Today’s MRM teams face significant challenges with governance and compliance reporting. They often spend countless hours manually compiling data from multiple systems, spreadsheets, and documents to create reports for different stakeholders — from model validators to senior management and regulators. Without a centralized system to support model risk compliance and governance reporting, tracking the status of models across their lifecycle,…
Our ValidMind Community team met up in beautiful downtown Victoria on Vancouver Island this past week for our second annual workshop. Things are happening! We talked about our training program plans, next steps for community activities, and held a fun team activity where we hacked on a new 404 page for our docs site in the late afternoon. A new…
As emerging technologies enter the financial services space, adherence to SR 11-7 becomes increasingly complex and requires new strategies.
This short video walks users through documenting a model with ValidMind. This demo shows how to run our QuickStart notebook on JuypyterHub, and show you how to work with model documentation on the ValidMind platform. QuickStart Transcript: [Music] Hi! I’m Nick, and I’m going to show you how to document a model with ValidMind. From docs.validmind.com go to QuickStart right…
JP Morgan Chase CEO Jamie Dimon shared his perspective on the current state of global financial markets with plenty of implication for model risk management.
Are you a trailblazer in model risk management and governance within the financial sector? We cordially invite you, or a qualified representative from your organization, to a high-impact roundtable discussion in London or New York. These are exclusive and off-the-record gatherings, limited to a select group of 8-10 executives shaping the landscape of AI governance in prominent financial institutions. Our mission is to facilitate open…
We recently attended RiskMinds International 2023 in London which featured a standout presentation by our friends at Oliver Wyman — Ian Shipley and Rainer Glaser. Their talk, Evaluating An LLM-Powered Model: A Practical Case Study With Oliver Wyman’s NewsTrack Model, offered an insightful look into the innovative application of large language models in risk management, including how Oliver Wyman uses…
Recently, we hosted a webinar on AI risk and governance based on the UK government’s recent consultation. Juan Martinez and Nik Richers from ValidMind led a Q&A that drew from our participation to highlight critical elements to advance trustworthy AI. Our webinar delved into broad themes such as: Watch the recording:
On September 8 2023, Scifn will be hosting the AI and Finance Summit, a full day of educational and insightful panels and lectures on the latest thinking and discussions at the intersection of artificial intelligence, generative AI and finance. As part of this event, ValidMind’s Co-Founder and Chief Product Officer, Mehdi Esmail, will be participating in a panel on Addressing the…
At ValidMind, we envision a community that thrives on the collective knowledge, collaboration, and professional growth in the Model Risk Management (MRM) field. With an ever-evolving landscape of risks and regulations, it has become increasingly important to foster an environment where professionals can learn, share, and develop in their field. As we embark on this journey to build such a…
On 17 April – 19 April 2023, GFMI will gather a group of experts in New York to discuss how to effectively develop and govern machine learning models in the Financial Services industry. As part of this event, our very own Mehdi Esmail, Co-Founder and Chief Product Officer at Validmind, will be moderating a panel discussion on the topic of…