SAS Institute Inc.- Global

Support better models with enhanced model risk management. Gain clear, enterprise-level oversight throughout the model life cycle, keeping executive management and regulators informed on model status across all risk categories and gaining valuable insights for precise risk-reward decisions.

SAS® Model Risk Management (MRM) is the leading solution for comprehensive model risk lifecycle governance. SAS allows firms to organize a centralized model inventory that supports automated documentation, performance and assumption monitoring, model validation and risk assessments, attestations, model/data interdependence relationships, and flexible reporting. The MRM solution enables firms to import attributes and metadata from any model developed in any technology into the model inventory. MRM also allows you to classify and report on models by lineage, business unit, model owner, or customized factors to meet your firm’s needs.

By increasing automation, focusing resources on the most critical models, and applying consistent model governance throughout the model lifecycle, firms can achieve a more efficient, agile response to regulators. Assessments by McKinsey and client experiences have shown potential model governance cost savings of 20% to 30%. Accelerated, well-governed model lifecycle management forms the foundation for optimized decision-making, including capital planning. The ability to develop and operationalize models more efficiently reduces time to market for new or revised products linked to these models, improving returns on capital and providing a competitive edge.

SAS® Model Risk Management

by SAS Institute Inc.