When answering this question, focus on a specific instance where you encountered an unexpected risk. Describe the context and the nature of the risk. Explain the steps you took to assess the situation, the strategies you developed to mitigate the risk, and the outcome of your actions. Highlight your analytical skills, decision-making process, and ability to remain calm under pressure. For example:
"In my previous role, we faced an unexpected regulatory change that could have significantly impacted our operations. I quickly assembled a cross-functional team to assess the implications of the new regulation. We conducted a thorough risk assessment and developed a compliance strategy that included updating our processes and training staff on the new requirements. As a result, we were able to comply with the new regulation without any disruptions to our business."
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