Risk management interview questions: Tips on answering 'What is the biggest risk you've taken?' | Career Tips

Some risk management interview questions can be very direct in their presentation, but they are actually set up to give you a chance to show off a wide range of your skills. As an insurance and risk assessment professional, you have taken risks in your career and in your personal life that reaped rewards. When a hiring manager asks you about the biggest risk you have taken, both your personal and professional life are fair game.

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Choose A Risk That Makes For A Good Story

Risk management interview questions tend to probe deep into your background and your experience to see what you have learned throughout your career.

When it comes to entertaining risk management interview questions, the question asking you for your biggest risk is difficult to beat.

The risk you choose can be personal, but you need to have used your professional risk management skills to come up with your solution. Whatever risk you choose, be sure that it is a risk that you learned from and it is something that the hiring manager will be able to identify as a significant event in a risk manager's life.

Keep The Details To A Minimum

The question about your biggest risk is one of those risk management interview questions that has an answer which requires some set-up to be understood completely. You need to outline the risk, explain how you assessed the risk and then talk about how you solved the situation.

Risk managers are able to identify several levels of risk in a brief moment and that is more than likely what happened when you were evaluating the biggest risk of your career or life.

But it is best, for the sake of convenience, to keep the details to a minimum and just give the hiring manager the information they need to appreciate your solution.

Have A Happy Ending

Your greatest risk should end with a positive result that occurred due to your experience and hard work. You always learn something when facing a pivotal moment in your life or career, so be sure to include the lesson you learned when talking about the greatest risk you took.

Another important part of your happy ending is the manner in which you utilized the resources around you. Explain how if it were not for the people you were with or the technology you were provided, you would have had a very different outcome.

Risk management interview questions tend to ask about extremes, which is why this sort of question is so common. LiveCareer has all of the resources and information you need to put together the best possible answers to these types of important interview questions. With its database of resume and cover letter templates and samples , along with its availability of critical interview advice, LiveCareer is the only resource you will need to find your next risk management job.