In episode 13 of the Responsible AI Report, Patrick speaks with Christophe Rougeaux about the importance of responsible AI and model risk management in the financial sector. They discuss how banks can expand their model risk management capabilities to include AI oversight, the challenges of building specialized expertise in risk management teams, and strategies for accelerating AI deployment while maintaining robust risk management practices. Christophe emphasizes the need for a holistic understanding of the AI lifecycle, continuous improvement, and a supportive culture for safe AI implementation.
Takeaways
- Financial institutions must prioritize dedicated governance teams for AI.
- Model risk management should include new risk dimensions like bias and cybersecurity.
- Talent acquisition in AI is a challenge for banks competing with tech companies.
- A holistic view of the AI lifecycle is essential for speed to market.
- Continuous improvement is necessary for effective AI processes.
- Change management is crucial for implementing new practices in banks.
- Building specialized expertise in risk management is vital for AI validation.
- Communication from leadership is key to fostering a culture of safe AI.
- Banks need to adapt their operating models to optimize AI deployment.
Learn more at:
https://www.linkedin.com/in/christopherougeaux/
Christophe Rougeaux is an expert in analytics who helps global organizations ensure effective and sustainable management of their analytics, through robust oversight governance. Christophe previously co-led McKinsey's Model Risk Management service line. Since 2024, he is a Model Risk Management Executive at TD Bank Group where he is heading the model validation of the non-retail portfolio and leading strategic AI/Model Governance initiatives.
Visit our website at responsible.ai
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com