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Terisa Roberts - Risk Modeling: Practical Applications of Artificial Intelligence, Machine Learning, and Deep Learning

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A wide-ranging overview of the use of machine learning and AI techniques in financial risk management, including practical advice for implementation

Risk Modeling: Practical Applications of Artificial Intelligence, Machine Learning, and Deep Learning introduces readers to the use of innovative AI technologies for forecasting and evaluating financial risks. Providing up-to-date coverage of the practical application of current modelling techniques in risk management, this real-world guide also explores new opportunities and challenges associated with implementing machine learning and artificial intelligence (AI) into the risk management process.

Authors Terisa Roberts and Stephen Tonna provide readers with a clear understanding about the strengths and weaknesses of machine learning and AI while explaining how they can be applied to both everyday risk management problems and to evaluate the financial impact of extreme events such as global pandemics and changes in climate. Throughout the text, the authors clarify misconceptions about the use of machine learning and AI techniques using clear explanations while offering step-by-step advice for implementing the technologies into an organizations risk management model governance framework. This authoritative volume:

  • Highlights the use of machine learning and AI in identifying procedures for avoiding or minimizing financial risk
  • Discusses practical tools for assessing bias and interpretability of resultant models developed with machine learning algorithms and techniques
  • Covers the basic principles and nuances of feature engineering and common machine learning algorithms
  • Illustrates how risk modeling is incorporating machine learning and AI techniques to rapidly consume complex data and address current gaps in the end-to-end modelling lifecycle
  • Explains how proprietary software and open-source languages can be combined to deliver the best of both worlds: for risk models and risk practitioners

Risk Modeling: Practical Applications of Artificial Intelligence, Machine Learning, and Deep Learning is an invaluable guide for CEOs, CROs, CFOs, risk managers, business managers, and other professionals working in risk management.

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Table of Contents List of Tables Chapter 1 Chapter 2 Chapter 4 Chapter - photo 1
Table of Contents
List of Tables
  1. Chapter 1
  2. Chapter 2
  3. Chapter 4
  4. Chapter 7
  5. Chapter 8
  6. Chapter 9
List of Illustrations
  1. Chapter 2
  2. Chapter 3
  3. Chapter 4
  4. Chapter 5
  5. Chapter 6
  6. Chapter 7
  7. Chapter 8
  8. Chapter 9
Guide
Pages
Wiley and SAS Business Series

The Wiley and SAS Business Series presents books that help senior level managers with their critical management decisions.

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For more information on any of the above titles, please visit www.wiley.com.

Risk Modeling
Practical Applications of Artificial Intelligence, Machine Learning, and Deep Learning

Terisa Roberts

Stephen J. Tonna

Copyright 2022 by SAS institute Inc All rights reserved Published by John - photo 2

Copyright 2022 by SAS institute, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 750-4470, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permission.

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Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Further, readers should be aware that websites listed in this work may have changed or disappeared between when this work was written and when it is read. Neither the publisher nor authors shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

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Library of Congress Cataloging-in-Publication Data is Available:

ISBN 9781119824930 (Hardback)
ISBN 9781119824954 (ePDF)
ISBN 9781119824947 (epub)

Cover Design: Wiley
Cover Image: Berkah/Getty Images

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