Shows
GARP Risk PodcastAgenticAI: The Next Frontier in Intelligent Decision-MakingHear from Zeynep Tunc at SAS, who is leading risk management activities across Northern Europe, to learn about AgenticAI, a groundbreaking approach to decision making that interacts dynamically with its environment to achieve specific goals. Key topics: How AgenticAI differs from traditional AI through dynamic environmental interaction The technology behind the revolution: reinforcement learning, decision theory, and cognitive modeling Real-world applications in autonomous vehicles, loan approvals, portfolio management, and collections Critical ethical considerations including transparency, accountability, and bias mitigation Featuring insights from cutting edge research, including a Cambridge University project on self-driving cars, this episode...2025-05-0125 min
GARP Risk PodcastModernizing Risk Management in Today’s Competitive LandscapeJoin Martim Rocha, Global Head of Risk Banking Solutions at SAS, and Luis Jesus, Senior Manager at SAS, as they discuss how financial institutions can transform their risk management to thrive in today's volatile market. Financial organizations today face heightened regulatory scrutiny while contending with siloed, legacy risk systems. But those that embrace AI, cloud, and integration can unlock new levels of efficiency, scalability, and proactive insights. Hear expert strategies for building a future-ready risk ecosystem - one that delivers governance, control, and competitive advantage. Key topics: - Top challenges risk t...2024-12-1828 min
GARP Risk Podcast2025 Trends in Banking: The AI Maturity PivotJoin industry experts Theodora Lau, founder of Unconventional Ventures and co-author of The Metaverse Economy and Beyond Good, and Julie Muckleroy, Global Banking Strategist at SAS as they explore the critical crossroads of AI in banking for 2025. This podcast delves into how banks are shifting from AI hype to strategic implementation, focusing on building foundational elements like data governance and trust. The conversation examines how mature approaches to AI can align investment with board priorities, select strategic use cases, and ultimately deliver meaningful return on investment while navigating complex regulatory landscapes. Key Insights: - Ho...2024-11-2728 min
GARP Risk PodcastReal-time Customer Decisions in the Age of AIHear from Terisa Roberts, Global Head of Risk Modeling and Decisioning at SAS and Sarah Murphy, Principal Director of Accenture Data and AI, as we explore real-time customer decision making and what it means for portfolio monitoring. Thanks to the internet and artificial intelligence, consumers today can make financial decisions through multiple channels, resulting in a new level of competitive pressure for the sector. Financial services firms must make decisions that are not only fast and reliable, but also automated. Real-time customer decisioning plays a pivotal role in achieving these goals throughout the credit value chain, from...2024-08-3022 min
GARP Risk PodcastRisk Resilience: 2024 Trends and Perspectives In this podcast, Julie Muckleroy, Global Banking Strategist from SAS, and Abraham Izquierdo, Managing Director of Trading and Treasury Risks at Grupo Financiero Banorte, explore the top risk management trends for 2024. With the start of 2024, persistent high interest rates and inflation remain key concerns. Adding to these challenges are potential conflict escalation in the Middle East, threats to global shipping lanes, and historically low water levels in Panama, among others. The fallout from the failure of Silicon Valley Bank and the rapid growth of Generative AI are also being analyzed, impacting both smaller financial institutions' b...2024-02-1630 min
GARP Risk PodcastRisk-Based Decisioning in an Age of Uncertainty Part 2In this podcast Zeynep Salman, Head of Risk Decisioning, EMEA at SAS, will explore the top trends and market practices for financial institutions as they adapt to digitizing credit decisioning. We will dive deeply into key success factors for establishing innovative credit customer journeys while achieving successful business outcomes that keep the lending business profitable. We will also discuss how a country’s regulatory requirements and market dynamics can affect the transformation journey. Link from today’s discussion can be found here: The Value of Credit Risk Transformations and the Role of AI 2023-09-0636 min
