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Proactively detect outdated or inconsistent data before it impacts reporting - Maintain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.
Resilience across regulations
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BCBS 239
Strengthen risk data aggregation
Operationalize the 14 principles by establishing a unified governance framework that ensures the accuracy, integrity, and traceability of risk data aggregation and reporting.
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Solvency II
Ensure data integrity and defensible reporting across the three pillars
Support Pillar 1, 2 and 3 requirements with a unified platform for capital calculation, traceable governance and reporting.
The operating system for risk data
Data Lineage
Ensure full traceability
Automatically map data flow from source systems to regulatory reports for full traceability.
Control Tower
Automate enforcement
Automate compliance checks, validate controls and flag violations to reduce data risk.
Data Quality & Observability
Guarantee data integrity
Automated quality rules monitor accuracy, completeness, and freshness. Detect anomalies in source systems before they invalidate your reporting cycles.
Data Governance and Stewardship
Embed accountability
Formally assign roles to critical assets to create the accountability structure regulators demand.
Data Catalog
Centralize critical assets
Maintain a governed catalog of all required deliverables (QRTs, RSR, ORSA) and the internal operational reports that feed them.
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
BCBS 239January 9, 2025
How to achieve data quality excellence for BCBS 239 risk data aggregation compliance
The road to Data Confidence™. Get started today.
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