copies to VMIA clients that could not attend the live session, however, VMIA may use or disclose the recording for another related purpose. By registering for this event, you consent to your personal information being recorded in the video recording of the session.

We will not disclose your personal information without your consent, except where required to do so by law.

If you do not wish to provide your personal information you will be unable to register for the program.

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