GARP Risk PodcastRisk-Based Decisioning in an Age of Uncertainty Part 1Is it possible for financial institutions to offer on-demand, superior customer experiences while making risk decisions in near real-time in an increasingly digital and interconnected world? That is the question we’ll explore in this podcast featuring Terisa Roberts, Global Solution Lead, Risk Modeling and Decisioning at SAS, and Bruce Erb, Director – Credit Risk Consulting, KPMG. Traditional financial institutions are encountering additional hurdles, including fierce competition from agile newcomers, new regulatory demands for operational resiliency, and increased technology risk. In an age of digital lending driven by artificial intelligence, what are modern financial institutions doing differently to rema...2023-08-2333 min
GARP Risk PodcastBehind the Balance Sheet Part 1: Integrated Balance Sheet Management in the Current Banking Climate Hear from Dr. Donald van Deventer, Managing Director--Risk Research and Quantitative Solutions at SAS, and Professor Robert Jarrow of Cornell University’s SC Johnson College of Business as we continue our discussion of the current banking climate as it relates to integrated balance sheet management — and specifically asset and liability management (ALM). This special two-part podcast series will explore conditions under which a bank is at risk of a “run” by looking internally at their assets and liabilities. We will also consider how to model simulations to project when assets will become negative relative to liabilities and determin...2023-04-2021 min
GARP Risk PodcastBehind the Balance Sheet Part 2: Integrated Balance Sheet Management in the Current Banking Climate Welcome back for the conclusion of this special two-part podcast series featuring Dr. Donald van Deventer, Managing Director--Risk Research and Quantitative Solutions at SAS, and Professor Robert Jarrow of Cornell University’s SC Johnson College of Business. We continue the discussion of the current banking climate as it relates to integrated balance sheet management — and specifically asset and liability management (ALM). Part two of this series will tackle the following topics: A further exploration of non-maturity demand deposit runoff Deeper understanding of the estimated default probabilities for a bank that funds investments in Treasury securities with depo...2023-04-2022 min
GARP Risk Podcast2023 Market Trends: How Will They Impact ALM Efforts?Hear from Dr. Donald van Deventer, Managing Director--Risk Research and Quantitative Solutions @ SAS, as we discuss the impact of current market trends on asset liability management With a possible recession looming and inflation near its highest levels since the 1980s, navigating around balance sheet issues remains complex. In this first of a series of podcasts on asset and liability management (ALM) featuring academic and industry experts, we will tackle the following topics: · The current regulatory and marketplace-driven challenges for risk analytics · How to handle term structure modeling in times of rising interest rates and inverted yield...2023-02-0923 min
GARP Risk PodcastThe Next Frontier: Addressing Climate Risk’s Biggest Analytical Challenges With AIIn the financial services industry, risks related to climate change are now considered major, resulting in all firms assessing how to incorporate climate risk in financial decision making. As we find ourselves in the decisive decade, there is an urgency for financial services to not only better manage the financial and non-financial risks of climate change but also lead the way in sustainable finance. The scale and complexity of the problem demand new thinking and new technologies that will integrate well with existing risk management ecosystems. In this episode, we’ll explore how AI and advanced analytics ca...2021-12-1322 min
GARP Risk PodcastAddressing Bias and Fairness in AI SystemsIn this episode, we will continue with part three of a four-part series looking at Responsible AI (Listen to part one: Alternative Data in Risk Modeling and part two: Explainable/Interpretable AI). “Fairness in AI” is getting a lot of attention, especially related to credit decisioning, not only for onboarding but throughout the credit lifecycle. This episode explores the intersection of fairness and trust, demonstrates why defining - much less ensuring - fairness is more difficult than it sounds, and provides strategies organizations can use to enable fair and trustworthy AI. Learn More: From Crisis to O...2021-11-0129 min
