Risk Inventory Exercise Template (Excel XLS)

RISK MANAGEMENT EXCEL DESCRIPTION

Editor Summary An Excel risk inventory template (XLS) by Boris Agranovich, developed from work with Citibank, Bank of Tokyo Mitsubishi, and Capgemini and by the founder of a global Risk Management community. Read more Built to identify, analyze, and document risks mapped to Basel II categories, it includes 45 example processes across 7 Basel II event types (Internal Fraud through Execution, Delivery & Process Management). Customizable Excel workbook; sold as a digital download on Flevy with immediate digital download.

Use this template when an organization, project, or system requires a structured exercise to identify, assess, and prioritize operational and compliance risks—particularly where Basel II mapping or alignment with SOX/ISO/FFIEC is needed.

  Risk managers facilitating a workshop to map business processes to Basel II loss event types and record likelihood and impact for each process.
  Compliance officers mapping inventory outputs to SOX, ISO 17799/27001, ITIL, or FFIEC requirements for control assessment.
  Internal audit teams scoping risk-based audit plans by assessing process-level exposures across sample processes.
  IT risk or continuity teams quantifying exposures to Business Disruption & System Failures for recovery planning.

The workbook’s structured, workshop-based inventory and likelihood-impact assessment approach aligns with standard operational risk inventory practices used in banking risk management and compliance mapping.

Conducting Risk Inventory is a process of identifying, analyzing, and documenting the potential risks that an organization, project, or system faces. It is typically conducted as a structured exercise, in which a team of experts or stakeholders works together to identify and assess the risks that the organization or project is facing.

The goal of the Risk Inventory Exercise is to create a comprehensive list of potential risks and to understand the likelihood and impact of each risk. This information can then be used to prioritize risks and to develop strategies for mitigating or eliminating those risks.

The Risk Inventory Exercise template is an Excel workbook, where the experts or stakeholders can select risk types (according to the Basel II risk categories) that the business processes are exposed to. In the workbook, there are 45 example processes identified across the 7 Basel II event types:

•  Internal Fraud
•  External Fraud
•  Employment Practices & Workplace Safety
•  Client Products & Business Practices
•  Damage To Physical Assets
•  Business Disruption & System Failures
•  Execution, Delivery & Process Management

This Risk Inventory template is built in Excel and is completely customizable.

TOPIC FAQ

What is a risk inventory exercise and what should it produce?

A risk inventory exercise is a structured team activity to identify, analyze, and document potential risks to an organization, project, or system. The outcome is a prioritized list of risks with assessed likelihood and impact that informs mitigation planning; the Flevy template includes 45 example processes across 7 Basel II event types.

What are the Basel II event types commonly used in operational risk inventories?

Basel II operational risk event-type categories listed in the template are: Internal Fraud; External Fraud; Employment Practices & Workplace Safety; Client Products & Business Practices; Damage To Physical Assets; Business Disruption & System Failures; Execution, Delivery & Process Management — 7 event types in total.

How do you use an Excel-based risk inventory template during a workshop?

Stakeholders select relevant risk types according to Basel II categories, map those risks to business processes, and assess likelihood and impact to document exposures. The template is editable in Excel so teams can customize process lists and scoring; the workbook includes 45 example processes for reference.

Which compliance frameworks can a risk inventory be aligned to?

A risk inventory can be aligned to common regulatory and standards frameworks referenced in the product headline, including SOX, ITIL, FFIEC, BS25999, and ISO 17799/27001, enabling alignment of identified risks and controls to those standards.

How should I choose a risk inventory template for a banking environment?

For banking use choose a template that maps directly to Basel II event types, offers editable process lists, and supports documentation of likelihood and impact. Consider pedigree relevant to banks—the Risk Inventory Exercise Template references work with Citibank and Bank of Tokyo Mitsubishi and includes 45 example processes across 7 Basel II event types.

What is the practical value of buying a ready-made Excel risk inventory template versus building one?

A purchased template provides a prebuilt structure, Basel II category mapping, and example processes you can adapt, reducing setup time. Building in-house requires creating comparable process lists and mapping to Basel II categories from scratch; the Flevy template supplies 45 example processes to start from.

I need to assess IT disaster recovery and system failure risks — what part of a risk inventory covers that?

IT disaster recovery and system failure exposures are captured under the Business Disruption & System Failures Basel II event type. The Risk Inventory Exercise Template includes that event type and lets teams map it to affected processes within the customizable Excel workbook.

After completing a risk inventory, what are the typical next steps to prioritize and mitigate risks?

Typical next steps are to analyze likelihood and impact assessments to prioritize risks, identify existing controls, and develop mitigation or remediation strategies for high-priority items. The documented outputs from the inventory are then used to create prioritized mitigation plans and control actions.

Source: Best Practices in Risk Management Excel: Risk Inventory Exercise Template Excel (XLS) Spreadsheet, Boris Agranovich