Overview
OpenPages Model Risk Governance
Brings together all key stakeholders that often work independently on siloed data. OpenPages Model Risk Governance 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.
What does the product module do?
Supports model risk regulatory compliance
Helps organizations meet compliance requirements and reduce maintenance costs with a variety of model-focused regulations across regions and jurisdictions. Organizations can map policies, metrics and models to multiple regulatory requirements to support assessments across complementary regulations.
Demonstrates financial risk governance
Centralizes the models used by banks, insurance firms and other financial institutions to measure and manage financial risk. This allows organizations 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.
Manage AI models with Watson Studio
Watson Studio 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 Studio, as well as store documentation of model validation test results from Watson Studio.
How it works
Model risk governance demo
IBM OpenPages Model Risk Governance: Demo (07:12)
Model risk governance demo
Watch this demo to learn how to demonstrate strong model governance, reporting, and compliance as part of an integrated GRC solution.
Model owner dashboard
Model owner dashboard
The dashboard delivers all of the information related to models, including a breakdown of models by status, model change requests in process, challenges, issues and tasks assigned to the model owner.
Metrics and model views
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
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 could be sent back to the validator for further preparation.
Other product modules
Automate your GRC processes with ease
IBM OpenPages with Watson 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 (PDF, 3.5 MB) →
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