GARP Risk PodcastExplainable/Interpretable AIIn this episode, we will continue with part two of a four-part series looking at Responsible AI (Listen to part one: Alternative Data in Risk Modeling). One of the major challenges with effectively developing, deploying, and managing AI systems are often related to the “black box” nature of the model. Specifically, the complexity and non-linear nature of variables in some black-box AI models may be difficult to explain or understand. This includes explainability of the model logic as well as the individual decisions made by the model. In addition, the relative lack of transparency challenges model development and...2021-10-0430 min
GARP Risk PodcastAlternative Data in Risk ModelingIn this episode, we begin a four part series looking at Responsible AI by looking at Alternative Data in risk Modeling. Over the course of the coming months we will also look at Explainable / Interpretable AI, Fairness and Bias in AI, and the new frontier of climate models. Survey Says: Risk management key to resiliency in 2021 and beyond; click her to learn more and read the full report. To view GARP's DE&I webcast, "Risk Modeling to Further Diversity and Inclusion", mentioned in this episode - click here. Learn More: From Crisis to Op...2021-08-3014 min
GARP Risk PodcastIntegrated balance sheet management: Why should I put all my eggs in one basketGARP’s Robert Sales leads a roundtable with Randy Ahluwalia, Managing Director, BNY Mellon, Gokce Ozcan, Partner, Oliver Wyman and Wei Chen, FRM, Director, Global Risk Consulting , Risk Research and Quantitative Solutions at SAS on bank asset and liability management, including challenges around the aspiration of industry toward “integrated balance sheet management” as well as how COVID-19 and possible future regulation may impact this area. Over the years, GARP and SAS have worked together to bring risk practitioners unique insights on a variety of topics related to financial risk and have partnered on this episode of our C...2020-12-1429 min
GARP Risk PodcastFrom Respond to Re-imagine - PART 2From Respond to Re-imagine – PART 2: Charting the journey forward for banking and risk management In this episode, we continue our circle back with Naeem Siddiqi, Senior Advisor, Risk and Quantitative Solutions, SAS, to explore the effects of COVID-19 on banks and risk managers, six months out from our previous discussions. GARP’s Robert Sales moderates this two-part discussion with Naeem, who is also joined by Alex Kwiatkowski - Principal Industry Consultant, Global Banking Practice, SAS - to consider the current and potential post-pandemic impact of the coronavirus on credit risk, cyber risk, operational resilience and the banking bus...2020-12-1018 min
GARP Risk PodcastFrom Respond to Re-imagine - PART 1From Respond to Re-imagine – PART 1: Charting the journey forward for banking and risk management In this episode, we circle back with Naeem Siddiqi, Senior Advisor, Risk and Quantitative Solutions, SAS, to explore the effects of COVID-19 on banks and risk managers, six months out from our previous discussions. GARP’s Robert Sales moderates this two-part discussion with Naeem, who is also joined by Alex Kwiatkowski - Principal Industry Consultant, Global Banking Practice, SAS - to consider the current and potential post-pandemic impact of the coronavirus on credit risk, cyber risk, operational resilience and the banking business model. Fo...2020-12-0125 min
GARP Risk PodcastCOVID-19: Implications for BanksClearly, the impacts of COVID-19 on banks globally are unprecedented and requiring huge pivots in a short time. Join us on this podcast where our experts discuss banking challenges, the impacts on balance sheet reporting, relationships with regulators, auditors and investors, what it all means for loan portfolios, the intersections with governments and supervisory authorities, and the implications for CECL during this critical year. For more resources on this issue from SAS - click below: Tackle the New Complexity of IFRS 9 and CECL Standards Banking Analytics Solutions in the age of COVID-19 2020-08-1029 min
GARP Risk PodcastWhat COVID-19 can Teach Companies about Climate RiskCOVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks facing companies. Information about these risks is evolving at a rapid pace. To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts. This week we will be taking a look at the intersection between the COVID-19 crisis and risks around Climate Change. The COVID-19 pandemic has raised a lot of questions about the impact of the lockdowns on t...2020-06-0832 min
GARP Risk PodcastCOVID-19’s Impact on the Leveraged Loan MarketsThe current pandemic is having an enormous impact on the leveraged loan markets which until recently were priced to perfection. Bid-Ask spreads have widened dramatically, and leveraged loan indexes have fallen substantially. One of the biggest areas of concern is over collateralization of CLOs, particularly in the US. We would like to invite you to share your insights into these challenges facing the leveraged loan market and risks facing banks, asset managers and investors. GARP is happy to partner once again with SAS on this episode, which features, David Phillips, CFA, ASA, EA, a Director, L...2020-05-1827 min
