HR-Survey > Competency Model > Risk Management

Questionnaire Items Measuring Risk Management

Definition: Risk represents an uncertainty that can either positively or negatively impact the achievement of business goals. Risk Management is the process of recognizing, evaluating, and analyzing those risks to reduce the occurrence of, or minimize the impact of, adverse events or to identify potential opportunities. Effective risk management can improve responsiveness to critical events and the information gathered can help improve strategic decision making.

Risk Management is an important skill for a manager. Individuals must:

Prioritization: Prioritize risks based on likelihood of occurrence and/or impact on the organization.
Analysis: Conduct comprehensive risk analysis and prioritization, employing advanced tools and regular assessments to minimize adverse outcomes and inform strategic decisions.
Awareness: Effectively identify, evaluate, and mitigate potential workplace risks while ensuring regulatory compliance and understanding financial implications.
Consequences: Effectively assesses and manages risk levels by evaluating impacts on market, reputation, infrastructure, and finances, while identifying opportunities to leverage risks for strategic advantage.
Action: Manage, mitigate, control, and/or embrace risk. These actions help to maintain a balanced and resilient approach to risk management.

Individuals with strong risk management skills identify, evaluate, and prioritize risks, and then develop strategies to handle them effectively. The aim is to reduce the likelihood and impact of risks through proactive measures, such as implementing safety protocols or diversifying investments. This focuses on monitoring and adjusting risk management strategies to ensure they remain effective over time, adapting to any new or evolving risks. Sometimes, taking calculated risks can lead to significant rewards. Embracing risk means recognizing potential opportunities and strategically leveraging them to the company's advantage.

Surveys Measuring Risk Management:
Survey 1 (4-point scale; Competency Comments)
Survey 2 (4-point scale; Competency Comments)
Survey 3 (5-point scale; Competency Comments)
Survey 4 (5-point scale; radio buttons)
Survey 5 (4-point scale; words)
Survey 6 (4-point scale; words)
Survey 7 (5-point scale; competency comments; N/A)
Survey 8 (3-point scale; Agree/Disagree words; N/A)
Survey 9 (3-point scale; Strength/Development; N/A)
Survey 10 (Comment boxes only)
Survey 11 (Single rating per competency)
Survey 12 (Slide-bar scale)

360-Degree Feedback Questionnaire Items

The Risk Management competency in a 360-Degree Feedback assessment includes items measuring the ability to: evaluate and analyze risk; to be aware of risk and its consequences or opportunities; to manage, mitigate, control, and/or embrace risk.

Evaluates Risk

Determines the risk tolerance of the company.
Identifies what actions the organization is willing to take.
Evaluates the probability of a risk event occurrence.
Evaluates risks in terms of their consequences and likelihood of occurrence.
Uses risk management to ensure smooth operations.
Uses risk management to make better strategic decisions.
Evaluates the impact of certain events on the attainment of corporate objectives.
Determines how the risk management information is to be used.
Uses risk management to remain in compliance with regulations.
Uses risk management to be more effective in identifying and implementing projects.

Risk Analysis

Gathers information regarding potential risks.
Evaluates risks against acceptable risk levels.
Performs regular risk analyses to minimize adverse outcomes.
Performs a risk analysis as needed.
Quantifies current business practices to make better informed decisions.
Prioritizes the risks to determine the most pressing needs.
Conducts internal audit of risk assessments.
Uses Monte Carlo Risk Simulations and decision analytics to create the best possible strategic decisions.
Prioritizes risks to act on critical issues first.
Prioritizes risks based on probability of occurrence and possible impact to the company.
Determines which are the serious threats.

Risk Awareness

Accurately perceives potential risks in the workplace and initiates preventative measures.
Has the knowledge and skills to accurately identify risks in the workplace.
Accurately perceives potential risks in the workplace.
Perceives the risks of different work tasks and activities.
Is aware of process safety management.
Is aware of the financial implications of certain risks.
Identifies the most significant risks from business operations.
Understands how to meet regulatory compliance.
Understands the possible financial risks of different events.
Understands that risk may represent a threat or an opportunity.

