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Risk Management

Knowledge of processes, tools and techniques for assessing and controlling an organization’s exposure to risks of various kinds; ability to apply this knowledge appropriately to diverse situations.

Behavior Statements

Proficiency Level 1 - Basic understanding

Identifies major categories of business risks.

Describes potential consequences associated with specific examples of business risks.

Describes key issues and benefits of risk management practices.

Makes use of organizational resources for risk avoidance and management.

Proficiency Level 2 - Working experience

Implements or manages risk management for own area.

Documents the key steps of a unit-specific risk management process and associated procedures.

Identifies common technology, security, or financial risks relevant to own function or unit.

Evaluates risk assessment models and techniques relevant to a specific line of business.

Produces and interprets common risk assessment and management reports.

Proficiency Level 3 - Extensive experience

Implements function-wide risk management processes and tools.

Relates risk assessment models and analysis tools and processes to own business.

Measures key benefits and drawbacks for specific risk management practices.

Establishes key business-specific risk management benchmarks.

Designs cross-functional risk management processes, tools, and audit mechanisms.

Debates the pros and cons of various risk management models.

Proficiency Level 4 - Subject matter depth and breadth

Leads the implementation of enterprise-wide risk management programs.

Consults on matching risks and risk management tools, processes and benchmarks.

Monitors industry and marketplace experience for developments and best practices re risk.

Explores Internet and e-commerce considerations and their effect on current business risks.

Leads discussions on geographical, technological, and social issues associated with risk management.

Elaborates on specific high risk threats and potential impact on the organization.

Interview Questions

  • How would you implement risk management within your business unit?
  • Describe a few effective and ineffective risk management practices you have had experience with in the past.
  • Tell me about a time you were involved in a business risk. What was the outcome?

Titles with Shared Competencies