Sorry, no online dictionaries contain the exact phrase mitigate risk.
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Reverse dictionary results:
1. reduce risk
2. alleviate risk
3. lessen risk
4. minimize risk
5. manage risk
6. mitigation
7. abate
8. allay
9. allege
10. alleged
11. alleging
12. assuage
13. ease
14. extenuate
15. lighten
16. neutralize
17. palliate
18. relieve
19. relieved
20. salve
21. salving
22. slack
23. slacken
24. slacking
25. slacks
26. solace
27. soothe
28. anticipate
29. adventurous
30. afford
31. brinkmanship
32. burn
33. caution
34. chicken
35. defensive
36. drive
37. edge
38. gedge
39. guess
40. hedge

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You can look up the words in the phrase individually using these links:   mitigate ?   risk ?
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