Model Risk Governance Module

Manage model risk more effectively

Demonstrate strong model governance, reporting and compliance with the IBM OpenPages Model Risk Governance module, using an integrated and transparent approach.

Bring together all the key stakeholders who often work independently on siloed data. The OpenPages Model Risk Governance module combines a flexible data model with document management, powerful workflow capabilities, and business intelligence. It helps ensure a greater level of engagement and transparency in the model risk management and governance processes.

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OpenPages demo tour

Try an interactive product tour of OpenPages to see how easy it is to identify risks, review the latest regulatory requirements and manage workflows.

Gartner® Market Guide to GRC Tools for Assurance Leaders

What you get

Model risk regulatory compliance support

Helps organizations meet compliance requirements and reduce maintenance costs with a variety of model-focused regulations across regions and jurisdictions. Your organization can map policies, metrics and models to multiple regulatory requirements to support assessments across complementary regulations.

Demonstration of financial risk governance

Centralize the models used by banks, insurance firms and other financial institutions to measure and manage financial risk. This enables your organization to maintain an enterprise-wide list of models and documents, as well as track issues associated with models. Assign appropriate roles for model ownership, and report on model inventory and issues.

AI model management

Watson OpenScale aids enterprises to validate pre-production AI models and monitor production AI models to ensure they can be trusted to perform as intended. The built-in integration permits OpenPages users to automatically receive metrics and reports from Watson OpenScale, as well as store documentation of model validation test results from Watson OpenScale.

Features

Model manager dashboard

The dashboard delivers all of the information related to models, including a breakdown of use cases and models by status, change requests in process, challenges, issues and tasks assigned to the various stakeholders.

Metrics and model views

Monitor the effectiveness of models with metrics. Metric values are captured for each metric and a breach status is automatically calculated to indicate if the metric is red, yellow, or green.

Model review and validation

The model manager is ready to approve the model review report performed by the model validator. If there were any issues, then the model can be sent back to the validator for further preparation.

Automate your GRC processes with ease

IBM OpenPages offers you the capability to deploy domain-targeted product modules to meet specific governance, risk, and compliance challenges. Choose the product modules you need within a single integrated environment.

Read the OpenPages solution brief

IBM OpenPages Operational Risk Management

IBM OpenPages Regulatory Compliance Management

IBM OpenPages Internal Audit Management

IBM OpenPages IT Governance

IBM OpenPages Third-Party Risk Management

IBM OpenPages Data Privacy Management

IBM OpenPages Risk Management for ESG

IBM OpenPages Business Continuity Management

IBM OpenPages Financial Controls Management

IBM OpenPages Policy Management

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