Risk Assessment Made Easy

What is RISKGRID?

RISKGRID is an easily accessible, web-based Platform as a Service that enables firms to build and maintain fully configurable risk assessment grids and link them back through automated workflows to risk incidents and remediation planning for a fully audited, dynamically updatable solution.

Delivering comprehensive risk assessment management and monitoring in a modern, single-pane interface, RISKGRID simplifies, and in turn, de-risks historically manual, time-consuming and un-auditable processes. It offers full trackability of adds-moves-changes, escalation workflow for team member assignment and collaboration, and actionable intelligence of latest risk levels for proactive resolution.


The Theory

Risk assessment grids allow a business to map out it's risks and controls, and then use a defined mapping to determine what are the largest risks remaining - and bring these to the fore in terms of remediation planning.

A high inherent risk, but with good controls around it may lead to a low residual risk. Whereas a medium risk with insufficient controls would have medium residual risk. The second example should warrant more concern as the residual risk, after controls are taken into account, is higher.

Being able to analyse areas of concern, monitor changes accurately and track them over time will enable quicker decision making, better utilisation of resources, and LESS risk.

Inherent Risk

Low Medium - Low Medium Medium - High High

Control

Insufficient
Low
Medium - Low
Medium
Medium - High
High
Opportunity
Low
Medium - Low
Medium
Medium - High
Medium - High
Modertate
Low
Medium - Low
Medium
Medium
Medium
Reasonable
Low
Medium - Low
Medium - Low
Medium - Low
Medium - Low
Good
Low
Low
Low
Low
Low

Fully Configurable Whatever Your Use Case

Health & Safety

Health and Safety risk assessments are a critical and regulatory requirement. Carry them out in an easy and consistent way. Use defined risks to person or property, probability weight and determine required changes.

Information Security

Cyber & Data security are key in every business. Carry out a thorough review of all the risks by department, vendor, site or asset and determine the right controls to put in place to effectively reduce overall risk.

Consultants

Deliver custom built risk assessments to your clients on a modern SaaS platform which ensures that they can easily take over full management going forward including all controls, data backups and secure access.

Site Management

Gather all your risk assessments together in one place and get an overview from a crystal clear dashboard identifying the areas which need immediate attention, or how trends in your risks are developing.

Audit

Too often risk assessments are built in spread sheets with no real access controls and no ability to audit changes when they happen. Upgrade to RISKGRID to ensure all updates are logged and fully documented.

Financial Markets

Operational, Compliance, Regulatory risks all need monitoring and reporting. Rank all your inherent risks for every business, rate your controls and review your residual risks in real time with all changes fully audited.

Build Risk Assessment Grids


As easy as using a spreadsheet, but with all the benefits of a modern web application.

Easily construct and complete a risk assessment grid, fully customisable to your requirements.

Share your grids with colleagues and clients to view, update or complete.

All changes are fully time logged with commentary so you're fully fit for audit.

Compliance Risk Assessment
Investment Bank Global Markets Research
Corporate Finance M&A Strategic Investment Rates Trading FX Trading Proprietary Trading Futures & options Research

Risks

Regulatory Compliance

Conflicts of interest
Medium
Medium - High
Medium
Medium - Low
Low
Medium - Low
Low
Low
Market Abuse
High
Medium
High
Medium
Medium
Low
Low
Low
Transaction reporting
Medium - High
Medium
Medium
Medium - High
Medium - Low
High
Medium - Low
N/A

Financial Crime

Terrorist Financing
Low
Medium - Low
Low
Medium
Medium - Low
Medium - Low
Low
Low
Bribery & Corruption
Medium - Low
Medium - High
Low
Medium - Low
Medium - Low
Medium
Medium - Low
Medium - Low

Dashboard Overview


Track grid completion to check you have all bases covered.

Pie Charts provide an overview of the current state of play with clickable wedges to drilling down to the under-lying issues.

Trend Lines illustrate progress over time and how real-time track is improving your risk profile

Filter the analysis by risk or business group, or show an overview of the whole organisation.

Log Incidents and Track Remediation Plans


Log incidents which occur and link them back to individual or multiple impacted cells in your grid.

Create and track detailed remediation plans with multiple stages configured for your business.

Automatically update your grid with improved controls when the plan is completed.

Fully audited to ensure you can track risk improvements back to a completed project.

Risk Mitigation Plans
Action Action Owners Progress
Plan Target Date Function Owner Status Comments

Market Abuse Surveillance

14/04/2022

Finance

General Manager

Complete

Software has been deployed

BYOD Mobile Monitoring

21/07/2022

Compliance

CCO

On Track

Waiting on IT for security clearance

Market Abuse Surveillance - Links
Current Risks Future Risks
Risks Businesses Inherent Risk Control Residual Risk Inherent Risk Control Residual Risk

Market Abuse

Corporate Finance

     High
     High
     High
     High
     Good
     Good

Fully Customisable


Determine the best axes and titles for your risk assessments grid.

Create your own custom risk mappings.  Customise the labels and colour scheme how you prefer.

Event Logging and Remediation Planning can incorporate customization of
options that fits to your organisation rather than a generic set of descriptors. 

Harm Severity

Minor Marginal Critical Catastrophic

Probability

Certain
High
High
Very High
Very High
Likely
Medium
High
High
Very High
Possible
Low
Medium
High
Very High
Unlikely
Low
Medium
Medium
High
Rare
Low
Low
Medium
Medium
Eliminated
Eliminated
Eliminated
Eliminated
Eliminated

Free Access


Free one month access to Professional when you first sign-up and lifetime free access if you're only building a single grid.

Three different paid packages depending on your usage requirements.

Free Professional Access


Free access to all RISKGRID features when you first sign up for 30 days.

Free Basic Access


Ability for a single user to build and manage a single risk assessment.

Subscriptions to Suit All Budgets

Single User

Manage up to 3 grids.
Dashboard Analysis.
Share grids with other users.


£10 + VAT per month

Professional

Manage up to 10 grids and 5 users.
Dashboard Analysis.
Incident Logging & Remediation Planning.
Share grids internally and externally.

£100 + VAT per month

Enterprise

Manage up to 50 grids and unlimited users.
All the features of Professional.
Private Instance.
Corporate Branding & SSO.

£1,000 + VAT per month