Who is tasked with the identification, analysis, and control of risks in an organization?

The role responsible for the identification, analysis, and control of risks within an organization is that of a risk manager. The primary function of a risk manager is to evaluate potential risks that could impact the organization’s ability to achieve its objectives. This involves conducting risk assessments, developing risk management strategies, and implementing measures to mitigate identified risks.

A risk manager acts as an integral part of an organization’s overall strategy by ensuring that risks are effectively managed and aligned with the organization's goals. They focus on both potential opportunities and threats and employ various tools and techniques to minimize negative outcomes.

In contrast, an insurance broker primarily focuses on helping clients find and purchase insurance coverage that suits their needs, without necessarily managing the organizational risks themselves. A loss adjuster investigates and assesses claims on behalf of an insurer, determining how much the insurer should pay based on the policy coverage and the damages incurred. A loss assessor, similar to a loss adjuster, represents the policyholder in claiming losses from insurers but does not engage in comprehensive risk analysis and management tasks.

Thus, the comprehensive and proactive approach of a risk manager in overseeing and controlling risks makes them the key figure in this responsibility within an organization.