The Chief Risk Officer: Automating risk governance
See how to turn regulatory fire-drills into routine checks and ensure total data defensibility.
Replace manual fire drills with continuous assurance
Now, because of Collibra’s interconnections within and between the central layers, we can quickly and easily trace where the data comes from and who manages it, to enable e.g. accurate liquidity risk assessment.
Kasper Kisjes
Make regulations work for you.
Your path to defensible data starts here.
- If you can't trace it, you can't prove it
Map critical data elements directly to regulatory reports with automated lineage to show exactly where your numbers come from. - If it's not accurate, it’s a liability
Replace manual checks with automated controls and data quality monitoring to proactively detect anomalies before they impact capital calculations or reporting. - If you don't govern, you can't adapt
Move from reactive drills to automated enforcement by embedding governance, assigning ownership and automating workflows.
84% of CCOs say their companies will likely face increasing regulatory expectations and scrutiny in the next two years, with the greatest pressure coming from customers, regulators and social policy/public perception.
Govern. Enforce. Automate.
Steps to compliance success
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Govern
- Catalog
Catalog and define all Critical Data Elements (CDEs) for risk reporting - Assign
Assign clear data ownership to establish accountability across the organization - Standardize
Standardize business definitions to ensure alignment between IT and Risk teams - Centralize
Centralize data assets in a single, searchable governance catalog - Trace
Trace end-to-end lineage from golden sources to final regulatory reports
- Catalog
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Enforce
- Monitor
Monitor data quality continuously with automated validation rules - Link
Link regulatory policies directly to specific data assets and controls - Detect
Proactively detect outdated or inconsistent data before it impacts reporting - Maintain
Maintain an immutable, defensible audit trail for every data change - Certify
Require formal stewardship sign-off for report certification
- Monitor
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Automate
- Trigger
Trigger automated workflows to route data issues to the right owners - Accelerate
Accelerate reporting cycles by removing manual spreadsheets and reconciliations - Establish
Establish standard operating procedures (SOPs) to streamline the generation of audit artifacts - Operationalize
Operationalize governance to reduce capital add-ons and compliance risk - Maintain
Maintain continuous oversight with a real-time risk command center
- Trigger
Mitigate regulatory exposure
Shift from reactive fixes to proactive protection. By ensuring your data is consistent and accurate across all deliverables, you significantly reduce exposure to regulatory fines, capital add-ons and intrusive scrutiny.
Streamline operations
Retire fragile, manual reporting processes that drain your team’s time. By implementing automated checks and policy enforcement, you can increase operational efficiency, lower reporting costs and accelerate your submission timelines without sacrificing quality.
Demonstrate total control
Move to an evidence-based defense that regulators trust. Instantly demonstrate total control with full data lineage and auditable trails, proving exactly where your numbers come from and that your controls are in place.
Accelerator
Jumpstart regulatory readiness
Fast-track BCBS 239 readiness with our four-week accelerator.
Our Professional Services team accelerates your path to defensibility. We assess your current state and implement targeted improvements for user adoption, governance operating models and metadata processing efficiency.
Resources and insights
Solution brief
Comply with regulations: Collibra transforms regulatory chaos into automated, simplified control
Whitepaper
Beyond the checklist: Building a defensible data foundation for Solvency II
Whitepaper
Conquer BCBS 239 Compliance with Collibra
Collibra blog
How to achieve data quality excellence for BCBS 239 risk data aggregation compliance
The road to Data Confidence™ starts here.
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