GARP Risk PodcastCalculating Credit Risk: The COVID – 19 FactorCOVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks facing companies. Information about these risks is evolving at a rapid pace. To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts. In a suddenly volatile economy, spurred by the coronavirus pandemic, and despite government interventions, bankruptcies and increased defaults will more than likely increase. With new and immature data, produced by this unexpected economic downturn, automated modeling p...2020-05-0430 min
The New Age of Risk AnalyticsBasel IV and the Future of RegulationToday we speak with Luis Jesus - Global Solution Lead, Regulatory Capital Management, Risk Research and Quantitative Solutions Division, SAS and Luís Filipe Barbosa, Leader of European Risk Modelling & RWA initiative, PwC Portugal on Basel IV and the future of regulation. For further perspectives - see: Seven trends that will transform banking and how technology and analytics can help Advanced analytics and big data are enabling smarter decisions and more efficient processes, from credit to compliance and risk management. Still, there is a mismatch between the industry’s taste for tech...2020-02-1024 min
Risk AnalyticsWhat IFRS17 Means for YouUnderstanding the full impact on the organization.
The new insurance accounting standard, IFRS 17, has broader implications then might be realized. David Anderson, Advisory Director, Risk Consulting at KPMG US and Bryce Ehrhardt, Director, Accounting Advisory Services at KPMG US discuss the standard and its implications and value add opportunities.
The January 2022 compliance deadline seems a long way out, but savvy insurers are acting now. Find out why, and the top 10 things to look for in an IFRS 17 solution.
Download: WP "Insurers: Are You Ready for IFRS 17?" https://www.sas.com/gms/redirect.jsp?detail=GMS116863_1613472019-12-2229 minRisk AnalyticsTransforming Trade Finance Compliance Through Machine Learning and Natural Language ProcessingKnocking down financial crime with advanced technology
At the SAS Global Forum, we caught up with Valeria Sica, Managing Director, Head of Global Trade Services and Jake Jacobson, Technology Advisory Partner, EY about how they are using AI to digitize compliance. (https://www.sas.com/gms/redirect.jsp?detail=GMS116861_161345)
Celent recognized Citi as the Model Bank of the Year 2019 award winner for "eight cash management and payments initiatives by Citiís Treasury and Trade Solutions Group which demonstrate how Citi is embracing change and differentiating with digital." (https://www.celent.com/insights/384737214)2019-12-2225 minRisk AnalyticsCredit Risk Modeling and DecisioningTranslating the demographic and financial data of a customer to a creditworthiness metric
Today we speak with Vikas Deep Sharma, Executive Director, EY and Ivy Tan, EY Senior Manager, specializing in IFRS 9 and Credit Risk for the Financial Services Sector, on the subject of Credit Risk Modeling and Decisioning.
For more insights on this topic, read this white paper: 6 Keys to Credit Risk Modeling for the Digital Age
The emerging role of machine learning and alternative data in credit decision making
Download: https://www.sas.com/gms/redirect.jsp?detail=GMS116860_1613442019-12-2231 minRisk AnalyticsAdapting to the New Risk LandscapeIntegrating Finance and Risk
Welcome back to the New Age of Risk Analytics. Rapid advancements in technology are leading to a new age of risk analytics. The availability of commercial and open source software ñ coupled with significantly improved integration using industry standard tools ñ has made analytics more user friendly, expanding its reach to a broader range of business professionals. To compete in this new environment, effective risk management requires more timely access to enterprisewide data, ever increasing operational efficiencies and deeper analytics. Traditional financial institutions must adapt or risk extinction. This ebook offers three tranformational strategies for more integrated, ho...2019-12-2229 minRisk AnalyticsModel risk - Emerging trends, challenges and opportunitiesThe application of model risk management
The application of model risk management is becoming ever more important for banks as the reliance on models to meet regulatory challenges and improve business performance increases.