Determines the Consequences

Accurately determines appropriate risk levels (i.e., levels of acceptable risk).
Determines the potential financial impact of specific risks.
Determines the potential outcome of adverse risk events.
Looks for opportunities to turn a risk event into an advantage for the company.
Determines the impact of specific risks on infrastructure.
Determines the impact of specific risks on reputation.
Anticipates the consequences of different potential risk events.
Determines the impact of specific risks on marketplace.
Recognizes the potential financial impact of specific risks.
Determines the impact of specific risks on finances.
Seeks to capitalize on risks.
Determines if the level of risk is tolerable.
Recognizes the potential impact of systemic risks.

Design Initiatives

Develops policies for risk management.
Creates a risk profile for projects and teams.
Creates a risk management strategy for the department.
Develops policies to address risk situations in the workplace.
Creates a risk management strategy for the organization.
Determines the proper tools to efficiently manage the risk.
Establishes the context for risk management activities.
Designs risk management activities that support the success of the company.
Aligns risk management activities with existing processes.
Outlines the risk management framework including responsibilities, description of the process, and guidance on evaluating risk criteria and appropriate risk responses.
Designs risk response activities that are proportionate to the level of risk.
Determines a proportional response in relation to the level of risk.
Creates dynamic and responsive enterprise risk management processes.

Manages Risk

Effectively manages risk for the department.
Seeks to maintain the long-term viability of the Company through effective risk management.
Bases decisions on patterns found in fluid/changing information.
Implements strategic risk management in an objective and tactical way.
Accepts risk as needed.
Works effectively to avoid risk.
Views risks as potential opportunities for profit.
Works effectively to mitigate risks.
Works effectively to transfers risk.

Mitigates Risk

Implement strategies to mitigate risks.
Minimizes operational setbacks and delays.
Takes steps to contain the costs of responding to such events.
Increases business resilience.
Ensures all components of risk management are in place.
Minimizes the increase in costs due to global events or supply chain issues.
Uses financial data to mitigate financial risks.
Uses data from the purchasing department to anticipate possible supply chain risks.
Takes steps to reduce the occurrence of the risk events.
Knows how to obtain desired results with minimal losses.
Takes steps to minimize the impact/damage of the risk events.

Controls Risk

Develops appropriate strategies to minimize risks.
Implements changes to reduce the chances of critical incidents in the future.
Aware of appropriate actions to minimize risks.
Recognizes that small changes may snowball into major events.
Establishes good controls over the process to better manage risks.
Adopts a risk-based approach to establishing systems of internal controls.
Ensures that any risky decisions taken are based on informed decision making.
Determines the amount of deviation from the plan that will be tolerated.
Seeks to reduce uncertainty (risks) in the supply chain.

Embraces Risk

Rewards risky ideas that may yield significant benefits.
Turns risks into opportunities.
Seeks to add value to the company by embracing risk.
Adds value to the organization through acceptance of certain risk.
Seeks specific risks that will create opportunities to advance the department/company.
Identifies and mitigates risks while making informed, strategic decisions.
Identifies opportunities that may be created by taking specific risks.
Takes calculated risks by effectively recognizing and managing them.
Turns risks into opportunities for advancement.

Monitors Risk

Tracks risks in a project.
Tracks and monitors incidents that may increase the risk of adverse consequences.
Monitors the effectiveness of risk management strategies.
Performs monthly risk management assessments.
Monitors risk events and notifies appropriate stakeholders.
Conducts regular audit of the risk management framework.
Monitors enterprise risk management activities for their impact and effectiveness on mitigating risks.
Uses actionable data and analytics to improve risk tolerance.

Risk Response

Effectively responds to critical situations to reduce potential for losses.
Responds appropriately to unexplained or unanticipated events.
Able to adapt quickly to changing situations.
Avoids maintaining the status quo (or standard operating procedures) when addressing new and influential situations.
Identifies the controls needed.
Creates a level of resilience in the organization.
Create contingency plans.
Reduces risk to a manageable level.
Create continuity plans.
Decides what actions will be taken.

Responsibilities

Seeks to increase safety in the workplace.
Is concerned about process safety management.
Uses risk data to generate insights and drive strategic decisions.
Integrates risk management processes, data, and analytics across the company.
Is responsible for regulatory, strategic, operational and project risk management.

Supports the Process

Committed to implementing rules and procedures to minimize risk.
Improves process safety where possible.
Integrates risk management into strategic decision making.
Ensures employees are aware of potential impacts by increasing risk visibility.
Provides support to managers involved in the risk management process.
Works within constraints of the organization.

