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Risk Appetite training

Five microlessons on risk appetite in financial services: the risk framework, governance, risk appetite statements and handling breaches, with situational tests and a certificate of completion.

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Risk Appetite (UK) course preview
5Short, TikTok-style microlessonsIn the browser or the iOS and Android apps

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  • 2Assessments
  • 5Microlessons
  • IncludedCertificate of completion
About this course

What the Risk Appetite course covers

This course explains risk appetite in UK financial services in five microlessons. It covers why risk appetite matters, how it fits with risk tolerance, capacity and operational resilience, governance and accountability under the Senior Managers and Certification Regime, writing and communicating risk appetite statements, links to the Consumer Duty and fair value, and managing breaches and regulatory reporting.

Learning outcomes

What your people will be able to do

  • Define risk appetite, tolerance, capacity and impact tolerance with clear, measurable criteria
  • Turn risk appetite into limits, policies and monitoring metrics for day-to-day use
  • Set governance roles and accountability across the board, senior management and the risk function
  • Build Consumer Duty and fair value requirements into risk appetite statements and product decisions
  • Escalate and report material breaches promptly
  • Assess third-party dependencies and operational resilience against impact tolerances
Course contents

5 microlessons

Each microlesson is a short, TikTok-style video lesson, with knowledge checks along the way.

1Why Risk Appetite Matters in Financial Services
2Understanding Risk Appetite Within the Risk Framework
3Governance and Accountability for Risk Appetite
4Risk Appetite Statements and Communication
5Managing Risk Appetite Breaches and Regulatory Reporting

  1. Why Risk Appetite Matters in Financial Services: What risk appetite is and why it underpins good decisions.
  2. Understanding Risk Appetite Within the Risk Framework: Appetite, tolerance, capacity and impact tolerance.
  3. Governance and Accountability for Risk Appetite: The roles of the board, senior managers and the risk function.
  4. Risk Appetite Statements and Communication: Writing clear statements and turning them into limits and metrics.
  5. Managing Risk Appetite Breaches and Regulatory Reporting: Spotting, escalating and reporting breaches.
A 5Mins certificate of completion for Risk Appetite (UK), lying on a desk next to a laptop
Certificate

A certificate for every learner who completes it

Learners finish every microlesson and complete the assessments. 5Mins then issues a certificate of completion for Risk Appetite (UK).

  • Certificates and e-signatures stored against each learner
  • Audit-ready records, ready whenever an auditor asks
  • Completion shows on the Compliance Dashboard in real time
Audience and regulation

Who it's for and the law it covers

Who it's for

  • Employees of UK banks, insurers, investment and payment firms
  • Risk, compliance and finance teams
  • Senior managers and board members who set and approve risk appetite
  • Managers who make day-to-day decisions within risk limits

Laws covered

  • Senior Managers and Certification Regime (SM&CR). Makes senior managers individually accountable for their areas of responsibility, including how risks are governed and controlled.
  • FCA SYSC. Requires firms to have robust governance arrangements and effective processes to identify, manage, monitor and report the risks they are or might be exposed to.
  • Consumer Duty (PRIN 2A). Requires firms to deliver good outcomes for retail customers, including fair value. It has applied to products open to sale since 31 July 2023.
How it runs in 5Mins

Assign it once, then let 5Mins do the chasing

Every course in the 5Mins library runs on the same zero-admin engine.

  • EnrollAuto-enroll

    Enroll people automatically from your HR system, with 100+ HRIS platforms supported.

  • RemindReminders

    Nudges by email, Slack, Microsoft Teams and push until the course is done.

  • RepeatRecurrence

    Set the course to repeat, for example every 12 months, and 5Mins re-enrolls people for you.

  • CertifyCertificates

    Certificates and e-signatures are issued and stored for every completion.

  • ProveAudit-ready records

    See who is complete, at risk or overdue on the Compliance Dashboard, and prove it any time.

