Recruiter's Glossary

Examples: Disaster Recovery • Risk Committee • Basel Framework

Risk Committee

Term from Risk Management industry explained for recruiters

A Risk Committee is a group of senior professionals within an organization who meet regularly to oversee and guide how the company handles potential problems and threats. Think of it as a safety team that watches out for anything that could harm the company's success, whether it's financial risks, cyber threats, or business challenges. These committees are especially common in banks, insurance companies, and large corporations. They help make sure the company follows rules, spots potential problems early, and has plans ready to handle difficult situations.

Examples in Resumes

Served as Secretary for the Risk Committee, coordinating monthly meetings and maintaining documentation

Led the Risk Committee in developing new cybersecurity protocols

Member of Risk Committee responsible for quarterly risk assessment reviews

Presented monthly updates to the Risk & Compliance Committee on emerging market threats

Participated in Board Risk Committee meetings to evaluate operational risks

Typical job title: "Risk Committee Members"

Also try searching for:

Risk Committee Secretary Risk Committee Chair Risk Management Director Chief Risk Officer Risk Committee Coordinator Risk Governance Officer Risk Committee Liaison

Where to Find Risk Committee Members

Professional Associations

Online Networks

Industry Resources

Example Interview Questions

Senior Level Questions

Q: How would you structure a risk committee to ensure effective oversight of both current and emerging risks?

Expected Answer: Should discuss committee composition (diverse expertise), meeting frequency, reporting structures, and how to balance different risk types (operational, financial, strategic). Should mention stakeholder communication and regulatory compliance.

Q: How do you ensure a risk committee's decisions are effectively implemented across an organization?

Expected Answer: Should explain communication channels, action tracking systems, responsibility assignment, and methods for monitoring implementation progress. Should mention the importance of clear documentation and follow-up procedures.

Mid Level Questions

Q: What key elements should be included in a risk committee meeting agenda?

Expected Answer: Should mention review of previous actions, risk metrics discussion, emerging risk analysis, policy reviews, and regulatory updates. Should discuss the importance of structured reporting and documentation.

Q: How do you prepare risk reports for committee review?

Expected Answer: Should explain data collection, risk assessment methods, presenting information clearly for non-technical audience, and including both detailed analysis and executive summaries.

Junior Level Questions

Q: What is the main purpose of a risk committee?

Expected Answer: Should explain that risk committees oversee company risks, ensure proper risk management practices, and help protect the organization from various threats and challenges.

Q: What are the basic documents needed for risk committee meetings?

Expected Answer: Should mention meeting agendas, minutes, risk reports, action logs, and policy documents. Should understand basic meeting administration and documentation requirements.