This book presents a business-focused process built on a solid foundation of statistic and data mining principles for the development and implementation of risk prediction scorecards. It describes how risk scorecards can be a powerful tool for risk managers who need to improve the bottom line in their organizations as well as how they can develop and implement these scorecards using internal resources. The contents is: (1) Scorecard Development Roles; (2) Scorecard Development and Implementation Process Overview; (3) Scorecard Development Process; (4) Scorecard Implementation; (5) Post Implementation.
Book Details:
- Author: Naeem Siddiqi
- ISBN: 9781119201731
- Year Published: 2015
- Pages: 208
- BISAC: BUS001010, BUSINESS & ECONOMICS/Accounting / Financial
About the Book and Topic:
This book presents a business-focused process built on a solid foundation of statistic and data mining principles for the development and implementation of risk prediction scorecards. It describes how risk scorecards can be a powerful tool for risk managers who need to improve the bottom line in their organizations as well as how they can develop and implement these scorecards using internal resources. The contents is: (1) Scorecard Development Roles; (2) Scorecard Development and Implementation Process Overview; (3) Scorecard Development Process; (4) Scorecard Implementation; (5) Post Implementation.
Most corporations must constantly balance risks and rewards. Too high a price on loan products, and you lose the customer; too low, and you starve the profit margin or take a loss. Too much capital on reserve, and you miss investment revenue; too little, and you risk regulatory noncompliance and financial instability. When every department, line of business and region measures and reports risks differently with disparate risk management systems it can be difficult to accurately gauge overall risk exposure and strike the right balance. With the use of a credit risk scorecard a company will be better able to perform more accurate credit risk assessments. By using a scorecard companies can develop complex roll rate models, predict delinquencies and perform vintage curve analysis to generate highly accurate credit loss forecasts.
STRONG AUTHOR PLATFORM: Siddiqi speaks worldwide at various conferences as well as SAS user group meetings. SAS will be promoting this book at its conferences (over 25 per year). NEED TO KNOW INFORMATION: Most large companies are concerned about their risk exposure. By using a credit risk scorecard, they can minimize this exposure. This book provides the information needed to develop and implement a credit risk scorecard. BENEFITS PROVIDED: By using the system provided in this book companies will be able to improve their bottom lines.
About the Author
Naeem Siddiqi is a Business Solution Specialist-Risk with SAS Canada. He has over ten years experience in credit risk management, both as a consultant and as a user at financial institutions. As a risk manager, he has developed account acquisition and account management strategies for various retail credit products such as credit cards, lines of credit, loans and mortgages. As a risk management consultant, Siddiqi has developed credit risk scorecards for clients and designed and implemented application processing systems. At SAS, he has played a key role in the development of SAS Credit Scoring, and continues to provide worldwide support for this initiative. His responsibilities range from pre-sales support to consultancy for various projects. He is the author of a paper on the development and implementation of credit risk scorecards, and is a frequent speaker at credit risk topics. Siddiqi has an Honours Bachelor of Engineering from Imperial College of Science, Technology and Medicine at the University of London, and an MBA from York University in Toronto.