Manage model risk more effectively

Demonstrate strong model governance, reporting, and compliance with FortisOne GRC’s Model Risk Governance module, using a fully integrated and transparent approach to effectively manage model risk throughout its lifecycle.

Unite all key stakeholders who typically operate on siloed data with FortisOne GRC’s Model Risk Governance module. Combining a flexible data model, document management, robust workflow capabilities, and business intelligence, it fosters greater engagement and transparency throughout the model risk management and governance processes.

What you get

Model Risk Regulatory Compliance Support

Enables organizations to meet diverse model-focused regulatory requirements across regions, reducing maintenance costs. FortisOne GRC allows mapping of policies, metrics, and models to multiple regulations, supporting comprehensive assessments across complementary compliance standards.

Demonstration of Financial Risk Governance

Centralize models used by banks, insurance companies, and other financial institutions to measure and manage financial risk with FortisOne GRC. Maintain an enterprise-wide inventory of models and related documents, track model-related issues, assign ownership roles, and generate detailed reports on model inventory and concerns.

AI Model Management

FortisOne GRC enables enterprises to validate pre-production AI models and monitor production AI models, ensuring they perform reliably and as intended. Its seamless integration allows users to automatically receive metrics and reports while securely storing documentation of model validation test results within the platform.

Features

Model Manager Dashboard

The dashboard provides comprehensive information on models, including a breakdown of use cases and models by status, ongoing change requests, challenges, issues, and tasks assigned to stakeholders—ensuring clear visibility and effective management.

Model Review and Validation

The model manager can approve the model review report prepared by the model validator. If issues are identified, the model can be returned to the validator for further refinement and preparation.Please provide the next content you'd like me to improve and customize for FortisOne GRC while matching the original length.

Metrics and Model Views

Track model effectiveness through key metrics. Each metric value is recorded, and a breach status is automatically calculated to show whether the metric is in a red, yellow, or green state for easy performance monitoring.

Take the next step

Book a consultation with our experts to discover how FortisOne GRC automates compliance with ease.