Regulators have woken up to the risks posed by automated decision making processes in financial services.
Whether used for investment analysis, portfolio construction, order generation/routing or execution allocation, the algorithms have to be carefully designed, tested, implemented and managed.
GRC-Maestro supports the governance of your algorithms with:
- Exception reporting: flag and report issues with algorithms as they occur, e.g. data errors, bugs, etc.
- Scheduled reports: periodically check key information regarding the opperation of each critical algorithm
- Incidents: evaluate exception and scheduled reports to identify issues requiring investigation, evaluation and resolution
GRC-Maestro evidences to Regulators and Senior Management that your business has a thorough control over the core algorithms it relies on.