Recruiter's Glossary

Examples: KRI • Heat Map • Risk Register

Risk Governance

Term from Risk Management industry explained for recruiters

Risk Governance is a structured way organizations manage and oversee potential problems or threats to their business. Think of it as a company's rule book and chain of command for handling risks. It establishes who makes decisions about risk, how risks are identified and managed, and what rules everyone needs to follow. This helps companies avoid problems before they happen and handle them better when they do occur. It's similar to having a safety system in place, but for business risks instead of physical safety. When people mention "Risk Management Framework" or "Risk Oversight," they're often talking about the same thing.

Examples in Resumes

Led implementation of Risk Governance framework across multiple business units

Developed and maintained Risk Governance policies for a global financial institution

Chaired Risk Governance committee responsible for oversight of operational risks

Updated Risk Governance and Risk Oversight procedures to meet new regulatory requirements

Typical job title: "Risk Governance Managers"

Also try searching for:

Risk Manager Risk Management Director Risk Governance Officer Risk Oversight Manager Risk Control Manager Enterprise Risk Manager Risk and Compliance Manager

Where to Find Risk Governance Managers

Professional Associations

Online Communities

• Risk Management LinkedIn Groups
• Reddit r/riskmanagement

Job Boards

Example Interview Questions

Senior Level Questions

Q: How would you establish a risk governance framework in an organization that currently has none?

Expected Answer: A senior professional should discuss creating a structured approach starting with getting leadership buy-in, establishing risk committees, defining roles and responsibilities, creating policies, and implementing reporting structures. They should emphasize the importance of company culture and training.

Q: How do you handle conflicts between business growth objectives and risk management requirements?

Expected Answer: Should demonstrate ability to balance business opportunities with risk control, explain how to present risk-reward scenarios to stakeholders, and show experience in finding practical compromises while maintaining proper risk oversight.

Mid Level Questions

Q: What key components should be included in risk reporting to senior management?

Expected Answer: Should mention important elements like risk metrics, trend analysis, major incidents, emerging risks, and regulatory issues. Should demonstrate ability to present complex information in a clear, actionable format.

Q: How do you ensure risk policies are actually being followed across an organization?

Expected Answer: Should discuss monitoring processes, regular audits, training programs, creating clear procedures, and establishing accountability measures.

Junior Level Questions

Q: What is the purpose of a risk register and what information should it contain?

Expected Answer: Should explain that a risk register is a tool for tracking and monitoring risks, containing information about risk descriptions, potential impacts, likelihood, mitigation measures, and owners.

Q: How do you identify potential risks in a business process?

Expected Answer: Should demonstrate understanding of basic risk assessment techniques, including process review, stakeholder interviews, and using existing frameworks or checklists.