Can you provide an example of a time when you successfully mitigated a significant risk?

Your Answer

How To Answer This Question?

When answering this question, focus on a specific instance where you identified a significant risk and took steps to mitigate it. Use the STAR (Situation, Task, Action, Result) method to structure your response:

1. Situation: Describe the context and the risk involved.
2. Task: Explain your role and what needed to be done.
3. Action: Detail the steps you took to mitigate the risk.
4. Result: Share the outcome and how your actions successfully mitigated the risk.

Example:

"In my previous role at XYZ Insurance, we identified a significant risk related to data security. Our customer data was at risk due to outdated encryption methods. As the Risk Manager, I was responsible for addressing this issue. I led a project to upgrade our encryption protocols and implement additional security measures. As a result, we significantly reduced the risk of data breaches and passed subsequent security audits with flying colors."