"glaring risk" is correct and usable in written English.
You can use it when you want to refer to a risk that is obvious or easily seen. For example, "The glaring risk of not diversifying your investments is too great to ignore."
It is a glaring danger that puts millions of our citizens at risk.
The objective of this paper was to regulate the amount of illumination in a room at a constant level, irrespective of the disturbances from outside such as weather conditions or the use of blinds to avoid the glare risk.
Getting killed is a hazard in many occupations, but there is one glaring difference between death risks of law enforcement officers and those of other dangerous occupations: only police officers face the threat of murder as a part of their job.
When UBS revealed on Thursday that a rogue trader had lost a quantity of money so large that it potentially wiped out profits for the entire quarter, the case cast a glaring spotlight on banks' risk-taking activities and evoked painful memories of the financial crisis.
In the past, managers of open-ended mutual funds have steered clear of that less-liquid arena, where the risks were glaring and the opportunities less clear.
Is it too uncharitable to suggest that the White House prefers a double act because it doesn't trust the President to handle the questioning alone and, perhaps more important, doesn't want to risk too many glaring contradictions between Bush's memories and Cheney's?
"This is a glaring omission from the NATA risk assessment," says Robert Sills, toxics unit supervisor in the Air Quality Division of the Michigan Department of Environmental Quality.
Let's also not forget that that now that the stakes have dropped the health risk factor becomes more glaring.
Previously, diabetes was considered simply another risk factor, rather than a danger sign so glaring that it was as if the person had already had a heart attack.
