Risk Management Policy

The Risk Management Policy is a critical component of SOC 2 compliance that auditors will thoroughly review during your audit. Risk management is foundational to SOC 2 compliance, required by multiple Trust Service Criteria. Auditors expect documented risk assessment processes, risk treatment decisions, and evidence of ongoing risk monitoring. This template provides a systematic approach to identifying, analyzing, and mitigating risks to your systems and data. It includes frameworks for risk scenario development, likelihood and impact assessment, and risk acceptance criteria that align with SOC 2 requirements. Many organizations struggle with demonstrating continuous risk management—this template ensures you have the documented processes auditors need to see. This policy includes four versions to fit your organization's needs: an Enterprise version for larger organizations with complex requirements, an SMB version optimized for smaller teams, an Implementation Workbook with step-by-step guidance, and a Quick Reference Guide for daily use. All versions are professionally formatted Microsoft Word documents ready for customization to your specific environment.