Introduction
The Risks module gives you a clear view of your risk profile and makes it easy to track, manage and review tasks.
You’ll find the Risk module in the left-hand sidebar of Complyance. There are two key areas to be aware of:
- Risk dashboard: Provides the visibility into the status and breakdown of your risks.
- Risk register: Your centralized risk register, consolidating all risks in one place.
When a new risk becomes apparent you can upload a new risk to your Risk Register.
Uploading a New Risk
Navigate to your risk register in Complyance, this is found on the left-hand sidebar of Complyance.
- In the top right-hand corner, click the button ‘+ New Risk’
- The new risk will open, and you can go through this record to add all the relevant information:
- Risk ID – A unique identifier for this risk generated by Complyance
- Status – The current status of your risk determined by reviews and review dates. The five statuses are: Pending, Reviewed, Expiring, Overdue, and Closed.
- Description – A detailed description of the risk (you can use Core AI to regenerate or enhance this).
- Inherent and Residual Risk Level & Scores – Generated from the risk level configuration.
- Category – A customizable field for your risk categories.
- Owner – The user responsible for the risk; they will receive notifications for changes and upcoming reviews.
- Frequency – How often the risk must be reviewed.
- Last Reviewed – The date of the most recent review, pulled from the Review tab.
- Treatment Strategy - This is how you plan to action the risk (Pending, Accept, Avoid, Mitigate, Monitor or Transfer)
- Treatment – The assigned treatment approach (Accepted, Avoided, Mitigated, Pending, or Transferred).
- Treatment Details – Notes or actions to address the risk - you can use AI to generate, enhance, or shorten treatment details, as well as auto-create tasks.
- Custom Fields – Add custom fields to track additional attributes, such as:
- Financial impact (e.g., < $500k, $500k–$1M, $1M–$3M, $3M+)
- Confidentiality, availability, integrity score
Once you have filled out all the details, your new risk is complete!
Still have questions? Reach out to our support team via the Support Center for assistance.