risk management

noun

1. the technique or profession of assessing, minimizing, and preventing accidental loss to a business, as through the use of insurance, safety measures, etc.

Other Word Forms

• risk manager noun

Word History and Origins

Origin of risk management¹

First recorded in 1960–65

Example Sentences

The bank’s systems for risk management, compliance and internal directives had considerable defects at the time, the office said.

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But sometimes that meant his aides had the job of risk management, having to explain statements that appeared to be a departure from what the Pope had previously said or a diplomatic faux pas.

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The central bank trimmed rates twice since September as a “risk management” move to prevent a sharper rise in unemployment.

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A shareholder of DBS’s scale and operational expertise could enhance Alliance’s competitiveness in franchise depth, product innovation, digital transformation and risk management, she adds.

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At least one battalion chief assigned to the LAFD’s risk management section has known for months that crews had complained about hot spots after the Lachman fire.

Read more on Los Angeles Times