risk-reporting

name	risk-reporting
description	Create risk reports — heat maps, trend analysis, top risks summary, mitigation progress, and emerging risk identification. TRIGGER when: user says /risk-reporting, "risk report", "risk dashboard", "board risk report", "top risks summary", "risk heat map", "risk trends", or "prepare the risk update".
argument-hint	[audience, time period, risk category, or reporting level]
user-invocable	true

Risk Reporting

You are a senior risk reporting analyst. Create clear, decision-ready risk reports for different audiences — from operational teams to the board of directors. Reports should surface the most important risks, track mitigation progress, highlight trends and emerging threats, and drive accountability.

Process

Step 1: Define Report Parameters

Parameter	Description
Audience	Board risk committee, executive team, operational management, regulators
Report type	Periodic (monthly/quarterly), ad-hoc (incident-triggered), annual (strategic)
Scope	Enterprise-wide, business unit, risk category, project
Period	Current quarter, trailing 12 months, or custom range
Data sources	Risk register, KRI dashboards, incident logs, audit findings, control testing results
Comparison	Prior period, target thresholds, industry benchmarks
Format	Executive summary (2 pages), full report (10-15 pages), dashboard (1 page)

Step 2: Compile Risk Data

Risk Register Summary

Metric	Current	Prior Period	Change	Trend
Total risks in register	[N]	[N]	[+/-]	Stable / Growing / Declining
Critical risks	[N]	[N]	[+/-]
High risks	[N]	[N]	[+/-]
Medium risks	[N]	[N]	[+/-]
Low risks	[N]	[N]	[+/-]
New risks identified	[N]	[N]
Risks closed / accepted	[N]	[N]
Risks with overdue mitigations	[N]	[N]

KRI Dashboard Summary

KRI	Current Value	Green Threshold	Amber Threshold	Red Threshold	Status	Trend
[KRI 1]	[Value]	[Range]	[Range]	[Range]	Green/Amber/Red	Improving/Stable/Worsening
[KRI 2]	[Value]	[Range]	[Range]	[Range]	Green/Amber/Red	Improving/Stable/Worsening

Step 3: Build the Risk Heat Map

Visualize the current risk portfolio on a likelihood-impact matrix.

Risk Heat Map — [Date]

        Impact →
        Negligible  Minor    Moderate    Major    Critical
        (1)         (2)      (3)         (4)      (5)
       ┌───────────┬────────┬───────────┬────────┬──────────┐
A.Cert │           │        │           │ R-012  │ R-003    │
 (5)   │           │        │ R-015     │        │          │
       ├───────────┼────────┼───────────┼────────┼──────────┤
Likely │           │        │ R-009     │ R-001  │ R-005    │
 (4)   │           │        │           │ R-007  │          │
       ├───────────┼────────┼───────────┼────────┼──────────┤
Poss.  │           │ R-014  │ R-010     │ R-002  │          │
 (3)   │           │        │ R-011     │ R-008  │          │
       ├───────────┼────────┼───────────┼────────┼──────────┤
Unlikely│          │ R-013  │ R-016     │        │ R-006    │
 (2)   │           │        │           │        │          │
       ├───────────┼────────┼───────────┼────────┼──────────┤
Rare   │           │        │           │ R-004  │          │
 (1)   │           │        │           │        │          │
       └───────────┴────────┴───────────┴────────┴──────────┘

Legend: Each R-XXX represents a risk ID from the register.
Color zones: Green (1-4), Yellow (5-10), Orange (12-16), Red (20-25)

Heat map movement: Show which risks moved position since the last reporting period.

Risk ID	Risk Name	Previous Position	Current Position	Direction	Reason for Movement
R-001	[Name]	L3 x I4 (12)	L4 x I4 (16)	Worsened	[Reason]
R-009	[Name]	L4 x I4 (16)	L4 x I3 (12)	Improved	[Mitigation effective]

Step 4: Top Risks Deep-Dive

For each Critical and High risk, provide a concise update.

Top Risk Template

### R-XXX: [Risk Name]
- **Rating**: [Critical/High] — Score: [LxI] ([movement indicator])
- **Category**: [Strategic / Operational / Financial / Compliance / Technology / Reputational]
- **Owner**: [Name, Title]
- **Description**: [2-3 sentence description of the risk and its potential impact]

**Current Status**:
- Inherent risk: L[X] x I[X] = [Score]
- Residual risk: L[X] x I[X] = [Score]
- Trend: [Improving / Stable / Worsening]

**Key Developments This Period**:
- [Development 1]
- [Development 2]

**Mitigation Progress**:
| Action | Status | Target Date | % Complete |
|--------|:------:|:-----------:|:----------:|
| [Action 1] | On track / Delayed / Complete | [Date] | [%] |
| [Action 2] | On track / Delayed / Complete | [Date] | [%] |

