Creating Risks

Creating and Managing Risks

Creating Risks from an Authoritative Document

1. Navigate to the Authoritative Document:

   • Open the desired Authoritative Document.

   • Click the Risks icon in the right panel.

2. Assign or Create a Risk:

   • Click Assign Risk.

   • Use the search box to check for an existing risk.

   • If no match is found, click Create to add a new risk.

3. Fill in Risk Details:

• Risk Name: Enter the title of the risk.

• Risk Description: Provide a detailed explanation.

• Exposure:

  • Enter any penalties tied to the risk.

  • Toggle Criminal Charges if applicable.

• Assigned Owners: View or assign responsible parties.

4. Save the Risk:

• Click Save to finalize the creation.

  • Alternatively, select Create Control to set up a control for the risk.

Creating Risks from the Risks List View

1. Navigate to the Risks Tab:

   • Go to the Compliance Management section.

   • Select the Risks tab.

2. Add New Risk:

   • Click the Add Risk icon in the top-right.

   • The Add New Risk modal will open.

3. Enter Risk Details:

   • Risk Name: Add a name for the risk.

   • Risk Description: Provide a brief description.

   • Exposure:

     • Add penalties (if any).

     • Toggle Criminal Exposure as needed.

4. Save:

   • Click Save to store the risk.

   • The new risk will appear in the list.

Creating a Risk from Highlighted Text in an Authoritative Document

1. Highlight the Relevant Text
   Select the portion of the authoritative document that presents a potential risk.

2. Click the “Add Risk” Icon

   • Hover over the highlighted text until the action menu appears.

   • Click on the flame icon labeled “Add Risk.”

3. Enter Risk Details

   • In the Risk creation window, provide a title and description for the risk.

   • Define the potential impact and likelihood if applicable.

   • Add any mitigation strategies or controls that address the risk.

4. Save the Risk

   • Click Save to add the risk to your compliance management framework.