Risk Modeling: Practical Applications of Artificial Intelligence, Machine Learning, and Deep Learning (Wiley and SAS Business Series) - Hardcover

Über die Autorin bzw. den Autor

TERISA ROBERTS, PHD, is Global Solution Lead for Risk Modeling and Decisioning at SAS. She has nearly twenty years of experience in quantitative risk management and advanced analytics. She regularly advises banks and regulators around the world on industry best practices in AI, automation, and digitalization related to risk modeling and decisioning.

STEPHEN J. TONNA, PHD, is a Senior Banking Solutions Advisor at SAS. He is a member of the SAS Risk Finance Advisory team for SAS Risk Research and Quantitative Solutions (RQS) in Asia Pacific. He received his doctorate in genetics, mathematics, and statistics from the University of Melbourne and research fellowship from the Brigham and Women's Hospital and Harvard Medical School.

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Praise for Risk Modeling

“This book is highly accessible and directed at practitioners interested in the application of AI and ML in the financial services industry. I first met Terisa over twenty years ago and have marveled at her growth in the analytics space and ability to communicate regarding complex topics.”
—RAYMOND ANDERSON, Rayan Risk Analytics

“This comprehensive text answers all the critical questions bankers have been asking around using AI and ML for risk modeling for years. It should be part of every risk modeler’s library.”
—NAEEM SIDDIQI, Senior Risk Advisor, SAS Institute

“An ideal read for managers or senior managers in any financial institution. Roberts and Tonna’s writing is clear, direct, accurate, and uses exactly the right level of technicality to get to each point.”
—ALAN FORREST, Advisory Senior Manager, Model Risk Oversight

"Machine Learning is disrupting the world of model and data governance. Roberts and Tonna succinctly describe how forward-looking organizations will pragmatically use these approaches to responsibly drive profits and gain a competitive advantage."
—DAVID ASERMELY, Global Lead, Model Risk Management

Aus dem Klappentext

In Risk Modeling: Practical Applications of Artificial Intelligence, Machine Learning, and Deep Learning, distinguished risk and analytics professionals Terisa Roberts and Stephen J. Tonna deliver an innovative and insightful exploration of the latest artificial intelligence technologies used to forecast and evaluate financial risks. The authors offer up-to-date information on how to apply current modeling techniques in risk management, as well as new opportunities and challenges associated with the implementation of artificial intelligence (AI) and machine learning (ML) in the risk management process.

You'll learn the strengths and weaknesses of AI and ML where they're applied to everyday risk management problems or to once-in-a-lifetime "black swan" events, like global pandemics or climate shocks. The authors clarify common misconceptions about AI and ML and offer step-by-step guidance to using the modern technologies within your organization's existing risk management framework.

The book provides practical tools for assessing bias and the interpretability of ML models. It also covers the basic principles of feature engineering and the most commonly used ML algorithms. The authors discuss how risk modeling incorporates AI and ML to rapidly process complicated data and fills the gaps currently existing in the end-to- end risk modeling lifecycle. Finally, Risk Modeling explains how proprietary software and open-source languages can be combined to deliver the best of both worlds for risk models and for risk practitioners.

Perfect for C-suite executives, risk managers, and other business leaders, Risk Modeling: Practical Applications of Artificial Intelligence, Machine Learning, and Deep Learning is also an indispensable resource for compliance officers and managers, as well as anyone else who seeks to apply the latest AI and ML learning techniques to solve or mitigate quantitative risk problems.