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Operational risk management

With Basel II embedded within retail banking processes, the need to identify, measure, control and mitigate operational risk is well understood. Nevertheless, it's surprising just how many banks still fail to take a holistic approach to this activity - and therefore leave themselves severely exposed.

Daily operational pressures mean that whilst each department performs its own risk management activities, efforts are often not coordinated. Different metrics, report methods and systems make it impossible to understand overall business exposure. The result? Banks may be over-exposed or reserving surplus capital to cover anticipated losses, and seriously damaging their profitability.



How SAS Can Help

SAS® OpRisk Management is a single, centralised system for identifying, collecting, measuring, monitoring, analysing and reporting risk exposure across an organisation. It enables banks to not only manage operational risk more effectively, but to optimise capital allocations and reduce operational losses.

Through SAS OpRisk Management, your business can:

  • Create an organisation-wide culture of risk management, through a systematic framework for capturing risk factors and relationships
  • Assess risk exposures and impacts across the business, eradicating siloed working
  • React to risk exposure faster and more proactively, sharing scorecarding, notification and reports across the business
  • Optimise allocation of capital reserves to protect valuable profits
  • Comply with regulatory requirements including Basel II

Solution

The SAS OpRisk Management solution comprises three elements:

  • SAS® OpRisk Monitor, a web-based application that collects, manages, tracks and reports information about operational loss events, key risk indicators, risk-assessment maps and control-assessment scores
  • SAS® OpRisk VaR, a sophisticated yet user-friendly analytic Value at Risk model that enables users to dissect, drill-down, adjust, trend and plot operational loss data, following a fully transparent, intuitive and sequential process
  • SAS® OpRisk Global Data, a comprehensive database of external loss data that enriches the statistical sample used for modelling
 

Ready to learn more?

Call us at 01628 486 933 (UK) or request more information.

 

 

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Whitepaper

SAS can support current requirements for risk management and evolve to handle future requirements. Find out how.