External Risk Assessment Checklist Form
Complete this External Risk Assessment Checklist Form to systematically review and document external risk factors for your organization.
What is the name of the entity or third party being assessed?
*
Select the type(s) of external risk factors present.
*
Regulatory/Compliance
Cybersecurity/IT
Operational
Financial
Reputational
Supply Chain
Other
Is there a formal risk management policy in place for this entity?
*
Yes
No
Not Sure
Rate the overall likelihood of an external risk event occurring.
*
1
2
3
4
5
Rate the potential impact of an external risk event.
*
1
2
3
4
5
External Risk Factor Evaluation
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Rows
Likelihood
Impact
Mitigation in Place
Regulatory/Compliance
1
2
3
Cybersecurity/IT
4
5
6
Operational
7
8
9
Financial
10
11
12
Reputational
13
14
15
Are third-party/vendor due diligence checks performed regularly?
*
Yes
No
Not Applicable
List any recent external risk incidents or near misses involving this entity.
Are there documented mitigation plans for identified external risks?
*
Yes
No
In Progress
Additional comments or observations regarding external risks.
Submit Assessment
Should be Empty: