Remembering Why We Care About Model Risk

Remembering Why We Care About Model Risk

Case studies for model error events are difficult to come by. The errors we have found in models remain confidential and discussing errors in general does not have the same impact of an actual case study. I have looked through the public realm for case studies that...
Managing Risk in a Statistically Noisy World

Managing Risk in a Statistically Noisy World

We are bombarded with statistics every day. If you turn on the news (not always recommended) you will hear about the unemployment rate, the stock market, COVID-19, the election, etc… And at work, we have statistics coming at us from all sides. Is a customer a money...
The Fuzzy Side of Risk

The Fuzzy Side of Risk

A fair amount of the risk management consulting work I do is on the “hard” side of risk management; building and reviewing models, establishing KRA’s, stress testing, regulatory requirements, etc… But in reality risk and risk management are soft subjects...