descriptionRisk-Based Decisioning
How to Document a Risk-Based Decision
schedule12 min read
bar_chartAdvanced Difficulty
updateUpdated 2024
In the world of compliance, if it isn't documented, it didn't happen. Documenting a risk-based decision (RBD) requires a clear narrative that reconciles the identified risks with the chosen mitigation strategy.
The RBD Narrative Structure
- Risk Identification: Clearly state the red flags or risk factors identified.
- Information Gathering: List the sources used (e.g., adverse media checks, site visits).
- Analysis: Explain the thought process behind the conclusion.
- Final Decision: State the approval or rejection with justification.
Ready to implement?
Download the related frameworks and templates to standardize your onboarding process.