As banks become more dependent on models for pricing, risk, capital, stress testing and performance optimisation ñ their boards are demanding a clearer view of how much risk these models entail and the implications for the banks financial position.
This podcast provides a critical understanding of opportunities and challenges of MRM across capital planning, balance sheet management and multiple risk exposure and advancing technology to prepare for m...2019-12-211h 02Risk AnalyticsModel Risk Management in the Age of AI and MLThe application of model risk management
Models get more complex, then there's more risk that they will fail at some point. The failure of a model can have substantial effect, financial effect on the organization. So this is part of the operational enterprise risk. For the second half of our focus on Model Risk Management, we spoke with Tomasz Mostowki and Luther Klein from Accenture about the impacts of artificial intelligence and machine learning on model governance.
Whitepaper Machine Learning Model Governance: https://www.sas.com/gms/redirect.jsp?detail=GMS116549_1609102019-12-2125 minRisk AnalyticsWhat is a Model?And other thoughts with Sonia Sodhi
In this episode, we speak with Model Risk Management Expert, Sonia Sodhi. We're talking today about model risk management. Sonia just gave an excellent presentation at the SAS Global Forum. We'd like to share some of the insights from that presentation. Sonia is speaking from the breath of her experience and from her own personal point of view and not for the organization for which she currently run. So what do you mean when you say "model"? How does that differ from just a tool?
Sonia Sodhi: https://www.linkedin.com/in...2019-12-2124 minRisk AnalyticsOperationalizing AI and Risk - Where Banks Stand TodayArtificial Intelligence in Banking and Risk Management
The deployment of AI has been a hot topic in almost all business sectors in recent years - and this is no different for risk professionals. In the financial services industry, especially for regulated activities, how to effectively use AI technologies has been a real question. In December of 2018, GARP and SAS surveyed more than 2,500 risk professionals to see where they stand in their understanding of Artificial Intelligence and their current usages and challenges.
Download the report discussed here:
https://www.sas.com/en/whitepapers/artificial-intelligence-banking-risk-management-110277.html2019-12-1630 min
The New Age of Risk AnalyticsWhat's on the horizon for Stress TestingWe spoke with Rutang Thanawalla, Director, Risk Advisory, Deloitte about the ever evolving role of stress testing. For more information on this topic, please see Comprehensive Enterprise Stress-Testing Solutions - A portfolio for efficiently managing regulatory and internal stress-test programs About SAS SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.2019-12-0631 min
The New Age of Risk AnalyticsAn Update on CECLToday, we speak again with David Anderson, Advisory Director from KPMG, for an update on Current Expected Credit Losses, also known as CECL. For more information on this topic, please see - Preparing Finance Organizations for CECL and IFRS 9 Compliance: A Joint Solution from KPMG and SAS About SAS SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.2019-11-1425 min
The New Age of Risk AnalyticsCredit Risk Modeling and DecisioningToday we speak with Vikas Deep Sharma, Executive Director, EY and Ivy Tan, EY Senior Manager, specializing in IFRS 9 and Credit Risk for the Financial Services Sector, on the subject of Credit Risk Modeling and Decisioning. For more insights on this topic, click here. White Paper 6 Keys to Credit Risk Modeling for the Digital Age The emerging role of machine learning and alternative data in credit decision making About this paper Does your organization want to make faster and more accurate credit decisions for b...2019-09-0331 min
