risk management

Definition

The process of analyzing exposure to risk and determining how to best handle such exposure.

Use risk management in a sentence

It is advisable to consult a professional financial advisor when it comes to risk management, to ensure that the risks of an investment are properly accessed.

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After everything this company has gone through in the past year, I feel like out best option is to hire a Public Relations firm to come in and carry out risk management.

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My company decided to sell off mortgage bonds it had bought before the economy collapsed because the new CEO came from a background of risk management and he did not like how dangerous those products seemed to be.

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credit risk certification Casualty Actuarial Society (CAS)