How to Complete and Manage a Risk Assessment

✅ Configure the assessment based on your firm’s risk policies and appetite

🔁 Set up risk logic to determine how a risk rating is automatically calculated based on the answers provided

📊 Risk is assessed consistently across your team

🧠 A risk rating is generated automatically using your firm’s unique logic

⚠️ Potential risks can be quickly identified and mitigated in line with your internal policies

All questions are typically mandatory to ensure assessments are robust and complete.

Conditional logic has been applied to show only the relevant follow-up questions based on your inputs - streamlining the process.

Once all required information has been entered, click Calculate risk rating to generate a rating based on your configured logic.

You’ll then have the opportunity to outline any risk mitigations before marking the assessment as complete.

Navigate to the Risk Assessments page to view all assessments.

Use filters to view assessments by status, type, or risk rating.

To update a completed assessment, open it and click Update Risk Assessment.

This creates a new version, carrying over all previously entered data.

Make your updates, re-calculate the risk rating, and complete the assessment.

You’ll be asked to provide a reason for the update, which is recorded for audit purposes.

All previous versions are stored in the version history, with changes clearly highlighted.

To download a completed assessment as a PDF, open the assessment and click Download PDF.

Previous versions can also be downloaded from the version history, offering a full audit trail.