Model risk managers: banking’s future VIPs

Risk Live: Machine learning models are changing the risk profile of banks, says UBS CRO

Christian Bluhm at Risk Live 2019
Christian Bluhm at Risk Live 2019
Photo: Janie Airey

The growing use of machine learning techniques in modelling is changing the risk profiles of banks – and raising the profile of quants charged with overseeing them, according to UBS chief risk officer Christian Bluhm.

The deployment of ML models is already spelling new challenges for risk managers, said Bluhm, who was giving the keynote address at Risk Live 2019 earlier today (June 27).

Managers must increasingly make calls on the safety and appropriateness of the parameters that govern an

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