Risk Communication

Maintains open communication with other departments.
Communicates the protocols.
Presents regular/monthly reports to the audit committee.
Establish roles, responsibilities, procedures.
Fosters an awareness and a shared responsibility for managing risk at all levels of the Company.
Promotes risk management competence throughout the organization.

Training

Creates informative guides regarding potential risks and risky behaviors.
Is knowledgeable of standard risk management principles.
Offers training to reduce safety incidents in the workplace.
Attends risk management seminars and conferences.

Employee Opinion Survey Items

Employees that have a strong Risk Management skills help the organization avoid critical events and recover quickly from setbacks.

Evaluates Risk

Our department effectively uses risk management information.
My supervisor uses risk management to remain in compliance with regulations.
My supervisor uses risk management to be more effective in identifying and implementing projects.
My supervisor uses risk management to make better strategic decisions.
My manager evaluates risks in terms of their consequences and likelihood of occurrence.
Senior leadership evaluates the impact of certain events on the attainment of corporate objectives.
I understand how to evaluate the probability of a risk event occurrence.
Senior leadership of the company is effective in determining an acceptable level of risk tolerance for the company.

Risk Analysis

I am able to evaluate risks against acceptable risk levels.
The company's Internal Audit Department regularly conducts internal audits of risk assessments.
I am able to prioritize the risks facing the department to determine the most pressing needs.
My manager determines which are the serious threats.
I am able to quantify current business practices to make better informed decisions.
My manager uses Monte Carlo Risk Simulations and decision analytics to create the best possible strategic decisions.
Our department performs a risk analysis as needed.
My manager effectively prioritizes risks to act on critical issues first.
Our department regularly performs a risk analyses to minimize adverse outcomes.
Senior leadership prioritizes risks based on probability of occurrence and possible impact to the company.

Risk Awareness

I can identify the most significant risks from business operations.
I have the knowledge and skills to accurately identify risks in the workplace.
Supervisors correctly perceive the risks of different work tasks and activities.
My manager accurately perceives potential risks in the workplace.
Senior Leaders understand that risk may represent a threat or an opportunity.
My manager understands how to meet regulatory compliance.
I am aware of process safety management.
My manager accurately perceives potential risks in the workplace and initiates preventative measures.
I am aware of the financial implications of certain risks.
My manager understands the possible financial risks of different events.

Determines the Consequences

Leadership recognizes the potential impact of systemic risks.
My manager accurately determines appropriate risk levels (i.e., levels of acceptable risk).
My manager seeks to capitalize on risks.
Supervisors are effective in determining the potential outcome of adverse risk events.
My manager looks for opportunities to turn a risk event into an advantage for the company.
Senior leaders determine the impact of specific risks on finances.
Our department effectively anticipates the consequences of different potential risk events.
My manager determines if the level of risk is tolerable.

Design Initiatives

My manager develops policies to address risk situations in the workplace.
My supervisor determines the proper tools to efficiently manage the risk.
Supervisor are able to determine a proportional response in relation to the level of risk.
The project leader creates a risk profile for projects and teams.
The Supervisor designs risk response activities that are proportionate to the level of risk.
Managers align risk management activities with existing processes.
Senior leadership creates a risk management strategy for the organization.
Senior leadership creates dynamic and responsive enterprise risk management processes.
Our department develops policies for risk management.
Our department effectively outlines the risk management framework including responsibilities, description of the process, and guidance on evaluating risk criteria and appropriate risk responses.
Our department designs risk management activities that support the success of the company.

Manages Risk

I am willing to accept risk as needed.
My manager works effectively to mitigate risks.
My manager works effectively to avoid risk.
Project managers effectively manage risk for the department.
My manager implements strategic risk management in an objective and tactical way.
Managers are able to view risks as potential opportunities for profit.
Senior leadership seeks to maintain the long-term viability of the Company through effective risk management.
My manager is effective in basing decisions on patterns found in fluid/changing information.

Mitigates Risk

My manager takes steps to contain the costs of responding to such events.
My manager uses data from the purchasing department to anticipate possible supply chain risks.
My manager implements strategies to mitigate risks.
Supervisors take steps to minimize the impact/damage of the risk events.
Supervisors know how to obtain desired results with minimal losses.
Our department minimizes the increase in costs due to global events or supply chain issues.
Our department ensures all components of risk management are in place.
Managers minimize operational setbacks and delays.
Senior leaders takes steps to reduce the occurence of the risk events.

