In this interview we discussed the following questions
When Introducing Model Risk Management to a business level audience, can you describe the role MRM plays to manage and govern firms models life cycle?
It seems that most Model Risk has been focused on the larger banking and insurance firms, mainly in North America and Europe, why hasn’t it been more prevalent in other industries?
Some examples of what might happen if MRM goes wrong?
Looking at the new technologies, including alternative data, Opensource languages, AI/ML and cloud, what does MRM offer to enable firms to manage and orchestrate introducing in a structured approach to model governance