The document discusses business risk and is intended to inform college students considering careers in risk management. It outlines different types of business risk like security, financial, IT, and strategic risks. The document also discusses the risk cycle and common questions asked about risk management. Finally, it discusses how mitigating risk can enhance an organization's risk strategy, functions, controls, and communication to build confidence.

1. Business Risk
By: Brian Oatway

2. Why I choose this topic?
I
choose Business risk, because it will be
what I will be doing next year. My
presentation is tailored to college students
who are looking to go into the service
industry specifically around risk. The
objective of this presentation is to inform
prospective students of what a career in
risk entails.

3. Types of Business Risk
 Security
Risk
 Financial Risk
 IT Risk
 Strategic Risk
 Internal Risk
 External Risk

4. To successfully turn risk into results, one needs to
become more effective at managing scarce
resources, making better decisions and reducing an
organization’s exposure to negative events.

5. The Risk Cycle

6. Common Questions
 What
are your key risks and how are they
being managed?
 Are there overlapping risk functions or
gaps in coverage?
 Is technology being optimized to minimize
risk?
 Where are there weaknesses in the
organizations process?

7. By mitigating risk…
 Enhance
the risk strategy
 Embed risk management
 Optimize risk management functions
 Improve controls and processes
 Enhance communication to achieve
community confidence

9. Risk Mitigation
A
systematic reduction in the extent of
exposure to a risk and/or the likelihood of
its occurrence

10. Risk Mitigation Continued
 http://www.youtube.com/watch?v=Mjpc
CER4CG4

11. Questions?