Man working with SAS Risk and Finance Workbench on desktop computer

SAS® RISK AND FINANCE WORKBENCH

Centrally manage multidepartmental risk and finance processes.

A centralized, web-based environment for reviewing and executing models; specifying scenarios; consolidating results into balance sheets, financial statements and capital plans; and generating internal and external reports.

Governed process orchestration

Provides a single user interface for orchestrating all processes related to financial stress testing, enabling auditability, transparency and repeatability.

Model execution

Lets you design, integrate and execute risk and finance models, with optional business assumption for what-if analysis.

Scenario specification and enrichment

Centralizes scenario specification and storage for collaboration among finance, treasury and risk, and stress testing process consistency.

Risk and finance integration

Streamlines translation of financial stress test results into meaningful forecasts and capital plans.

Results consolidation

Maps quantitative stress testing results to the models that create projected balance sheets, income statements and capital plans. Fully integrated financial hierarchies facilitate mapping and aggregating values between risk and finance hierarchies, and hierarchies between various regulatory reports.

Filling packages 

Delivers content for supervisory reporting preparation with data collection, report templates, validation rules and submission file generation.

Orchestrate all aspects of financial stress testing and credit loss reserving processes, and consolidate results from various systems.

SAS Risk and Finance Workbench visual interface shown on desktop monitor

Coordinate processes for stress testing, the new standard for insurance contracts, and credit loss reserving – start to finish.

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.

Quickly integrate risk and finance data.

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.

SAS Risk and Finance Workbench showing floating rate drilldown on desktop monitor
SAS Risk and Finance Workbench showing test model on desktop monitor

Ensure transparency, auditability and repeatability.

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.

Specify custom financial stress test scenarios.

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.

SAS Risk and Finance Workbench showing scenarios on desktop monitor
SAS Risk and Finance Workbench showing drilldown sample on desktop monitor

Prepare data for reporting, and stay in compliance.

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.

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