How to answer this Behavioural interview question about Operational Risk for Mid-Level Risk Manager?

Can you describe a time when you successfully mitigated a major operational risk in your previous role?

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Risk Manager

Behavioural

Asked at

HSBC

Difficulty :

Medium

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A popular meme image featuring the Marvel character Thanos with the caption “A small price to pay for salvation,” commonly used to humorously express acceptance of a minor sacrifice for a greater benefit.

Explanation

This question assesses your ability to identify and mitigate operational risks effectively. Recruiters evaluate your problem-solving skills, decision-making, and implementation of risk mitigation strategies. Common pitfalls include failing to describe the specific risk or not addressing the outcomes. A strong answer includes a detailed scenario, your actions, and measurable results. Preparation involves reflecting on past experiences and identifying key success factors.

A popular meme image featuring the Marvel character Thanos with the caption “A small price to pay for salvation,” commonly used to humorously express acceptance of a minor sacrifice for a greater benefit.

Answer Example

In my previous role, I identified a significant risk in a manual reconciliation process that caused frequent delays and errors. I implemented an automated system that reduced reconciliation time by 40% and error rates by 30%. This approach not only mitigated the risk but also improved overall efficiency.

How it works?

Designed to be stress-free.

A popular meme image featuring the Marvel character Thanos with the caption “A small price to pay for salvation,” commonly used to humorously express acceptance of a minor sacrifice for a greater benefit.

Step 1:
Upload Resume

Start with your current resume, or create one from scratch with our AI resume builder.

A popular meme image featuring the Marvel character Thanos with the caption “A small price to pay for salvation,” commonly used to humorously express acceptance of a minor sacrifice for a greater benefit.

Step 2:
Paste Job Description

Upload the job description, and our AI will tailor your resume to match the job’s key skills and qualifications.

A popular meme image featuring the Marvel character Thanos with the caption “A small price to pay for salvation,” commonly used to humorously express acceptance of a minor sacrifice for a greater benefit.

Step 3:
Download and Apply

Your ATS-friendly resume and application will be ready in seconds. Now apply with confidence!

That's it! Give it a go!
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