“Troy brings more than 20 years of experience in quantitative risk management, technical project management and applied research in the financial services industry to this role,” said Jim Goodnight, CEO of SAS. “He will spearhead SAS’ growth and investments in the risk space to help customers identify, mitigate and manage risk.”

SAS’ Risk Research and Quantitative Solutions division will focus even more on customer driven agendas and solutions to tackle complex risk challenges such as stress testing, regulatory compliance and capital management. The new division consolidates a number of different teams and functions – pre-sales support, risk practice, applications and systems development – under Haines to further align direction and priorities.

The division plans to double investment in critical areas of financial risk management, applied research and application development in the next couple of years. SAS will also be hiring additional risk industry experts to boost its business consulting services which will further enhance SAS risk solutions and support offerings. By investing in additional resources to strengthen modeling and methodology areas within risk management, SAS is expanding as well as deepening its solution capabilities.

SAS’ leadership in the risk area is buttressed by recent leadership rankings in risk technology analyst reports. In January, SAS claimed the No. 1 spot in Chartis’ prestigious RiskTech100 annual rankings, with category wins for core technology, innovation, banking and insurance verticals and financial crime. SAS was also recognized as a leader by Chartis for model risk management, by Gartner for operational risk management and by IDC MarketScape for credit risk management.

Haines’ deep industry experience includes managing large teams of quantitative and technical risk management professionals.  He has held banking and risk He has held banking and risk management consulting positions with JPMorgan Chase, Washington Mutual Bank, General Motors Acceptance Corporation and American Management Systems.

"SAS has long been in a leadership position with its risk management capabilities," said Haines. "I look forward to leading the practice’s evolution of its quantitative and qualitative financial risk solutions through innovative technology, providing rich content and functional capabilities to meet the growing customer needs across the globe.”