Focus: model risk management
A central tool that improves model governance, transparency, efficiency and effectiveness.
Focus ensures you adhere to best practice for regulatory requirements in a controlled, systemic way.
Define and adhere to policy and process, with comprehensive records, reporting and remediation to help you stay on track.
With easy, controlled access to all models, reports and documents and up to the minute status, tasks and actions dashboards, it also facilitates better prioritisation and resource planning in a single practical solution.
Defined data and model dependencies and taxonomy
Centralised model inventory
Model risks reported and remediation plans tracked
Model lifecycle events and workflow management
Full audit trail, tracking and reporting
User configurable reporting and querying
Implementation flexibility
Configuration
The admin panel allows you to set user or role permissions for viewing, uploading and editing.
Use Focus for all IRB, stress testing and IFRS9 model types, as well as any used for compliance, forecasting, econometrics, underwriting, marketing and more.
Link all data sources and fields to models with easy to view and manage data taxonomy.
Users can configure their own dashboards for reporting and querying via the simple drag and drop interface.
Workflow management
Define the standards and processes for each model at each stage of the lifecycle, from development to decommissioning.
Active model governance manages development, implementation, validation and retirement workflows and schedules.
With automated email and weblink and notifications of tasks, reviews and approvals for each model’s defined process.
Optimised workload and resource management with a view of the complete diary of planned activities for the entire lifecycle of all models.
Governance
Flag and track all model development, implementation, validation and remediation, recommendations and actions - viewed by maximum periods, severity and tier.
Log and store all documents, decisions, actions and approvals to build an easily referenced audit trail for each step by model owner.
Access a full audit trail, version control and reporting for all models for proof of all changes and the reasons behind them at exact points in time .
Implementation
Our partners will help you make the right implementation decisions for your business. Focus can be installed in your own IT infrastructure or private cloud, or run from public cloud servers.
Book a demo
Find out today if Focus could be for you.