Automated Validation of Risk Reports
SEER

Independent, automated validation of regulatory risk reports — sitting between production and sign-off, every cycle, without exception.

How It Works Enquire
3
Artefacts per cycle
CBI
Regulatory framework
0
Exceptions missed
The Problem

Risk reports are reviewed.
They are not validated.

In most ManCos, the same team that produces a report is the team that reviews it. That is not independent oversight — it is a second read. SEER exists to close that gap.

01
Production and review are not separated
The analyst who builds the liquidity report is often the analyst who checks it before it goes to the DP or board. Genuine independence requires a layer that was not involved in production.
02
Manual checks are inconsistent across cycles
Threshold checks, prior period comparisons, and regulatory limit monitoring are applied differently depending on who is doing the review, under what time pressure, on which reporting cycle.
03
Exceptions are found late — or not at all
Breaches and anomalies that should be caught before sign-off surface after board pack distribution, after CBI submission, or not until the next cycle. The control log is completed retrospectively.
04
No documented audit trail of the validation step
Even where review happens, it leaves no structured evidence. The CBI expects to see a documented control framework. A reviewer's signature is not the same as a validated, timestamped control log.
How It Works

One report. One cycle.
Three artefacts.

SEER sits between report production and sign-off. For every report, every cycle, it runs a structured validation and returns three artefacts to the ManCo before the report proceeds to board or regulator.

Step 01
📥
Report Received
The draft report is submitted to SEER at the end of the production cycle — before DP sign-off, before board circulation, before CBI submission.
Step 02
⚙️
Automated Validation
SEER runs a structured validation: regulatory threshold checks, prior period comparisons, data completeness, limit monitoring, and anomaly detection. Fully automated. No manual intervention.
Step 03
📄
Three Artefacts Returned
Within the agreed turnaround window, three structured documents are returned to the ManCo. The report may proceed to sign-off only after SEER validation is complete.
Output Artefacts
Artefact 01
Validated Report
The original report with SEER validation status appended. Clean pass or flagged exceptions clearly marked. Suitable for DP sign-off and board distribution.
Artefact 02
Exceptions-Only Summary
A concise document listing only the items that failed validation — threshold breaches, anomalies, data gaps, prior period deviations. One page where possible. Actionable immediately.
Artefact 03
Control Log
A timestamped, structured record of every check run, every result returned, and every exception identified. Designed to satisfy CBI documentation requirements for the validation control step.
Report Coverage

Built for the reports
that carry the most risk.

SEER's initial validation framework covers the two report types that carry the highest regulatory and reputational risk for Irish ManCos — with further coverage in development.

Coverage 01 — Live
Liquidity Risk Reports
Monthly asset and liability liquidity reporting is one of the most data-intensive and error-prone processes in the ManCo risk function. SEER validates against regulatory limits, fund-specific thresholds, and prior period benchmarks.
  • Asset liquidity bucket classification validation
  • Liability redemption profile checks
  • Regulatory limit monitoring (UCITS & AIF)
  • Prior period deviation flagging
  • Data completeness and integrity checks
  • CBI liquidity framework alignment
Coverage 02 — Live
Annex IV Submissions
Quarterly Annex IV reporting to the CBI under AIFMD is one of the most technically complex regulatory submissions a ManCo produces. Errors in Annex IV carry direct regulatory consequences. SEER validates before submission.
  • Data field completeness and format validation
  • Prior quarter comparison and variance flags
  • Regulatory threshold checks per fund category
  • Leverage ratio calculation verification
  • Risk metric consistency across funds
  • Submission-ready validation certificate
Why SEER

Built from the inside.

SEER was designed by a practising fund risk professional working inside an Irish ManCo — not by consultants observing the process from outside. That distinction matters.

🎯
Domain-native
The validation logic was built by someone who runs these reports, challenges these figures, and signs off these submissions — not by a software team approximating what the process looks like.
⚖️
Regulatory precision
Every check maps to a specific CBI obligation, UCITS requirement, or AIFMD provision. SEER does not run generic data quality checks — it runs the checks the regulator would run.
🔒
Independence by design
SEER has no involvement in report production. That structural independence is the point — it is the layer the production team cannot provide for itself, however experienced they are.
📋
Audit-ready output
Every validation produces a timestamped, structured control log designed to satisfy CBI documentation requirements. Not a reviewer note — a proper control record.
⚡
No disruption to workflow
SEER operates within your existing reporting cycle. The ManCo submits the draft report, SEER validates, artefacts are returned. No system integration required. No change to your process.
🔍
Consistent across cycles
Automated validation runs the same checks every cycle without variation. No time pressure, no familiarity bias, no end-of-quarter shortcuts. The same rigour in month one as in month thirty-six.
Regulatory Context

The CBI expects documented
validation. SEER provides it.

CBI Supervisory Framework — ManCo Obligations
The Central Bank of Ireland's supervisory approach to UCITS Management Companies and AIFMs requires documented evidence of the risk management and oversight process — not just the output of that process. A validated report that reaches the board or the regulator is expected to have passed through a documented control framework. That framework needs to be independent of the team that produced the report. SEER is designed precisely to satisfy this expectation — producing a timestamped control log for every validation, every cycle.
UCITS Management Companies AIFMD CBI Supervisory Framework Annex IV Liquidity Risk Framework Fund Governance PCF Oversight
Get in Touch
Interested in SEER for your ManCo?
SEER is currently working with a small number of Irish ManCos on a pilot basis. If you are responsible for fund risk reporting and want to understand how SEER would work within your reporting cycle, get in touch.
Stage Early stage — pilot engagements
Coverage Irish ManCos — UCITS & AIF
Report types Liquidity risk · Annex IV
Email hello@seer.ie
Start a conversation
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