Managing Controls & Frameworks
Stand: 25.05.2025
Overview
One of the key responsibilities of the second line of defense in risk management is to oversee and manage controls and frameworks within the system. The Grace platform provides robust customization capabilities that support this function effectively. This guide walks you through the steps to manage these elements using the Governance Master Data settings in Grace.
Accessing Governance Master Data
To begin managing controls and frameworks, follow these steps:
-
Navigate to the Left Panel
On the main interface, locate the left-hand navigation panel. Look for the Governance Master Data section. -
Check Your Permissions
Ensure you have the appropriate user rights. If permissions are granted, the Governance Master Data option will be visible and accessible.
Managing Lists
Within Governance Master Data, you can manage Lists, which serve as the foundation for various selection options users interact with across Grace.
Examples of List Usage
-
Registration Processes
- Lists are used during registration of: Use Cases, Systems, Models
Managing Controls
You can directly manage and customize Controls in this section. These controls help in tracking and maintaining compliance and operational procedures throughout the system.
Setting Up Frameworks
Frameworks in Grace are combinations of controls structured to align with regulatory and organizational policies.
Why Use Frameworks?
- Provide a structured approach to control management
- Allow for consistent application of policies across multiple use cases
- Enhance reporting and compliance tracking
Summary
| Feature | Description |
|---|---|
| Lists | Define selection options used across registration and workflows |
| Controls | Manage compliance and operational integrity |
| Frameworks | Group controls into logical, policy-aligned structures |