Controls Risk

Our company adopts a risk-based approach to establishing systems of internal controls.
My manager develops appropriate strategies to minimize risks.
Our department establishes good controls over the process to better manage risks.
My manager ensures that any risky decisions taken are based on informed decision making.
Our department implements changes to reduce the chances of critical incidents in the future.
Our department is aware of appropriate actions to minimize risks.
My manager seeks to reduce uncertainty (risks) in the supply chain.
My supervisor recognizes that small changes may snowball into major events.
Project managers will effectively determine the amount of deviation from the plan that will be tolerated.

Embraces Risk

Our department adds value to the organization through acceptance of certain risk.
Supervisors reward risky ideas that may yield significant benefits.
Managers turn risks into opportunities for advancement.
Our department seeks to add value to the company by embracing risk.
Senior leaders identify opportunities that may be created by taking specific risks.
My manager takes calculated risks by effectively recognizing and managing them.
My manager identifies and mitigates risks while making informed, strategic decisions.
Our department seeks specific risks that will create opportunities to advance the company.

Monitors Risk

Our team tracks and monitors incidents that may increase the risk of adverse consequences.
My manager monitors risk events and notifies appropriate stakeholders.
The project lead effectively tracks risks in the project.
Our department regularly conducts audits of the risk management framework.
Our department monitors enterprise risk management activities for their impact and effectiveness on mitigating risks.
Our department performs monthly risk management assessments.
My team monitors the effectiveness of risk management strategies.

Risk Response

My manager creates a level of resilience in the organization.
Our department avoids maintaining the status quo (or standard operating procedures) when addressing new and influential situations.
My manager is able to adapt quickly to changing situations.
Our department has created contingency plans.
The company responds appropriately to unexplained or unanticipated events.
My manager identifies the controls needed to respond appropriately to risk events.
Senior leadership has created continuity plans.
Supervisors decides what actions will be taken after a critical incident.
Our department reduces risk to a manageable level.
Managers effectively respond to critical situations to reduce potential for losses.

Responsibilities

My supervisor is concerned about process safety management.
Our department helps to integrate risk management processes, data, and analytics across the company.
My manager is responsible for regulatory, strategic, operational and project risk management.
I seek to increase safety in the workplace.
Senior leadership uses risk data to generate insights and drive strategic decisions.

Supports the Process

Supervisors ensure employees are aware of potential impacts by increasing risk visibility.
Our department integrates risk management into strategic decision making.
My supervisor is committed to implementing rules and procedures to minimize risk.
My manager improves process safety where possible.
Senior leadership provides support to managers involved in the risk management process.

Risk Communication

The HR department promotes risk management competence throughout the organization.
My supervisor communicates the safety protocols.
Senior leadership fosters an awareness and a shared responsibility for managing risk at all levels of the Company.
Our department maintains open communication with other departments in regards to risk avoidance and mitigation.
I present regular/monthly reports to the audit committee.
My manager establishes roles, responsibilities, procedures.

Training

I have attended risk management seminars and conferences.
I am knowledgeable of standard risk management principles.
My supervisor offers training to reduce safety incidents in the workplace.
I create informative guides regarding potential risks and risky behaviors.

Self-Assessment Items

Evaluates Risk

You use risk management to remain in compliance with regulations.
I use risk management to ensure smooth operations.
I evaluate the impact of certain events on the attainment of corporate objectives.
I determine how the risk management information is to be used.
I use risk management to be more effective in identifying and implementing projects.
You evaluate risks in terms of their consequences and likelihood of occurrence.
I determine the risk tolerance of the company.
I evaluate the probability of a risk event occurrence.
You use risk management to make better strategic decisions.
I identify what actions the organization is willing to take.

Risk Analysis

You perform a risk analysis as needed.
You perform regular risk analyses to minimize adverse outcomes.
You evaluate risks against acceptable risk levels.
You gather information regarding potential risks.
I quantify current business practices to make better informed decisions.
I determine which are the serious threats.
I prioritize risks based on probability of occurrence and possible impact to the company.
I prioritize risks to act on critical issues first.
You prioritize the risks to determine the most pressing needs.
You use Monte Carlo Risk Simulations and decision analytics to create the best possible strategic decisions.
I conduct internal audit of risk assessments.

