Risk Assessment

Key Points:

  • If you like learning the ‘ins and outs’ of how a business works, working with management and identifying and analysing market trends, then working in risk assessment could be a great fit for you.
  • Core skills required include analytical skills with a very strong attention to detail, a questioning nature and critical thinking.

Risk assessors work with businesses to assess and identify the potential risks that may hinder the reputation, safety, security and finances of the organisation. Once these have been identified, assessed and evaluated risk assessors suggest possible solutions to avoid or how to prepare to deal with any threats. They also help businesses capitalise on opportunities.

Risk assessors are analytical with a very strong attention to detail and understand a business's core objectives, legal responsibilities, outgoings and environmental policies.

The kind of situations risk advisors review could include insurance, health and safety policies, disaster recovery measures and business continuity plans. Once these have been put in place they will be consistently reviewed with additional audits and assessments to ensure they are still best practice and relevant to the business.

James Leach CA"If you enjoy getting in front of people and talking to them, getting a strong understanding of how the business works and the options it could pursue to improve then risk is the right place. All those that have a creative mind and what to get involved with advances in technology definitely risk is the space."
James Leach CA, Manager, Risk Advisory Team, Deloitte Australia.

Why risk assessment could be the right fit for you

Risk assessors often work closely with executive boards and senior management to provide advice and present ideas based on the analysis of documents, statistics, reports and market trends. A career as a risk assessor could be right for you if you are interested in how a business works, problem solving, working with senior managers and identifying market trends to help businesses flourish.

Who can you work for?

A career in risk management means you can decide if you would like to consult on risk or work in-house across a range of types of risk for example; operational, financial, compliance or security just to name a few.

Key skills:

  • Communication
  • Numerical
  • Questioning nature
  • Detail focused
  • Innovation
  • Relationship management
  • Presentation
  • Logic
  • Confidence
  • Critical thinking