COMPLIANCE RISK ASSESSMENT TEMPLATE Compliance Risk Assessment is a structured process that helps organizations proactively identify, evaluate, and address areas where they may be vulnerable to compliance gaps. It provides a consistent framework for reviewing obligations across laws, regulations, and internal policies. This helps teams prioritize risks, strengthen controls, and stay ahead of requirements before issues arise. It covers key areas such as data privacy, workplace safety, financial reporting, employment law, anti-corruption, and environmental requirements. This template brings together the core tools used in a standard Compliance Risk Assessment into one easy-to-follow document: 01 COMPLIANCE RISK ASSESSMENT Risk Register: a categorized log of all identified compliance risks, each scored for likelihood and potential impact.Establishes Clear Safety Goals Risk Matrix: a visual scoring guide that maps likelihood against impact to classify each risk as Low, Medium, High, or Critical. Controls Assessment: a review of the controls already in place for each risk, including how effective they are and where gaps exist. Mitigation Action Plan: an assigned list of corrective actions, owners, and deadlines for addressing gaps and reducing residual risk. This Template Is Ideal For Compliance Officers and Risk Managers Operations and Site Managers HSE (Health, Safety & Environment) Officers Internal Audit Teams Finance, HR, and Legal Teams with compliance responsibilities Small business owners and independent compliance consultants Note: The templates/guides in our Content Library were created by the SDS Manager Team to help you manage site operations effectively. They are provided as reference tools and should be tailored to match your specific project needs, company policies, and industry standards. SDS Manager does not guarantee that these templates meet legal, regulatory, or contractual requirements. Users are responsible for reviewing and adapting each template to ensure compliance with their operational and legal obligations. COMPLIANCE RISK ASSESSMENT TEMPLATE 02 SECTION 1: ASSESSMENT OVERVIEW Fill in the details below before starting your risk assessment. This helps to track versions, ownership, and the scope of each review. Organization Name Dept / Team Prepared By Date Review Period Next Review Industry / Sector Version Scope of Assessment Field Details Field Details