Risk Awareness

You are able to perceive the risks of different work tasks and activities.
You have the knowledge and skills to accurately identify risks in the workplace.
You are aware of process safety management.
You accurately perceive potential risks in the workplace.
You accurately perceive potential risks in the workplace and initiates preventative measures.
You are aware of the financial implications of certain risks.
I understand how to meet regulatory compliance.
You understand that risk may represent a threat or an opportunity.
You understand the possible financial risks of different events.
You identify the most significant risks from business operations.

Determines the Consequences

You accurately determine appropriate risk levels (i.e., levels of acceptable risk).
I seek to capitalize on risks.
You determine the impact of specific risks on marketplace.
I recognize the potential impact of systemic risks.
I determine the potential outcome of adverse risk events.
I look for opportunities to turn a risk event into an advantage for the company.
I determine the impact of specific risks on infrastructure.
I determine the impact of specific risks on finances.
I recognize the potential financial impact of specific risks.
You anticipate the consequences of different potential risk events.
I determine if the level of risk is tolerable.
I determine the potential financial impact of specific risks.
I determine the impact of specific risks on reputation.

Design Initiatives

You develop policies to address risk situations in the workplace.
You create a risk management strategy for the department.
You create a risk profile for projects and teams.
You develop policies for risk management.
You create a risk management strategy for the organization.
I establish the context for risk management activities.
I determine the proper tools to efficiently manage the risk.
You align risk management activities with existing processes.
I design risk management activities that support the success of the company.
I outline the risk management framework including responsibilities, description of the process, and guidance on evaluating risk criteria and appropriate risk responses.
I determine a proportional response in relation to the level of risk.
I create dynamic and responsive enterprise risk management processes.
You design risk response activities that are proportionate to the level of risk.

Manages Risk

You seek to maintain the long-term viability of the Company through effective risk management.
You effectively manage risk for the department.
You base decisions on patterns found in fluid/changing information.
I work effectively to avoid risk.
I view risks as potential opportunities for profit.
I implement strategic risk management in an objective and tactical way.
You work effectively to transfer risk.
I accept risks as needed.
I work effectively to mitigate risks.

Mitigates Risk

I minimize the increase in costs due to global events or supply chain issues.
You increase business resilience.
I use financial data to mitigate financial risks.
I minimizes operational setbacks and delays.
I take steps to reduce the occurrence of the risk events.
I implement strategies to mitigate risks.
You use data from the purchasing department to anticipate possible supply chain risks.
You know how to obtain desired results with minimal losses.
I take steps to contain the costs of responding to such events.
I ensure all components of risk management are in place.
You take steps to minimize the impact/damage of the risk events.

Controls Risk

You are aware of appropriate actions to minimize risks.
You implement changes to reduce the chances of critical incidents in the future.
You develop appropriate strategies to minimize risks.
You recognize that small changes may snowball into major events.
I seek to reduce uncertainty (risks) in the supply chain.
You determine the amount of deviation from the plan that will be tolerated.
I adopt a risk-based approach to establishing systems of internal controls.
I ensure that any risky decisions taken are based on informed decision making.
I establish good controls over the process to better manage risks.

Embraces Risk

You reward risky ideas that may yield significant benefits.
I take calculated risks by effectively recognizing and managing them.
I identify opportunities that may be created by taking specific risks.
I seek to add value to the company by embracing risk.
I seek specific risks that will create opportunities to advance the department/company.
I turn risks into opportunities for advancement.
You turn risks into opportunities.
I add value to the organization through acceptance of certain risk.
You identify and mitigate risks while making informed, strategic decisions.

Monitors Risk

You track risks in a project.
You track and monitors incidents that may increase the risk of adverse consequences.
I monitor enterprise risk management activities for their impact and effectiveness on mitigating risks.
I use actionable data and analytics to improve risk tolerance.
I perform monthly risk management assessments.
I monitor risk events and notify appropriate stakeholders.
You monitor the effectiveness of risk management strategies.
I conduct regular audits of the risk management framework.

Risk Response

You respond appropriately to unexplained or unanticipated events.
You are able to adapt quickly to changing situations.
You effectively respond to critical situations to reduce potential for losses.
You avoid maintaining the status quo (or standard operating procedures) when addressing new and influential situations.
You create contingency plans.
I create continuity plans.
I decide what actions will be taken.
I create a level of resilience in the organization.
You reduce risk to a manageable level.
I identify the controls needed.

