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1 Enterprise Risk Management Division Item 8a–Attachment 2, Page 1 of 6 Enterprise Risk Management Enterprise Risk Management Division June 20, 2017

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Page 1: Enterprise Risk Management - CalPERSEnterprise Risk Management Division 1 Item 8a–Attachment 2, Page 1 of 6 Enterprise Risk Management . Enterprise Risk Management Division . June

1 Enterprise Risk Management Division

Item 8a–Attachment 2, Page 1 of 6

Enterprise Risk Management

Enterprise Risk Management Division June 20, 2017

Page 2: Enterprise Risk Management - CalPERSEnterprise Risk Management Division 1 Item 8a–Attachment 2, Page 1 of 6 Enterprise Risk Management . Enterprise Risk Management Division . June

2 Enterprise Risk Management Division

Item 8a–Attachment 2, Page 2 of 6

Enterprise Risk Management Framework

Page 3: Enterprise Risk Management - CalPERSEnterprise Risk Management Division 1 Item 8a–Attachment 2, Page 1 of 6 Enterprise Risk Management . Enterprise Risk Management Division . June

3 Enterprise Risk Management Division

Item 8a–Attachment 2, Page 3 of 6

January Board Workshop to Today

Page 4: Enterprise Risk Management - CalPERSEnterprise Risk Management Division 1 Item 8a–Attachment 2, Page 1 of 6 Enterprise Risk Management . Enterprise Risk Management Division . June

4 Enterprise Risk Management Division

Item 8a–Attachment 2, Page 4 of 6

Results of January Board Risk Appetite Workshop

Pension Funding Risk Appetite to be determined during current ALM cycle

Page 5: Enterprise Risk Management - CalPERSEnterprise Risk Management Division 1 Item 8a–Attachment 2, Page 1 of 6 Enterprise Risk Management . Enterprise Risk Management Division . June

5 Enterprise Risk Management Division

Item 8a–Attachment 2, Page 5 of 6

Three Questions to Set Risk Appetite

Page 6: Enterprise Risk Management - CalPERSEnterprise Risk Management Division 1 Item 8a–Attachment 2, Page 1 of 6 Enterprise Risk Management . Enterprise Risk Management Division . June

6 Enterprise Risk Management Division

Item 8a–Attachment 2, Page 6 of 6

The Goal of Effective Risk Management