Create a risk-aware culture in order to identify potential issues before they become costly problems. Improve capital management and ensure that capital reserves accurately reflect the risk profile. Generate bigger profits by pricing financial instruments strategically. SAS helps you identify, calculate, analyze and manage risk across the enterprise by infusing sound risk management practices into every aspect of daily business, so you can: Reduce losses by adding more control over actions. The question lies in how to best balance that risk against the potential for reward. Enhance Your Financial Performance Risk is an integral part of the process of generating favorable returns for shareholders. Gain a Holistic View of Risk SAS solutions for enterprise risk management give you a current, credible understanding of the risks unique to your organization across a broad spectrum that includes all types of risk (credit, operational, market, liquidity, counterparty, etc.), lines of business and other key dimensions. It entails embedding risk management into everyday processes, business strategies, products and services at all levels of the organization. Enterprise risk management (ERM) is about more than balancing risk and reward, and it goes beyond regulatory compliance. There s a lot of talk these days about adopting an enterprise risk management strategy, but often little understanding about what that really means. How SAS Can Help Technology, business and the world in general have evolved over the years, and risk management must also evolve. Provide assurance to key audiences by delivering auditable data and results, validated processes and models, and end-to-end operational transparency. Cut operating expenses by eliminating redundancy and fostering collaboration across business units. Seize opportunities to enhance revenue and achieve or exceed financial performance targets. Be proactive by identifying problems prior to control failures and having a plan of action for risk mitigation. Get early warning about issues and threats via key indicators, macro trending, critical control testing and self-examination. Ensure that executives have access to timely risk information at the level of detail they require from high-level information on overall exposures all the way to granular, drill-down details. Reduce your time to and cost of compliance by effectively and efficiently managing all types of risk across the institution, while lowering associated costs.ΔΆ It s about embedding risk management into every aspect of your organization Key Benefits Gain a holistic view of risk exposures and promote a unified approach to and understanding of risk by distributing risk and compliance information based on common data to users and stakeholders across the organization. Enhance your financial performance by reducing losses, improving capital management and building a riskaware culture throughout the organization. With enterprise risk management software from SAS, you can: Gain a holistic view of risk supported by a single, detailed data layer the most powerful analytics available userfriendly, self-service reporting and a transparent environment that lets you trace results back to their origin. SAS offers an extensive suite of enterprise risk management solutions, proven methodologies and best practices built on more than 36 years of experience with leading financial institutions around the world. Despite these truths, most institutions are not at all sure how to go about managing risk effectively. And institutions that cannot or will not provide such a view will be penalized. The market requires an overall view of an institution s risk. To navigate the market safely, particularly in times of high volatility, financial institutions need to see both a granular and a big-picture view of risk exposures. Firms need both a detailed and broader view of exposures. Being prepared for likely as well as unlikely, but possible events can make all the difference in how (or if) a firm survives a crisis. This is true across all exposures and risk types, as well as across organizations and markets. Continued global economic instability stemming from the financial crisis that began in 2007 has highlighted a few key truths about risk management: Risks are interconnected. While financial institutions have always engaged in some form of risk management, there is growing pressure on risk management departments due to a variety of factors, including ongoing economic volatility, increasing regulations and innovative financial engineering. 1 SOLUTION OVERVIEW SAS Solutions for Enterprise Risk Management A holistic view of risk of risk and exposures for better risk management Overview The principal goal of any financial institution is to generate revenue, and every business decision made in support of that goal comes with associated risks.
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