The New Age of Risk Analytics

Hear from Dr. Donald van Deventer, Managing Director--Risk Research and Quantitative Solutions @ SAS, as we discuss the impact of current market trends on asset liability management.

With a possible recession looming and inflation near its highest levels since the 1980s, navigating around balance sheet issues remains complex. In this first of a series of podcasts on asset and liability management (ALM) featuring academic and industry experts, we will tackle the following topics:

·       The current regulatory and marketplace-driven challenges for risk analytics

·         How to handle term structure modeling in times of rising interest rates and inverted yield curves
Requirements for quantitative approaches in ALM in the current environment

Today we speak with Luis Jesus - Global Solution Lead, Regulatory Capital Management, Risk Research and Quantitative Solutions Division, SAS and Luís Filipe Barbosa, Leader of European Risk Modelling & RWA initiative, PwC Portugal on Basel IV and the future of regulation. 

 

For further perspectives - see:

Seven trends that will transform banking and how technology and analytics can help

Advanced analytics and big data are enabling smarter decisions and more efficient processes, from credit to compliance and risk management. Still, there is a mismatch between the industry’s taste for tech and its bottom line performance. Few banks have found the right combination of technology and business processes to make innovation pay.

 

This paper - written by Boston Consulting Group (BCG) and SAS - describes seven trends that are likely to define how the industry evolves over the coming years.

 

About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

 

We spoke with Rutang Thanawalla, Director, Risk Advisory, Deloitte about the ever evolving role of stress testing. 

For more information on this topic,  please see Comprehensive Enterprise Stress-Testing Solutions - A portfolio for efficiently managing regulatory and internal stress-test programs

• About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

Today, we speak again with David Anderson, Advisory Director from KPMG, for an update on Current Expected Credit Losses, also known as CECL.

For more information on this topic, please see - Preparing Finance Organizations for CECL and IFRS 9 Compliance: A Joint Solution from KPMG and SAS

 

About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

Today we speak with Vikas Deep Sharma, Executive Director, EY and Ivy Tan, EY Senior Manager, specializing in IFRS 9 and Credit Risk for the Financial Services Sector, on the subject of Credit Risk Modeling and Decisioning. 

 

For more insights on this topic, click here. 

White Paper

6 Keys to Credit Risk Modeling for the Digital Age

The emerging role of machine learning and alternative data in credit decision making

 

About this paper

Does your organization want to make faster and more accurate credit decisions for both origination and servicing? Modernizing and automating the end-to-end process – from data management to model development and credit decisions – can reduce credit losses and boost performance. Empowering this process with machine learning supports more effective decisions about credit for individuals, products or portfolios.

 

About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence.

SAS gives you THE POWER TO KNOW®.

Welcome back to the New Age of Risk Analytics. Troy Haines, SVP, Head of Risk Research & Quantitative Solutions at SAS talked with us about his work, the overall risk landscape and how it all impacts a risk manager’s career.

 

Learn more on this topic: Click Here for E-book.

 

E-BOOK

Adapting to the New Age of Risk Analytics

Integrating Finance and Risk

 

About this e-book

Rapid advancements in technology are leading to a new age of risk analytics. The availability of commercial and open source software – coupled with significantly improved integration using industry standard tools – has made analytics more user friendly, expanding its reach to a broader range of business professionals.

 

To compete in this new environment, effective risk management requires more timely access to enterprisewide data, ever increasing operational efficiencies and deeper analytics. Traditional financial institutions must adapt or risk extinction. This ebook offers three tranformational strategies for more integrated, holistic risk management.

 

About SAS

SAS is the leader in analytics. Through innovative analytics, business intelligence and data management software and services, SAS helps customers at more than 80,000 sites make better decisions faster. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW®.

 

 

For the second half of our focus on Model Risk Management, we spoke with Tomasz Mostowski and Luther Klein from Accenture about the impacts of artificial intelligence and machine learning on model governance.

 

Learn more about the rigorous governance practices machine learning models require.

We spoke with Model Risk Management expert Sonia Sodhi at the SAS Global Forum on What is a Model? and more. 

 

To view Sonia's slides and audio and all other SAS Global Forum presentations, register here. 

At the SAS Global Forum, we caught up with Valeria Sica, Managing Director, Head of Global Trade Services and Jake Jacobson, Technology Advisory Partner, EY about how they are using AI to digitize compliance.  

 

Celent recognized Citi as the Model Bank of the Year 2019 award winner for "eight cash management and payments initiatives by Citi’s Treasury and Trade Solutions Group which demonstrate how Citi is embracing change and differentiating with digital."

The new insurance accounting standard, IFRS 17, has broader implications then might be realized. David Anderson, Advisory Director, Risk Consulting at KPMG US and Bryce Ehrhardt, Director, Accounting Advisory Services at KPMG US discuss the standard and its implications and value add opportunities. 

 

Insurers: Are You Ready for IFRS 17?

The January 2022 compliance deadline seems a long way out, but savvy insurers are acting now. Find out why, and the top 10 things to look for in an IFRS 17 solution.

CLICK HERE for the white paper. 

 

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.