Large Reasoning Models (LRMs) leverage transparent reasoning traces, known as Chain-of-Thoughts (CoTs), to break down complex problems into intermediate steps and derive final answers. However, these reasoning traces introduce unique safety challenges: harmful content can be embedded in intermediate steps even when final answers appear benign. Existing moderation tools, designed to handle generated answers, struggle to effectively detect hidden risks within CoTs. To address these challenges, we introduce ReasoningShield, a lightweight yet robust framework for moderating CoTs in LRMs. Our key contributions include: (1) formalizing the task of CoT moderation with a multi-level taxonomy of 10 risk categories across 3 safety levels, (2) creating the first CoT moderation benchmark which contains 9.2K pairs of queries and reasoning traces, including a 7K-sample training set annotated via a human-AI framework and a rigorously curated 2.2K human-annotated test set, and (3) developing a two-stage training strategy that combines stepwise risk analysis and contrastive learning to enhance robustness. Experiments show that ReasoningShield achieves state-of-the-art performance, outperforming task-specific tools like LlamaGuard-4 by 35.6% and general-purpose commercial models like GPT-4o by 15.8% on benchmarks, while also generalizing effectively across diverse reasoning paradigms, tasks, and unseen scenarios. All resources are released at https://github.com/CosmosYi/ReasoningShield.
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