As part of the Jefferson Lab 12 GeV accelerator upgrade project, Hall B requires two conduction cooled superconducting magnets. One is a magnet system consisting of six superconducting trapezoidal racetrack-type coils assembled in a toroidal configuration and the second is an actively shielded solenoidal magnet system consisting of five coils. Both magnets are to be wound with Superconducting Super Collider-36 NbTi strand Rutherford cable soldered into a copper channel. This paper describes This paper describes a failure modes and effects analysis (FMEA) that was done on these magnets to identify their various failure modes, which were assessed in terms of their Risk Priority Numbers (RPN). Mitigating actions were identified that would reduce the RPNs to acceptable values.Index Terms-Conduction cooled, failure modes and effects analysis (FMEA), magnet quench protection, SSC-NbTi rutherford cable, superconducting magnet, torus.