Operationalizing AI and Risk

Operationalizing AI and Risk

Author: SAS/GARP April 4, 2019 Duration: 30:17

Over 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 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.  

 

For our first episode of this podcast, DeLisa M. White, GARP's Multimedia Content Producer and your host, spoke with John Sjaastad, Senior Director of Global Risk Consulting, SAS, at GARP's 20th Annual Risk Convention about these survey results, what challenges risk professionals face when it comes to using AI to its full potential, why you can't stop learning and how AI can help your own career.

 

Visit www.sas.com/risksurvey to download the report discussed here today.


In a world where data moves faster than markets and new threats emerge from digital shadows, understanding risk is no longer a quarterly report-it's a continuous conversation. The New Age of Risk Analytics sits at that crucial intersection, exploring how the integration of finance and technology is being reshaped by analytics. This podcast, a partnership between SAS and the Global Association of Risk Professionals (GARP), delves into the practical realities of modern risk management. You'll hear from practitioners and thinkers who are navigating everything from cybersecurity threats and climate risk to regulatory challenges and AI ethics. The discussions move beyond theory, focusing on the innovative solutions and strategic frameworks that organizations are deploying right now. SAS brings its depth as an analytics leader helping businesses extract immediate value from complex data, while GARP grounds each episode in the professional rigor and best practices essential for the field. Tune in for a clear-eyed look at the tools and philosophies defining resilience today. Each episode aims to equip you with insights that are both intellectually substantive and directly applicable, making this podcast a resource for anyone tasked with steering their organization through uncertainty.
Author: Language: English Episodes: 11

The New Age of Risk Analytics
Podcast Episodes
Basel IV and the Future of Regulation [not-audio_url] [/not-audio_url]

Duration: 24:38
Today 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, Pw…
What's on the horizon for Stress Testing [not-audio_url] [/not-audio_url]

Duration: 31:42
We 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 port…
An Update on CECL [not-audio_url] [/not-audio_url]

Duration: 25:28
Today, 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 Organization…
Credit Risk Modeling and Decisioning [not-audio_url] [/not-audio_url]

Duration: 31:14
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 Decisioni…
Adapting to the New Risk Landscape [not-audio_url] [/not-audio_url]

Duration: 29:21
Welcome 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 car…
Model Risk Management in the Age of AI and ML [not-audio_url] [/not-audio_url]

Duration: 25:56
For 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…
What is a Model? And other thoughts with Sonia Sodhi [not-audio_url] [/not-audio_url]

Duration: 24:25
We 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.
What IFRS17 Means for You [not-audio_url] [/not-audio_url]

Duration: 29:36
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…
[not-audio_url] [/not-audio_url]

Duration: 0:00
Artificial Intelligence in Banking and Risk Management About this paper AI deployment has been a hot topic in almost all business sectors in recent years. This Global Association of Risk Professionals (GARP) and SAS surv…