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Risk Management test to hire the best talent

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Risk Management test

Type: Role specific skills

Time: 10 min

Languages: English

Level: Intermediate

Summary of the Risk Management test

This Risk Management test evaluates a candidate’s ability to identify, assess, and mitigate business risks. This screening test will help you hire experts who can enhance decision-making and ensure continuous improvement and organizational resilience.

Covered skills

Establishing risk management function and risk identification
Risk assessment
Risk treatment, reporting, and review

Use the Risk Management test to hire

Risk owners, risk oversight bodies, professional accountants, auditors, risk managers, compliance officers, operational risk analysts, business continuity planners, risk assessment specialists, corporate risk consultants, risk and compliance coordinators.

Preview questions

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About the Risk Management test

Hiring a candidate with strong risk management skills will significantly benefit your business. They will identify and manage risks adeptly, leading to improved decision-making and a more resilient business structure.

Their proficiency in establishing risk management functions, understanding organizational context, and effectively allocating resources is invaluable.

The Risk Management test assesses candidates' abilities in identifying and evaluating risks, including root cause analysis and risk level determination.

It also evaluates their proficiency in risk analysis techniques, prioritization, treatment planning, and assessing residual risk, along with implementing key risk indicators.

Screening for professionals with these skills will enhance your business by effectively managing risks and ensuring compliance. Successful candidates will contribute to proactive risk management, fostering a culture of continuous improvement and business resilience.

photo of the SME for this test

This test is made by a subject-matter expert

Abdul G.

Abdul currently works on complex risk management policies as a senior risk management officer. He is also a chartered accountant, spending 15 years as a manager in a range of businesses, large and small. Abdul holds an MBA, and has significant consulting experience across business sectors, including oil and gas, pharmaceuticals, food, and education. He has also worked as a university lecturer in accounting, finance, and tax-related subjects.

Crafted with expert knowledge

TestGorilla’s tests are created by subject matter experts. We assess potential subject-matter experts based on their knowledge, ability, and reputation. Before being published, each test is peer-reviewed by another expert, and then calibrated using hundreds of test takers with relevant experience in the subject. Our feedback mechanisms and unique algorithms allow our subject-matter experts to constantly improve their tests.

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The Risk Management test will be included in a PDF report along with the other tests from your assessment. You can easily download and share this report with colleagues and candidates.

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FAQs

An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now."

Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.

An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now."

Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.

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