Identify, measure, monitor, control and report operational risks throughout your organisation
For the financial services industry, risk has always been an inherent part of doing business. But in recent years, corporate wrongdoing, market uncertainty and turbulent capital markets have put the dangers of risk – and the consequences of poorly managing it – in the spotlight. The continuing explosion in transaction volumes and the demand for automation and speed have escalated the cost of risk. So has an emerging regulatory climate that demands new levels of control and visibility into risk – and holds your board and executive team personally accountable for it.
Yet in the face of these pressures, many financial institutions still operate under a silo approach in which business units maintain their own data, analytics and assumptions for risk management – frequently inconsistently. Even if they could be consistently applied across the enterprise, traditional risk systems aren't equipped to capture complex interdependencies among a multitude of risk factors that span geographies, departments and lines of business. As a result, organisations often end up chasing "phantom" risks that either aren't likely or aren't detrimental – while overlooking insidious and preventable losses.
Doing business is inherently risky. Understanding and controlling that risk shouldn't be.
SAS recognises the growing need for financial institutions to measure and manage operational risk in a scientific way – not just for regulatory compliance purposes, but also for making sound business decisions. Developed on the premise that risk can be statistically modeled, just as market and credit risk have been, SAS OpRisk Management is an end-to-end solution built on the industry-leading SAS Intelligence Platform. Three key components comprise SAS OpRisk Management:
These components equip financial institutions with the tools needed to measure and manage operational risk in conformity with industry best practices and the New Basel Accord (Basel II). In alignment with the approaches used by top-tier risk advisory firms, SAS OpRisk Management enables financial institutions to:
With powerful data management, analytics and regulatory reporting and disclosure capabilities, SAS OpRisk Management helps you optimise capital allocation while mitigating risks in all areas of your organisation.
Interested in SAS Risk Management Software? Click here to request for more information.