risk management

American  

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.

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Other Word Forms

• risk manager noun

Etymology

Origin of risk management

First recorded in 1960–65

Example Sentences

The memo advised those seeking further clarity to contact the department’s risk management and legal affairs division.

From Los Angeles Times

“As CIO, I need to lead AI adoption internally, while also ensuring we have ethical and risk management considerations addressed … not only providing the capability, but the vision for how it can be used.”

From The Wall Street Journal

The bank came under scrutiny in the U.S. and Europe amid a scandal related to alleged money-laundering that hit its Estonian branch and led financial regulators to launch probes into its risk management and controls.

From The Wall Street Journal

The Times reviewed text messages among firefighters and a third party, sent in the weeks and months after the fire, describing the crew’s concerns, and reported that at least one battalion chief assigned to the LAFD’s risk management section knew about them for months.

From Los Angeles Times

Regulators lifted restrictions on Wells Fargo’s growth in June, after the bank addressed various operational problems and addressed regulators’ concerns about risk management and corporate governance.

From MarketWatch