CoComply · Module 3
Governance
& Compliance
The obligation-to-control backbone — regulation, policy, process, and control as one continuous chain.
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Purpose
An integrated operating layer, not scattered artifacts
CoComply connects regulatory expectations, internal policies, business processes, control enforcement, and audit assurance — so an examiner's question at any level can be answered from the level below.
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Workspace Overview
Four core components
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Regulatory Intelligence
Applicable frameworks with readiness scoring and control-mapping coverage.
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Policies & Standards
The internal rulebook with ownership, cadence, and policy-to-control linkage.
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Process Library
Where controls attach across critical data flows, and who is accountable.
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Control Library
The enforcement layer — where audit scrutiny lands and defensibility is proven.
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Component 1 · Regulatory Intelligence
“Where do we stand against our obligations?”
- Summary metrics: total frameworks, controls mapped %, average readiness, up-to-date coverage, upcoming reviews.
- Framework-level readiness for OCC, BCBS 239, SOX, GDPR and more.
- Review frameworks below target and track upcoming review requirements.
- Matters most at exams, audit prep, risk-committee reporting, and new-regulation impact analysis.
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Component 2 · Policies & Standards
External regulation → internal enforceable policy
- Review active policies and confirm ownership.
- Validate policy-to-control linkage and monitor coverage gaps.
- Ensures consistent interpretation and a clear accountability model.
- Delivers defensible control design and reduced regulatory ambiguity.
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Component 3 · Process Library
Where governance is embedded in workflows
- Maps business & technical processes that implement controls.
- Shows where controls operate, what's in scope, and coverage gaps.
- Prioritize processes supporting regulatory reporting, financial reporting, customer data, and risk aggregation.
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Component 4 · Control Library
The enforcement layer
- Houses the controls that mitigate risk, enforce policy, and produce audit evidence.
- Assess design vs. operational effectiveness and validate ownership.
- Confirm evidence linkage and identify control gaps.
- Regulators evaluate not the policy — but whether controls are effective and evidenced.
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How It Fits Together
One continuous chain
Regulatory IntelligenceObligation awareness
↓
Policies & StandardsInternal commitment
↓
Process LibraryOperational embedding
↓
Control LibraryRisk enforcement
↓
Evidence & CertificationDefensibility (downstream)
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Hands-On Exercise
Walk the obligation-to-control chain
- Expand Governance & Compliance from the left navigation.
- Open Regulatory Intelligence and identify the lowest-readiness framework.
- Review policy coverage in Policies & Standards.
- Inspect a critical process, then check control effectiveness in the Control Library.
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Key Takeaway
An end-to-end operating model, not a document repository
Used well, Governance & Compliance maintains continuous regulatory awareness, enforces policy through controls, demonstrates audit readiness, and reduces compliance ambiguity.
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