QUESTIONS OF RISK MANAGEMENT

GROUP 2
1. What Are The Company’s Top Risks, How Severe Is Their Impact And How Likely Are They
To Occur?
2. How Often Does The Company Refresh Its Assessment Of The Top Risks?
3. Who Owns The Top Risks And Is Accountable For Results, And To Whom Do They Report?
4. How Effective Is The Company In Managing Its Top Risks?
5. Are There Any Organizational “blind Spots” Warranting Attention?
6. Does The Company Understand The Key Assumptions Underlying Its Strategy And Align Its
Competitive Intelligence Process To Monitor External Factors For Changes That Could
Alter Those Assumptions?
7. Does The Company Articulate Its Risk Appetite And Define Risk Tolerances For Use In
Managing The Business?
8. Does The Company’s Risk Reporting Provide Management And The Board Information
They Need About The Top Risks And How They Are Managed?
9. Is The Company Prepared To Respond To Extreme Events?
10. Does The Board Have The Requisite Skill Set To Provide Effective Risk Oversight?
11. Who Is Responsible For The Enterprise Risk Management Or Risk Management Process?
12. What Are The Most Significant Risks To The Strategy, And What Is Being Done To Address
These?
13. Is There A Single Risk Register That Collates All Significant Risks (strategic And Non-
strategic), With Action Plans To Mitigate Them?
14. What Are The Top 10 Risks Overall?
15. Do Individual Performance Plans Include Risk Management?
16. Who Is Responsible For Information Technology Security?
17. Do All Employees Get Some Information And Training On Identifying And Reporting A
Risk? Is There A Risk Reporting “hot-line”?
18. Have Correlated Risks Been Looked For, And What Are They?
19.  Are A Business Continuity Plan And Disaster Recovery Plan In Place?
20. What Risks Are Being Transferred By Insurance Versus What Is Being Mitigated Internally,
And What Is The Quality Of The Insurer?
21. How do interest rate risk and reinvestment risk interact?
22. What are the risks inherent in an interest rate swap?
23. What’s the maximum potential loss you could incur by selling a put on a stock?
24.  What is reinvestment risk?
25. What is interest rate risk?
26. How Can You Perform Risk Identification?
27. : Explain the processes involved in risk identification
28. Briefly Explain The Process Of Risk Management

29. As A Risk Manager, How Can You Ensure Monitoring And Control Of Risks?

30. How Can You Communicate Risks Effectively To Stakeholders?

31. Explain The Meaning Of Risk Breakdown Structure?

32. What Are The Types Of Project Risks?

33. What Is Risk Probability And Risk Impact?

34. Who Performs A Risk Assessment?

35. Describe The Daily Routine Of Risk Managers?

36. What Qualities Should Risk Managers Possess To Perform Their Roles
Effectively?

37. How Is A Risk Workshop Conducted?

38. Who Is Usually Assigned The Role Of Risk Owner?

39. What Great Accomplishment Have You Attained As A Risk Manager?

40.  As A Risk Manager, How Can You Plan Appropriately For A Risk Mitigation
Strategy?

41.  In What Ways Can You Enhance Our Risk Management Process?

42. How Can You Reduce The Risk Of Making Errors At Work?

43. Which Part Of The Risk Management Job Do You Consider Very Challenging?

44. Give A Major Challenge You Have Faced In Risk Management? How Did You Deal
With It?

45. What Is The Difference Between A Risk Assessment And A Method Statement?
46. During Which Stage Of Risk Planning Are Risks Prioritized Based On Probability And
Impact?
47. What Is Risk Breakdown Structure?
48. Is Risk Assessment A Legal Requirement?
49. What Are Significant Risks?
50. What Is A Hierarchy Of Control?