SAS OpRisk Management

SAS OpRisk Management is the complete solution for operational risk management. It includes three principal components:

• SAS Enterprise GRC (earlier – SAS OpRisk Monitor) – contains mechanisms of incident management, assessment and check of processes (assessment, selfassesment), early warning and so forth.
• SAS OpRisk VaR – using a powerful mathematical apparatus of SAS allows to calculate an indicator of Value at Risk on operational risks under different conditions and in different cuts (for example, on business verticals, territorial structure).
• SAS Global Data are the public data on implementation of operational risks which are saved up by SAS which can be used for creation of models at the small number of own data at financial institutions.

The solutions SAS OpRisk Management and SAS Enterprise GRC are implemented more than at 200 financial institutions and the non-financial organizations worldwide: in Barclays, Societe Generale Group, Citigroup, ABN AMRO, PKO (Poland), the Caixa Geral de Depositos group (Portugal), OTP Group (Hungary) and many others.

The solution SAS OpRisk Management is an organic part of a unified integrated environment for management of different types of risks. This solution is aimed at the help to banks upon transition to advanced approach of operational risk management (AMA) according to standards of Basel Committee on Banking Supervision. SAS OpRisk Management allows to carry out the quantitative and quality assessment of operational risks and provides a full stroke of operational risk management – from registration of incidents and management with them, carrying out a samoomootsenok of risks and kontroly, interactions with audit – before measure calculation of "Value at Risk" (VAR) and the reserved capital under an operational risk.