SureStep empowers financial institutions and model-driven enterprises to centralize model governance using IBM OpenPages Model Risk Governance. We implement full model lifecycle oversight—from development to validation and ongoing monitoring—aligned with SR 11-7, ECB TRIM, and other regulatory standards.
- Track model inventory, risk tiers, ownership, and validation cycles
- Automate governance workflows for development, approval, and retirement
- Integrate testing, documentation, and controls in a single platform
Managing Model Risk in a Regulated Environment
Banks, insurers, and capital markets firms rely on complex models to drive decisions across credit, market risk, pricing, and capital planning. Yet these same models introduce significant regulatory, operational, and reputational risk if not governed properly. Regulators increasingly demand transparency, independent validation, and ongoing performance monitoring. Without a structured framework, organizations struggle to maintain a complete inventory, ensure consistent documentation, and track the lifecycle of thousands of models.
Why You Need a GRC System for Model Risk Management
- Regulatory expectations (such as SR 11-7, OSFI E-23, and ECB TRIM) require comprehensive governance of model development, validation, and use.
- Manual inventory tracking and siloed documentation create blind spots and increase the risk of outdated or unvalidated models influencing critical decisions.
- Boards and regulators demand defensible, data-driven oversight of model performance and risk exposure—something spreadsheets and point solutions cannot deliver.
SureStep’s Expertise in IBM OpenPages Model Risk Governance
SureStep helps financial institutions build mature model risk governance frameworks using IBM OpenPages. We configure model registers with tiering, scoring, and use-case mapping to align with your regulatory obligations and internal policies. Our specialization in data management ensures seamless integration of development, validation, and monitoring data into the platform, reducing manual effort and strengthening defensibility. With SureStep as your partner, organizations gain workflows that embed policies, controls, and validation pipelines directly into the model lifecycle—making governance both scalable and regulator-ready.
Driving ROI from Model Risk Governance
Strong model governance is more than regulatory compliance—it protects business resilience and improves decision quality. By centralizing the model inventory and automating validation workflows, firms reduce operational overhead while improving transparency across teams. Dashboards provide executives and regulators with timely insights into model risk posture and overdue actions.
- Reduced cost and effort of regulatory compliance through automated documentation and validation tracking.
- Increased confidence in decision-making by ensuring only validated, well-governed models influence critical business outcomes.
Recent Case Studies from SureStep
SureStep Management Team
Meet the SureStep team - a group of experienced professionals who bring together deep expertise in strategy, risk, compliance, data, finance, and operations.
With diverse backgrounds spanning global consulting, technology, and financial services, our team is united by a commitment to delivering tailored, end-to-end support. Together, we ensure that every engagement is guided by insight, precision, and a focus on your success.
