Satire necessitates elements of risk, I think (4)

I believe the answer is:

skit

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'satire necessitates elements' is the definition.
I can't judge whether this defines the answer.

'of risk i think' is the wordplay.
'of' indicates a hidden word.
'SKIT' is hidden within 'risk i think'.

Can you help me to learn more?

(Other definitions for skit that I've seen before include "Parodic sketch" , "Lampoon" , "Send-up" , "Short comic piece" , "A piece of humorous mimicry" .)

I've seen this clue in The Times.

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