Governed process orchestration
Provides a single user interface for orchestrating all processes related to financial stress testing, enabling auditability, transparency and repeatability.
A visual user interface and workflow component serve as a central hub for coordinating all technologies and processes related to risk and finance projects, including model selection, scenario specification and template design. An embedded process management capability enables you to define workflows, timelines and approval paths, as well as attach documents and track approvals and comments for each step of the process. There's no need to maintain a separate workflow engine for financial stress testing, IFRS 17 or IFRS 9/CECL, eliminating compatibility issues.
Easy creation of templates for banking balance sheets, income statements and capital plans take the complexity out of integrating risk and finance data. Financial hierarchies are fully integrated into the system, so it's easy to map and aggregate values among different financial hierarchies. Centralized management of reporting and mapping hierarchies streamlines the process of translating financial stress test results into meaningful forecasts and capital plans.
The SAS Risk and Finance Workbench links to other components of the SAS system through a common risk data repository and your institution's model inventory. This ensures financial stress test, IFRS 17, IFRS 9/CECL and supervisory reporting process transparency, auditability and repeatability throughout the financial stress test process across all types of risk – market, credit and liquidity.
A web-based scenario manager enables you to specify, run, edit and store scenarios in a central location. You can interactively specify custom, ad hoc scenarios, as well as import and enrich scenarios provided by regulators. Having a central location for scenario specification and storage facilitates collaboration between finance, treasury and risk, and adds transparency to the scenario generation process.
With filing packages, you can use taxonomies and templates to collect data, run quality checks and prepare information for supervisory reporting. Financial institutions can easily submit reports as part of the FINREP and COREP frameworks required by the European Banking Authority.
Check out some of our other risk management products and solutions.
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