You're preparing for a Financial Management interview. How do you show your experience with risk management?

1 Explain risk concepts

One of the first things you need to do is to explain the basic concepts of risk management, such as risk appetite, risk tolerance, risk exposure, risk identification, risk assessment, risk response, and risk monitoring. You should also be familiar with the different types of risks, such as market risk, credit risk, operational risk, liquidity risk, and strategic risk. You should be able to give examples of how these risks affect financial decisions and outcomes, and how they can be measured and managed using appropriate tools and techniques.

3 Highlight risk achievements

A third way to show your experience with risk management is to highlight some of the achievements or outcomes that you have delivered or contributed to in relation to risk management. You should be able to quantify and qualify the impact and benefits of your risk management actions or initiatives, such as reducing costs, increasing revenues, improving efficiency, enhancing compliance, or strengthening resilience. You should also showcase any recognition or awards that you have received or given for your risk management performance or excellence.

4 Demonstrate risk skills

A fourth way to show your experience with risk management is to demonstrate some of the skills or competencies that are essential for effective risk management. These include analytical skills, problem-solving skills, communication skills, decision-making skills, and leadership skills. You should be able to provide examples of how you have applied these skills in different risk situations or scenarios, and how you have improved or developed these skills over time. You should also be able to show your willingness and ability to learn new skills or update your knowledge on risk management trends and best practices.