When answering this question, focus on a specific instance where you identified a financial risk in your previous role. Explain the context, the risk identified, the analysis you performed, and the actions you took to mitigate the risk. Highlight the outcome and any lessons learned. For example:
"In my previous role at XYZ Corp, I noticed a significant discrepancy in the projected cash flow for the upcoming quarter. Upon further analysis, I identified that a major client was delaying payments, which posed a risk to our liquidity. I immediately brought this to the attention of senior management and proposed a revised payment schedule for the client. Additionally, I recommended diversifying our client base to reduce dependency on a few major clients. As a result, we were able to maintain our cash flow and avoid any financial shortfall."
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