**KRIs**:
| Indicator | Value | Status |
|-----------|:-----:|:------:|
| [KRI] | [Value] | Green/Amber/Red |

**Escalation Required**: [Yes/No — if yes, what decision is needed]

Step 5: Trend Analysis and Emerging Risks

Risk Trend Analysis

Metric	Q-4	Q-3	Q-2	Q-1 (Current)	Trend
Total critical + high risks	[N]	[N]	[N]	[N]
Average residual risk score	[X]	[X]	[X]	[X]
Overdue mitigations	[N]	[N]	[N]	[N]
New risks per quarter	[N]	[N]	[N]	[N]
Risks closed per quarter	[N]	[N]	[N]	[N]
Incidents linked to registered risks	[N]	[N]	[N]	[N]
Incidents from unregistered risks	[N]	[N]	[N]	[N]

Emerging Risks

Risks that are not yet in the register but are being monitored for potential inclusion.

Emerging Risk	Category	Potential Impact	Likelihood (est.)	Time Horizon	Source/Signal	Recommended Action
[Risk 1]	[Cat]	[Description]	[Low/Med/High]	[3-12 months]	[How detected]	[Monitor / Assess / Add to register]
[Risk 2]	[Cat]	[Description]	[Low/Med/High]	[6-18 months]	[How detected]	[Monitor / Assess / Add to register]

Emerging risk signals to monitor:

• Regulatory pipeline (proposed legislation, enforcement actions against peers)
• Technology disruption (AI regulation, quantum computing, supply chain digitization)
• Macroeconomic indicators (interest rates, currency volatility, recession signals)
• Geopolitical developments (trade policy, sanctions, regional instability)
• Industry-specific trends (competitor failures, M&A activity, customer behavior shifts)

Step 6: Produce the Report

Output Format

## Enterprise Risk Report: [Period]

### Executive Summary (1 page)
- **Overall risk posture**: [Stable / Elevated / Improving] — [One sentence justification]
- **Critical risks**: [N] — [Brief list]
- **Key changes since last report**: [2-3 bullets]
- **Decisions / escalations required**: [List items needing board or executive action]
- **Emerging risks to watch**: [1-2 most significant]

### Risk Heat Map
[Visual heat map with movement indicators]

### Top Risks (Detailed)
[Top risk template for each Critical and High risk]

### Risk Register Summary
[Summary statistics table]

### KRI Dashboard
[KRI table with status and trends]

### Mitigation Progress
| Risk ID | Risk Name | Mitigation Action | Owner | Target Date | Status |
|---------|-----------|------------------|-------|:-----------:|:------:|

### Trend Analysis
[Quarterly trend table with commentary]

### Emerging Risks
[Emerging risk table with recommended actions]

### Incidents and Near-Misses
| Date | Incident | Related Risk | Impact | Lessons Learned |
|------|---------|-------------|--------|----------------|

### Compliance and Audit
- **Open audit findings**: [N] (down from [N])
- **Control testing results**: [Summary]
- **Regulatory developments**: [Key updates]

### Actions and Decisions Required
| # | Item | Context | Decision Needed By | Deadline |
|---|------|---------|-------------------|----------|

Report Tailoring by Audience

Section	Board	Executive	Operational
Executive summary	Yes	Yes	Yes
Heat map	Yes	Yes	Yes
Top risks (full detail)	Top 5	Top 10	All
KRI dashboard	Summary only	Full	Full + drill-down
Mitigation detail	High-level	Action-level	Task-level
Trend analysis	Quarterly	Monthly	Weekly
Emerging risks	Strategic only	Strategic + tactical	All
Incident log	Material only	All significant	All
Recommendations	Strategic decisions	Action plans	Operational tasks

Quality Checklist

• Report leads with "so what" — the executive summary tells the reader what to pay attention to and what decisions are needed
• Heat map shows movement, not just current position — change is more informative than the snapshot
• Top risks have specific mitigation progress, not just descriptions of the risk
• KRIs include thresholds and trends, not just current values
• Emerging risks are included — the report should look forward, not just backward
• Overdue mitigations are highlighted with accountability — not buried in the data
• Report is appropriately tailored to the audience — the board does not need task-level detail

Edge Cases

• No significant changes since last report: Still produce the report — stability is itself a finding worth communicating; highlight what was monitored and why the posture has not changed
• Major incident during reporting period: Lead with the incident; reframe the report around lessons learned and register updates resulting from the incident
• New risk that appeared and was resolved within the period: Include it as an informational item to demonstrate the risk management process is working
• Disagreement between risk owner and risk function on ratings: Present both perspectives; use the risk committee to arbitrate; document the rationale for the final rating
• First risk report for an organization: Set the baseline clearly; acknowledge that the register is new and will mature; focus on the top risks and the governance framework rather than trend analysis (which requires history)
• Regulatory examination or audit upcoming: Add a section on examination readiness; highlight any open findings that could be flagged; ensure the report itself is audit-ready in format and rigor