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Model Risk Management with SAS [electronic resource].

Published
Cary, NC : SAS Institute, 2020.
Physical Description
1 online resource (102 pages)
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Contents
Intro -- Contents -- About This Book -- What Does This Book Cover? -- Is This Book for You? -- What Are the Prerequisites for This Book? -- What Should You Know about the Examples? -- Software Used to Develop the Book's Content -- We Want to Hear from You -- Introduction to SAS Model Risk Management -- Overview -- Regulatory Environment -- Design Principles -- Table 1.1: SAS Model Risk Management Design Principles -- Figure 1.1: MRM Architecture -- Example -- Model Risk Dashboard -- Figure 1.2: Model Risk Dashboard -- Figure 1.3: Model Risk Matrix -- Figure 1.4: % Undocumented Models, Figure 1.5: Dashboard Filtered by Business Unit -- Model Governance Overview Dashboard -- Figure 1.6: Model Governance Overview Dashboard -- Figure 1.7: Summary of Changes to the Model Inventory -- Figure 1.8: Model Inventory -- Figure 1.9: Model Detail -- Operational Environment -- Figure 1.10: Operational Environment -- Figure 1.11: Related Models -- Figure 1.12: Workflow -- Summary -- Model Life Cycle -- Overview -- Figure 2.1: Model Life Cycle -- SAS Model Risk Management -- Figure 2.2: Three Lines of Risk Management Defense -- Key Concepts -- Objects -- Table 2.1: Business Object Examples, Figure 2.3: Business Objects -- Links -- Dimensions -- Users, Roles, and Positions -- Figure 2.4: User, Role, and Position -- Data Loader -- Table 2.2: Types of Data -- Practice: User Interface Tour -- Practice: Solutions -- Model Onboarding -- Model Candidate Assessment -- Model Assessment -- Figure 3.1: Model Inventory Process -- Demo 3.1: Viewing the Model Candidate Assessment -- Non-Model (Tools) Assessment -- Figure 3.2: Non-Model Inventory Process -- Demo 3.2: Viewing the Non-Model (Tools) -- Model Inventory -- Figure 3.3: Model Inventory Process -- Demo 3.3: Viewing the Model Inventory, Model Data Sources -- Model Variables -- Model Review, Findings, and Action -- Model Review -- Figure 4.1: Model Review Process -- Demo 4.1: Processing a Model Review -- Model Monitoring -- Figure 4.2: Model Risk Management Technical Design for Model Monitoring -- Findings and Actions -- Figure 4.3: Findings and Action Plan Process -- Demo 4.2: The Finding and Action Plan Process -- Model Risk Assessment and Attestation -- Model Risk Assessment -- Model Risk Assessment Process -- Figure 5.1: Risk Tier Determination -- Figure 5.2: Inherent Risk Score -- Figure 5.3: Residual Risk Score, and Demo 5.1: Perform a Model Risk Assessment -- TRIM (Targeted Review of Internal Models) -- Figure 5.4: TRIM Process -- Model Inventory Attestation -- Figure 5.5: Inventory Attestation Process -- Model Usage and Change Management -- Model Usage -- Figure 6.1: Model Usage Process -- Model Change Management -- Figure 6.2: Change Management Process -- Policy Exceptions -- Figure 6.3: Model Risk Management Life Cycle -- Figure 6.4: Policy Exception Process -- Additional Topics -- Correspondence -- Figure 7.1: Correspondence Process -- Demo 7.1: Using Correspondence -- Dashboards for Management Reports
Summary
Cut through the complexity of model risk management with a guide to solutions from SAS! There is an increasing demand for more model governance and model risk awareness. At the same time, high-performing models are expected to be deployed faster than ever. SAS Model Risk Management is a user-friendly, web-based application that facilitates the capture and life cycle management of statistical model-related information. It enables all stakeholders in the model life cycle - developers, validators, internal audit, and management - to get overview reports as well as detailed information in one cent.
Subject(s)
Genre(s)
ISBN
9781970170641
1970170646
1970170654 (electronic bk.)
9781970170658 (electronic bk.)
Note
Description based upon print version of record.
Figure 7.2: Model Life Cycle Governance
View MARC record | catkey: 37454897