Responsibilities

You are concerned about process safety management.
You seek to increase safety in the workplace.
You integrate risk management processes, data, and analytics across the company.
I am responsible for regulatory, strategic, operational and project risk management.
I use risk data to generate insights and drive strategic decisions.

Supports the Process

You improve process safety where possible.
You are committed to implementing rules and procedures to minimize risk.
You integrate risk management into strategic decision making.
I ensure employees are aware of potential impacts by increasing risk visibility.
You work within constraints of the organization.
I provide support to managers involved in the risk management process.

Risk Communication

You maintain open communication with other departments.
I promote risk management competence throughout the organization.
I foster an awareness and a shared responsibility for managing risk at all levels of the Company.
You present regular/monthly reports to the audit committee.
I establish roles, responsibilities, procedures.
You communicate the protocols.

Training

You create informative guides regarding potential risks and risky behaviors.
You are knowledgeable of standard risk management principles.
You offer training to reduce safety incidents in the workplace.
You attend risk management seminars and conferences.

Job Interview Questions

These questions will help you pinpoint candidates with strong risk management skills - individuals who can minimize exposure to risks and expedite recovery from critical incidents.

Evaluates Risk

How would you use risk management to ensure smooth operations?
Describe how you would use risk management to make better strategic decisions.
Explain how you would evaluate the impact of certain events on the attainment of corporate objectives.
How would you identify what actions the organization is willing to take?
How would you set or determine the risk tolerance of the company?
How do you use risk management to be more effective in identifying and implementing projects?
Explain how you would use risk management to remain in compliance with regulations.
Can you give an example of how the risk management information is used?
Explain how you would evaluate the probability of a risk event occurrence.
Risks have consequences and likelihoods of occurrence. How do you assess risks considering these factors?

Risk Analysis

How do you use Monte Carlo Risk Simulations and decision analytics to create the best possible strategic decisions?
How do you prioritize risks to act on critical issues first?
Do you prioritize risks based on probability of occurrence and possible impact to the company?
Have you gathered information regarding potential risks?
How would you conduct an internal audit of risk assessments?
Describe how you would quantify current business practices to make better informed decisions?
Explain how you would prioritize the risks to determine the most pressing needs?
How did you evaluate risks against acceptable risk levels?
Have you previously performed a risk analysis?
In your previous position, did you determine which were the serious threats?
Do you perform regular risk analyses to minimize adverse outcomes?

Risk Awareness

Explain how you would accurately perceive potential risks in the workplace and initiates preventative measures.
In auditing the work of another department, describe how you perceive the risks of different work tasks and activities?
How would you identify the most significant risks from business operations?
Can risks represent a threat or an opportunity? Explain.
How do you accurately perceive potential risks in the workplace?
Are you aware of the financial implications of certain risks?
Are you aware of process safety management?
Explain how you would work to meet regulatory compliance.
Do you have the knowledge and skills to accurately identify risks in the workplace? Explain.
Do you understand the possible financial risks of different risk events? Explain.

Determines the Consequences

How do you anticipate the consequences of different potential risk events?
Have you recognized the potential impact of systemic risks? Explain.
How do you seek to capitalize on risks?
Have you looked for opportunities to turn a risk event into an advantage for the company? Explain.
Explain how you would determine if the level of risk is tolerable.
Have you recognized the potential financial impact of specific risks?
Can you determine the impact of specific risks on infrastructure? Explain.
Give an example of how you would determine the impact of specific risks on finances?
Can you determine the impact of specific risks on marketplace? Explain.
How would you accurately determine appropriate risk levels (i.e., levels of acceptable risk)?
How would you determine the potential outcome of adverse risk events?
How would you determine the impact of specific risks on reputation?

Design Initiatives

Describe how you would create a dynamic and responsive enterprise risk management processes.
How would you determine a proportional response in relation to the level of risk?
How would you align risk management activities with existing processes?
Have you developed policies to address risk situations in the workplace?
How would you create a risk management strategy for the organization?
Have you designed risk management activities that supported the success of the company? Explain.
Have you designed risk response activities that were proportionate to the level of risk? Explain.
How would you establish the context for risk management activities?
Have you developed policies for risk management?
How do you determines the proper tools to efficiently manage the risk?
Explain how you would create a risk profile for projects and teams.
How do you create a risk management strategy for the department?