The New Age of Risk AnalyticsAdapting to the New Risk LandscapeWelcome back to the New Age of Risk Analytics. Troy Haines, SVP, Head of Risk Research & Quantitative Solutions at SAS talked with us about his work, the overall risk landscape and how it all impacts a risk manager’s career. Learn more on this topic: Click Here for E-book. E-BOOK Adapting to the New Age of Risk Analytics Integrating Finance and Risk About this e-book Rapid advancements in technology are leading to a new age of risk analytics. The availability of commer...2019-07-2429 min
The New Age of Risk AnalyticsModel Risk Management in the Age of AI and MLFor the second half of our focus on Model Risk Management, we spoke with Tomasz Mostowski and Luther Klein from Accenture about the impacts of artificial intelligence and machine learning on model governance. Learn more about the rigorous governance practices machine learning models require.2019-07-0725 min
The New Age of Risk AnalyticsWhat is a Model? And other thoughts with Sonia SodhiWe spoke with Model Risk Management expert Sonia Sodhi at the SAS Global Forum on What is a Model? and more. To view Sonia's slides and audio and all other SAS Global Forum presentations, register here. 2019-06-1824 minGARP Risk PodcastWhat IFRS17 Means for YouGARP's new podcast with SAS, The New Age of Risk Analytics, features an episode focusing on the new insurance accounting standard, IFRS 17, which may have broader implications for risk managers - whether you are in insurance or not - than might be realized. David Anderson, Advisory Director, Risk Consulting at KPMG US and Bryce Ehrhardt, Director, Accounting Advisory Services at KPMG US discuss the standard and its implications and value-add opportunities. The information contained herein is of a general nature and is not intended to address the circu...2019-05-2929 min
The New Age of Risk AnalyticsTransforming Trade Finance Compliance Through Machine Learning and Natural Language ProcessingAt the SAS Global Forum, we caught up with Valeria Sica, Managing Director, Head of Global Trade Services and Jake Jacobson, Technology Advisory Partner, EY about how they are using AI to digitize compliance. Celent recognized Citi as the Model Bank of the Year 2019 award winner for "eight cash management and payments initiatives by Citi’s Treasury and Trade Solutions Group which demonstrate how Citi is embracing change and differentiating with digital."2019-05-2925 min
GARP Risk PodcastGARP Presents: The New Age of Risk Analytics PodcastSweeping changes to regulations and accounting standards, breakneck advances in technology and the emergence of innovative competitors are upending the traditional business model. To adapt to this new environment, risk and finance infrastructures must evolve. Over the years, GARP and SAS have worked together to bring risk practitioners unique insights on a variety of topics related to financial risk. This time, we are partnering on a brand new podcast, The New Age of Risk Analytics to take a closer look at ways to compete in this new environment. CLICK HERE to subscribe. GARP is pleased to...2019-04-2230 min
The New Age of Risk AnalyticsWhat IFRS17 Means for YouThe new insurance accounting standard, IFRS 17, has broader implications then might be realized. David Anderson, Advisory Director, Risk Consulting at KPMG US and Bryce Ehrhardt, Director, Accounting Advisory Services at KPMG US discuss the standard and its implications and value add opportunities. Insurers: Are You Ready for IFRS 17? The January 2022 compliance deadline seems a long way out, but savvy insurers are acting now. Find out why, and the top 10 things to look for in an IFRS 17 solution. CLICK HERE for the white paper. The information contained herein is o...2019-04-0929 min
The New Age of Risk AnalyticsOperationalizing AI and RiskOver the years, GARP and SAS have worked together many times to bring to risk practitioners unique insights on a variety of topics related to financial risk. This time, we are partnering on a brand new podcast, The New Age of Risk Analytics, a sneak preview of which is featured on GARP’s Risk Intelligence podcast. The deployment of AI has been a hot topic in almost all business sectors in recent years - and this is no different for risk professionals. In the financial services industry, especially for regulated activities, how to effectively use AI te...2019-04-0430 min