Machine Learning in Model Risk Management




[eBook]: Machine Learning in Model Risk Management

In this eBook, we first address some of the ways in which machine learning techniques can be leveraged by model validators to assess models developed using conventional means. We then tackle several considerations that model validators should take into account when independently assessing machine learning models that appear in their inventories. 

In this eBook, you'll learn:

  • Real-world examples illustrating how machine learning models can be used to solve financial problems
  • Procedures for validating machine learning models
  • Machine learning methods that can be applied during model validation to understand and mitigate model risk

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