Manages Risk

How do you implement strategic risk management in an objective and tactical way?
Did you ever effectively transfer risk? (Insurance, Outsourcing)
Have you worked effectively to avoid risk?
Explain how you would seek to maintain the long-term viability of the Company through effective risk management.
How would you base decisions on patterns found in fluid/changing information?
Have you had a chance to effectively mitigate risks?
How do you effectively manage risk for the department?
How would you encourage employees to accept risks as needed?
Explain how risks could be viewed as potential opportunities for profit.

Mitigates Risk

How do you take steps to contain the costs of responding to such events?
Have you used financial data to mitigate financial risks?
Explain how risk management increases business resilience.
How do you ensure all components of risk management are in place?
How do you minimize the increase in costs due to global events or supply chain issues?
Do you take steps to minimize the impact/damage of the risk events?
How would you implement strategies to mitigate risks?
Have you taken steps to reduce the occurrence of the risk events?
How do you minimize operational setbacks and delays?
Do you use data from the purchasing department to anticipate possible supply chain risks?
Do you know how to obtain desired results with minimal losses? Explain.

Controls Risk

Are you aware of appropriate actions to minimize risks?
How would you develop appropriate strategies to minimize risks?
How can you ensure that any risky decisions taken are based on informed decision making?
Explain how you would establish controls over the process to better manage risks.
Have you sought to reduce uncertainty (risks) in the supply chain?
Explain how you would help subordinates to recognize that small changes may snowball into major events?
How would you adopts a risk-based approach to establishing systems of internal controls?
Can you determine the amount of deviation from the plan that will be tolerated?
How would you implement changes to reduce the chances of critical incidents in the future?

Embraces Risk

Do you take calculated risks by effectively recognizing and managing them?
Can you turns risks into opportunities for advancement?
How would you reward risky ideas that might yield significant benefits?
How would you turn risks into opportunities?
How would you identify opportunities that may be created by taking specific risks?
Can you identify and mitigate risks while making informed, strategic decisions? Explain.
How would you seek specific risks that will create opportunities to advance the department/company?
Explain how you could seek to add value to the company by embracing risk.
How do you add value to the organization through acceptance of certain risk?

Monitors Risk

Describe how you would use actionable data and analytics to improve risk tolerance?
Do you conduct regular audit of the risk management framework?
How would you track risks in a project?
How do you monitor the effectiveness of risk management strategies?
Explain how you would track and monitor incidents that may increase the risk of adverse consequences.
Do you monitor enterprise risk management activities for their impact and effectiveness on mitigating risks?
How do you monitor risk events and notify appropriate stakeholders?
Do you perform monthly risk management assessments?

Risk Response

How do you effectively respond to critical situations to reduce potential for losses?
How do you reduce risk to a more manageable level?
How would you create continuity plans?
How would you identify the controls needed?
Explain how you would decide what actions will be taken.
How would you create contingency plans?
Can you create a level of resilience in the organization through risk management?
How do you avoid maintaining the status quo (or standard operating procedures) when addressing new and influential situations?
How do you respond appropriately to unexplained or unanticipated events?
Are you able to adapt quickly to changing situations?

Responsibilities

Are you concerned about process safety management?
How have you sought to increase safety in the workplace?
Explain how you would integrate risk management processes, data, and analytics across the company.
Were you responsible for regulatory, strategic, operational and project risk management in your former position?
Have you used risk data to generate insights and drive strategic decisions?

Supports the Process

Are you committed to implementing rules and procedures to minimize risk? Give examples.
Do you improve process safety where possible? Give examples.
Have you ever had to work within constraints of the organization to provide adequate risk management?
How do you provide support to managers involved in the risk management process?
Have you integrated risk management into strategic decision making?
How can you ensure employees are aware of potential impacts by increasing risk visibility?

Risk Communication

Have you promoted risk management competence throughout the organization?
How would you fosters an awareness and a shared responsibility for managing risk at all levels of the Company?
How would you communicate the safety protocols?
How do you establish roles, responsibilities, procedures in risk management?
Have you presented regular/monthly reports to the audit committee?

Training

Did you create informative guides regarding potential risks and risky behaviors?
Are you knowledgeable of our standard risk management principles?
Have you attended risk management seminars and conferences?
Have you offered training to reduce safety incidents in the workplace?