Tuesday Tips: Assess the Risks
Tuesday Tips
Step 2: Assess the Risks
Not all risks are created equal — so why treat them that way?
Once you’ve identified your risks, it’s time to dig deeper. Step 2 of our risk assessment process is all about understanding how likely a risk is to occur and how severe the impact could be.
At Essential Edge, we use a 1–5 scoring scale — rating both the probability and the potential impact — then multiply those scores for an overall risk rating. This gives our clients a clear, prioritized picture of what needs attention most.
Our approach? We sit down directly with your team. Because your staff’s perspective on risk is invaluable — and it shapes the entire evaluation.
Data-driven decisions start with honest conversations. Is your organization having them?
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Todd Spillane is President of Essential Edge Compliance Outsourcing Services, LLC. An experienced Chief Compliance Officer, General Counsel and Chief Operating Officer, Todd brings a strong background in all aspects of investment, legal and compliance to his role.