Customer stories

Compliance teams that swapped chasing for results

Compliance, HR and L&D leaders on what changed when they moved their training to 5Mins. Pick a team to see what changed.

ComplianceCompliance Training Insurance, 205 colleagues 100%

compliance completion and pass rate since go-live

  • ~1 day saved on each compliance course (HR estimate)
  • Automated reminders and reporting

Since go-live, our compliance completion and pass rates are 100%, and it's the quickest we've ever got there. Automated reminders and reporting save us about a day per course.

Laura ChappellLaura ChappellHR Director, Collingwood
Read the Collingwood story
ComplianceCompliance Training Insurance and emergency accommodation 87%

less session time, from 2.5-3 hour sessions to modules of 25 minutes at most

  • 12 monthly sessions a year, up from 3-4
  • 95% content creation time saved

Our compliance sessions used to be two and a half to three hours in a room, and we could fit in three or four a year. Now we cover one topic a month, and I can see exactly what people are retaining.

Lucy WybornLucy WybornDirector of Learning and Development, ICAB
Read the ICAB story
ComplianceCompliance Training Legal services 80%

completion on mandatory training, up from 20%

  • Mobile microlessons finished between calls
  • Manager view of each team's progress

We were sitting at 20% completion on our mandatory training. We're now at 80%. People finish short lessons between calls, on mobile, and managers can see where their teams are, so chasing completion is no longer a one-person job.

Jamie WaltonJamie WaltonGroup Learning and Development Officer, Winn Solicitors
See more customer stories
ComplianceCompliance Training Fintech and digital banking On demand

training log showing who did what, when, and the pass rate

  • Any device phone or laptop, at their own pace
  • Rolling refreshers through the year

When I engage with the FCA, I can show that every team has had training tailored to their role, that it's up to date, and that it runs throughout the year, with a full log of who's done what.

Abdul GofurAbdul GofurHead of Compliance & Anti-Financial Crime, nsave
Read the nsave story
★ Free sample lesson

See 5Mins in action with a free sample lesson

Interested in Risk Appetite training? Request a free sample lesson, book a short demo with our team, and we'll share your sample lessons after the call.

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  • A short demo with our team
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Free course catalogues

Take the catalogues with you

Free PDF catalogues to share with your compliance lead, your managers or your board.

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Financial services

Global Financial Compliance Catalogue

Specialized compliance training for financial services teams working across borders, covering AML, risk management, customer due diligence and international regulations.

UK Compliance Catalogue cover
UK compliance

UK Compliance Catalogue

Built for UK organizations, covering GDPR, RIDDOR, Martyn's Law, employment law and the regulations your team needs day to day.

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Compliance

Global Compliance Catalogue

Stay compliant across every market you operate in, with regulatory training covering GDPR, data protection, workplace safety and more.

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Your questions answered

Questions about Risk Appetite training

How long is the Risk Appetite course?

It's made up of 5 microlessons, each under 5 minutes. Learners can finish it in one sitting or spread it over a few days, and 5Mins sends reminders until it is done.

Is there a certificate?

Yes. Learners get a certificate of completion once they finish every microlesson and complete the situational tests. The record is stored in 5Mins for audits.

What is the difference between risk appetite and risk tolerance?

Risk appetite is the amount and type of risk a firm is willing to take to meet its objectives. Risk tolerance sets the acceptable variation around that appetite, often as limits and triggers that prompt escalation.

Who should take this course?

Anyone who sets, approves or works within a firm's risk appetite, from risk, compliance and finance teams to managers, senior managers and the board.

How often should staff take this training?

Refresh it at least once a year and whenever your risk appetite statement changes. In 5Mins you can set the course to repeat, for example every 12 months.

Can I try the Risk Appetite course first?

Yes. Request a free sample lesson and book a short demo with our team. After your demo, we'll share sample lessons with you so you can see the format for yourself.

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