What is a function of risk specialists within an organization?

The role of risk specialists within an organization encompasses various critical functions that are essential for effective risk management. One of their primary responsibilities is performing risk assessments. This involves identifying potential risks that could affect the organization's objectives and evaluating the likelihood and impact of these risks. Through thorough risk assessments, specialists provide valuable insights that inform the organization's risk management strategies.

In addition to conducting risk assessments, risk specialists also play a pivotal role in raising staff awareness about risks. By fostering a culture of risk awareness, they ensure that employees at all levels understand the risks inherent in their activities and the importance of adhering to established policies and procedures aimed at mitigating those risks. This educational component empowers staff to recognize and address risks proactively, thus contributing to a more resilient organizational environment.

The combination of performing risk assessments and raising staff awareness is crucial for the overall effectiveness of an organization’s risk management framework, making the correct answer a combination of both functions.