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Overcoming Model Risk in Your Financial Organisation

Model risk refers to the hazardous business consequences that could occur due to poor model output, potentially down to model degradation, or out-of-date information, over time.

Particularly within the financial industry, models play an essential role in ensuring your business remains efficient, compliant and successful. Whilst you may already have an existing solution in place to address such issues, with the growing volume of data in the industry and ever-more stringent regulation, it’s no longer about having a solution, it’s about having the best solution. Consider DFAST, BCBS 239, CCAR, Solvency II, Basel III and all that they command…

SAS Model Risk Management

SAS Model Risk Management has been developed to ensure financial organisations can effectively follow process, measure risk associated with its models, measure compliance and analyse business strategies.

Which organisations does it support?

This solution is ideal for any financial organisation that handles a large volume of data and needs insight regarding exactly how its modelling is being managed. It allows businesses to develop a fully integrated framework enabling:

  • Reduced cost of regulatory compliance
  • Better models providing more valuable information
  • Quick set-up
  • Easy sharing of insight organisation-wide.

Want to see how Model Risk Management can support businesses in practice?

Manage model risk across the model lifecycle: Discover Financial Services case study

Amadeus is recognised as a leading SAS partner for risk solutions. To introduce this new, business-critical risk management solution within your organisation, speak to our expert team today.

For more information on risk and governance in the financial sector, click here.