Road vehicles and similarly complex systems are constructed by integrating many subsystems and components that are sourced from a large number of suppliers. This process may lead to the emergence of possible system-level safety issues, some of which could be caused by external or internal electromagnetic interference. Assurance of safety by demonstrating compliance with standard tests is becoming increasingly challenging as system complexity rises. This is due to the costs and practical limitations of both component and system-level electromagnetic compatibility testing. Hence, there is a need for additional methods to help estimate the likelihood of electromagnetic interference risks associated with such systems. Probabilistic graphical models, such as Bayesian and Markov networks, are able to provide a better visualization of various features and their relationships in a single graphical structure. Moreover, using template models, a general-purpose representation for various integrated components of a system can be developed for collective inference. Using such methods, this paper proposes a knowledge-based approach to assist risk management in system-level electromagnetic engineering. The purpose of using a knowledge-based approach is to be able to undertake safety risk analyses during the early stages of design, when many factors (e.g. internal, and external electromagnetic interference levels, physical location of the component) remain uncertain.