Model-risk framework for Cobalt Bank
A model register with risk tiers, an audit trail from data to decision, and a policy set mapped to the regulation clause by clause.
Risk, Governance & Regulation · Cobalt Bank
14 days
to audit-ready, from ninety
How it was measured
Measured as elapsed days from a formal information request to a complete, evidenced response, across three requests before and two after. Stated this way because a figure without its method is a claim. Ask us for the workings: we will send them.
By the third week the register existed. The argument about what belonged in it took the other nine.
MonModel owners nameddone
WedRegister drafted, 212 modelsdone
ThuRisk tiers agreed with auditdrafted
FriEvidence trail wired to the policy setopen
“The examiner's word for the register was “unusually legible”. We framed that.”
Three movements.
01
The challenge
An examiner asked how a lending decision had been reached, and the answer took nine days to assemble from four teams. Nothing was wrong; nothing could be shown to be right either.
02
The approach
A model register with risk tiers, owners and review dates the risk team maintains without us, and an audit trail that reconstructs any decision from the data that produced it. The policy set was mapped to the regulation clause by clause.
03
The result
The next examination request was answered in fourteen days end to end, from ninety. The register is now maintained by two people who do not work for us.
The engagement, on paper.
The record
ClientCobalt Bank
SectorFinancial services
ServiceRisk, Governance & Regulation
Year2025
Duration6 weeks
Fee£70–95k, fixed
You leave with 6 weeks
A register with risk tiers your team maintains without us
An audit trail from data to decision
A policy set mapped to the regulation, clause by clause
What Risk, Governance & Regulation hands over, whichever client bought it. This one is the version Cobalt Bank runs now.
Where it sat in the method: stage 02, 8 weeks of the 28.
Risk, Governance & Regulation is stage 02 work. Every engagement opens with the audit whichever stage it lands in, and the roadmap from that audit is what priced this one.
Three more, the same sector first.
Regulatory reporting controls at Solent Water
0
late regulatory submissions in twelve months, from seven
The service behind itP.05
Risk, Governance & Regulation
Model risk, regulatory readiness, controls and audit trails: the governance that lets a regulated firm move, written to be used by your own people and to survive an examiner.
6 weeks · £70–95k, fixed
Next in the register2 of 12
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−23%
unplanned turbine downtime
Energy & utilities
Agree the number before the work starts.
The audit / four weeks
A.01One figure, agreed in writing before any work
A.02£45–65k, fixed, whatever the audit finds
A.03It prices the stage after it, so nothing is bought blind