Growing OSFI expectations
Increasing complexity in meeting expectations on technology and cyber risk (B-13), operational resilience and third-party risk management (B-10).
IT governance, risk and compliance · Financial services
Meet regulatory expectations without slowing your platforms down.
Monessor designs and validates IT governance frameworks aligned with OSFI guidelines (third-party risk management, B-10; technology and cyber risk management, B-13; model risk management, E-23) for growing financial institutions and FinTechs.
Where traditional governance holds execution back
The illusion of “paper” compliance
Policies written for auditors but disconnected from the code that teams and cloud providers actually run in production.
Model risk and AI (E-23)
Governing algorithms and automated decision models without slowing down digital product development.
Friction between risk and delivery
Heavy approval committees that stretch time to market and create tension between risk, compliance and product teams.
Starting point
IT Governance and OSFI Compliance Review
A 3-to-4-week engagement to assess your technology compliance, identify third-party gaps and deliver a remediation matrix your risk and audit committee can act on directly.
Fixed-scope engagement, pricing on request.
Gap analysis (B-10 and B-13)
A concrete assessment of how your infrastructure and policies align with OSFI expectations.
Third-party risk assessment
Critical technology dependencies, vendor contracts and business continuity plans.
Model risk management framework (E-23)
Architecture guardrails and explainability mechanisms for using models and AI in a regulated setting.
Remediation matrix and action plan
A roadmap prioritized by risk level, to meet the expectations of auditors and regulators.
Expertise for high-risk environments
01
Compliance by design
Regulatory constraints built directly into deployment pipelines (CI/CD) and cloud architectures, without slowing developers down.
02
Support during audits
Alongside leadership during internal and external audits and regulatory examinations.
03
Model governance and responsible AI
Governing the life cycle of predictive and generative models to keep them auditable and secure.
Related insights
Regulated finance
The Illusion of Risk-Free Innovation in Financial Services: Why Governance Shouldn’t Be the Enemy of Speed
Why traditional governance bottlenecks innovation in capital markets and how to modernize risk management through architectural guardrails.
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SMEsRegulated finance
The Replatforming Fable: Why System Modernization Is a Business Trade-off, Not Just an Engineering Decision
Strategic analysis on legacy system modernization: the trade-off between technical code conversion and business process re-engineering, and functional debt management.
· 5 min read
Engineering rigour, not just a legal opinion.
Monessor is neither a law firm nor an accounting audit firm. It combines a deep understanding of OSFI expectations with software architecture expertise to make your systems genuinely compliant in practice, not only on paper.
Every engagement is led personally by Alex Turcotte, Managing Partner. When an engagement calls for highly specialized expertise, Monessor brings in a specialist from its network.
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