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The phrase "Total risk" is correct and usable in written English.
It can be used in contexts related to finance, insurance, or project management to refer to the overall level of risk associated with an investment or decision. Example: "Investors should carefully assess the total risk before committing their funds to the new venture."
Exact(58)
"Total risk.
Total risk (TR): The total risk is the total response expressed as percentage of affected biological units among all treated units.
Total risk scores were calculated correctly for 189 (68.7%, Table 4).
He was a total risk junkie.
And the total risk they pose to the taxpayer far exceeds that of the big banks.
Each customer would be charged a premium based on the total risk of the pool.
Mr. Lochbaum said that if the dry cask system were used to maintain equilibrium in the pool but the pool were kept full, the total risk would rise.
In the 1980s, during the height of the Latin American debt crisis, the total risk to the nine money-center banks in New York was estimated at more than three times the capital of those banks.
Even in the agency research on the problem, "there was a sort of lack of appreciation of the total risk involved," said Maj. Gen. Kenneth W. Hess, a board member who is the commander of the Air Force Safety Center.
The piece was included in a retrospective of the artist's work at the Museum of Modern Art in 1986 and in "Abstraction in the 20th Century: Total Risk, Freedom, Discipline" at the Solomon R. Guggenheim Museum in 1996.
"The quotas were maintained for assets with risk that ran idiosyncratic to the international financial market," the book says at one point, "and thus incrementally decreased the total risk of their portfolio adjusted for return".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com