Risk & Assurance

Risk You Can Actually See

Move risk out of the annual spreadsheet and into a living register. Score what could go wrong, record the controls that reduce it, and prove the difference they make — from operational detail to board-level assurance.

Inherent risk in, residual risk out

A risk register earns its keep when it shows movement. Wavio scores each risk before and after its controls, so you can see exactly what your mitigations are buying you — and where the gap between where you are and where you need to be is still too wide.

Multiple Registers

Run separate registers for corporate, operational or team-level risk, each with its own scope and owner.

Configurable Scoring

Set your own impact and likelihood scales and score thresholds per category — your risk appetite, not a fixed template.

Controls & Assurances

Record the controls reducing each risk and the assurances that evidence they're actually working.

Actions & Owners

Turn gaps into assignable actions with owners and due dates, tracked against the risk they belong to.

Scheduled Reviews

Give every risk a review frequency and capture reviewer comments each cycle, building a history over time.

Regulatory Mapping

Link risks to the regulatory requirements they touch, connecting your risk picture to your compliance obligations.

Scoring

Show what your controls are worth

Score a risk on its inherent impact and likelihood, then record the controls that bring it down and the residual position they leave you in. Set a target score, and the gap between current and target becomes something you can manage rather than debate.

  • Inherent and residual impact × likelihood scoring
  • Target scores to measure progress against
  • Thresholds configured per risk category
Inherent vs residual

Coverage

Eleven categories, one picture

Strategic, operational, financial, cyber, legal, environmental, reputational and more — categorise every risk consistently so you can see concentration and exposure across the organisation, not just within one team's list.

  • Consistent categorisation across every register
  • Owners and managers named on each risk
  • Consequences captured alongside the risk itself
Risk categories

Assurance

Board-ready without the scramble

Reporting across registers, risks, controls and actions means the assurance pack builds itself. Show the board where risk sits, what's being done about it, and which controls have evidence behind them — on any day of the year, not just before a meeting.

  • Reports across registers, risks, controls and actions
  • Review history with reviewer comments
  • Admin and user dashboards for each audience
Assurance reporting

Give your risk picture a pulse

See how Risk Register turns a static spreadsheet into a scored, controlled and continuously reviewed view of organisational risk.

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