Abstract Number 677002 Oil spills from commercial vessels are low probability, high consequence events that threaten economic, ecological, cultural, and natural resources. Washington State Department of Ecology Spill's Program (Ecology) has a robust risk assessment program that focuses on identifying and reducing oil spill risks to Washington waters. In 2017-2018, Ecology developed and implemented a novel application of the International Maritime Organization (IMO) Formal Safety Assessment process to lead a collaborative Hazard Identification for oil spill risk in Grays Harbor, Washington. This use of the IMO Formal Safety Assessment Process to assess oil spill risk was a first for Washington State and appears to be unique among US state governments. Working with area tribes, government agencies, and stakeholders, Ecology modified the IMO Formal Safety Assessment process to focus on local factors that could contribute to oil spill risks. Ecology facilitated structured brainstorming discussions during two workshops to complete Hazard Identification. Focusing on local factors fostered collaborative discussion among workshop participants, and allowed the process to benefit from local expertise about the characteristics of waterway and operational practices. The workshops resulted in the identification of 43 local factors related to oil spill risks, 34 recommendations to reduce risks based on current vessel traffic, and 10 recommendations to consider if vessel traffic increases in the future. The recommendations from this assessment are directly informing operations in Grays Harbor; in 2019, the Grays Harbor Safety Committee voted to adopt the risk assessment final report as an addendum to their Harbor Safety Plan. Ecology is also working with area tribes, government agencies, and stakeholders to review and prioritize the risk assessment recommendations with a goal of developing implementation plans for selected measures. This application of the IMO Formal Safety Assessment process represents a repeatable, scalable, and defensible method for conducting oil spill risk assessments. Ecology plans to use this process in other state waterways, and invites other organizations to consider adopting these methods. The presentation will walk through how to apply this process for localized waterway risk assessments and discuss best practices for success. Additionally, Ecology will discuss new risk analysis initiatives directed by the Washington State Legislature, including development of a quantitative model for evaluating oil spill risk and the potential effect of risk reduction measures.