The Challenges of Model Risk Management: Consumer Credit and Machine Learning

In this installment of the monthly podcast series on credit risk
and model risk management, Fran Garritt, Director of Global Markets
Risk and Securities Lending at RMA. and Kevin Oden, Founder and
Managing Partner of Kevin D. Oden & Associates and Managing
Director of RMA’s Model Validation Consortium, define the role of
bias and data in machine learning and AI, provide the contributing
factors for bias in models, and offer best practices for firms
regarding bias. For podcast sponsorship/advertising opportunities,
contact Adam Lennon at alennon@rmahq.org.