Goldman Sachs

CFA Society Rochester, Invited Keynote
(Downlod Full-Text Presentation: 107 Slides)

 

The CFA Society:
Advancing Hedge Funds Chief Investment Officer Practices:
Model Risk Management with Auto Machine Learning:

JP Morgan and Goldman Sachs Practices Case Studies.

Country Club of Rochester, Rochester, NY,
October 16, 2018
.

Invited Keynote: Dr. Yogesh Malhotra: AACSB has recognized considerable real world impact of Dr. Yogesh Malhotra's research in its Impact of Research Report among others such as Black-Scholes, Harry Markowitz & William Sharpe.

Insight: While all are busy measuring and modeling risk, it is uncertainty management that is of real practical relevance as it always had been before and is now even more so:

"It is this true uncertainty, and not risk, as has been argued, which forms the basis of a valid theory of profit and accounts for the divergence between actual and theoretical competition..." 
- Frank H. Knight in Risk, Uncertainty, and, Profit


AI & Machine Learning for Risk & Uncertainty Management Practice Series.

We introduce Risk Management Models using JP Morgan’s pioneering focus on Investment Performance, Analytics, and Risk. We build understanding about Model Risks with focus on Value-at-Risk (VaR), the most prominent financial risk valuation models in use across global practices. AI & Machine Learning (ML) are introduced in terms of the Statistical Probabilistic Analytics underlying the performance of such Models. We advance beyond Normality and Linearity assumptions with sophisticated Models while introducing Bayesian Inference as a complement to above models to mitigate Model Risks often attributed to Frequentist Methodologies. AI & ML Algorithms and Models from the JP Morgan AI-ML portfolio motivate focus on Big Data driven Automated Machine Learning to enable Model Risk Management inspired by Goldman Sachs’ pioneering focus on Model Risk Management and Uncertainty Management. Advancing beyond Risk to Uncertainty which is increasingly characterizing emerging global financial markets, we underscore the need for Augmented Intelligence characterizing Smart Minds smartly using Smart Tools with illustrative cases and examples.

Goldman Sachs  JP Morgan Asset Management Princeton University

 

 


MIT-Princeton-Silicon Valley-Wall Street-Global Digital Pioneer
Building Future of Cloud Computing Networks & Infrastructure
As Code, MLOps, DevSecOps: New York-USA-Worldwide

Dr. Yogesh Malhotra: "We create the Digital Future™"
AWS Partner & Network-Centric Computing Pioneer:
30-Year AI-Agility & Cybersecurity-Resiliency Leader:
Cloud Computing CEOs-CTOs-CIOs-CFOs-CxOs Guide

AWS-Partner_WellArchitected_MITPrinceton_AI_ML_Cyber-Crypto-Quantum_CISSP_CISA_CEH

AWS-Partner_WellArchitected_MITPrinceton_AI_ML_Cyber-Crypto-Quantum_CISSP_CISA_CEH
Amazon AWS Accredited-Certified AWS Partner:
MIT-Princeton AI-Quant-Cyber-Crypto-Quantum Faculty-SME
Silicon Valley-Wall Street-Pentagon-Global Digital Pioneer


AWS_Partner_Advanced_AWS_Well-Architected_Best_Practices_Technical
AWS Partner: Advanced AWS Well-Architected Best Practices (Technical)
More: Advanced Well-Architected Cloud Practices: AWS: Azure: Google: IBM


AWS_Professional_Services_Building_a_Contact_Center_using_AWS
AWS Professional Services: Building a Contact Center using AI-DL-NLU
More: Building Cloud Contact Center with AI-DL-NLU: AWS: Azure: Google: IBM


AWS_Authoring_Visual_Analytics_using_Amazon_QuickSight
AWS Authoring Visual Analytics using Amazon QuickSight & SageMaker
More: Authoring Visual Analytics On Cloud: AWS: Azure: Google: IBM


AWS_Partner_Building_Data_Analytics_Solutions_using_Amazon_Redshift
AWS Partner: Datawarehouse Analytics Solutions using Amazon Redshift
More: Datawarehouse Analytics On Cloud: AWS: Azure: Google: IBM


AWS_Partner_Building_Data_Lakes_on_AWS_Technical
AWS Partner: Building Data Lakes on AWS with AWS Glue (Technical)
More: Building Data Lakes On Cloud: AWS: Azure: Google: IBM


AWS_Partner_Building_Data_Lakes_on_AWS_Technical
AWS Partner: Building Data Lakes on AWS with AWS Glue (Technical)
More: Building Data Lakes On Cloud: AWS: Azure: Google: IBM


AWS_Professional_Services_Big_Data_and_Analytics
AWS Professional Services: Big Data and Analytics
More: Cloud Big Data Analytics Technologies & Services: AWS: Azure: Google: IBM


AWS_Partner_Machine_Learning_on_AWS_Technical
AWS Partner: Machine Learning on AWS (Technical)
More: Machine Learning on Cloud: AWS: Azure: Google: IBM


AWS_Partner_Containers_on_AWS_Technical
AWS Partner: Containers on AWS (Technical)
More: Containers on Cloud: AWS: Azure: Google: IBM


AWS_Professional_Services_Security_Best_Practices
AWS Professional Services: Security Best Practices
More: Cloud Security Technologies & Services: AWS: Azure: Google: IBM


AWS_Professional_Services_Security_Best_Practices
AWS Professional Services: Security Best Practices
More: Cloud Security Technologies & Services: AWS: Azure: Google: IBM


AWS_SAP_Technical
AWS Partner: SAP on AWS (Technical)
More: SAP on Cloud: AWS: Azure: Google: IBM


AWS_SAP_Business
AWS Partner: SAP on AWS (Business)
More: SAP on Cloud: AWS: Azure: Google: IBM


AWS_Professional_Services_Big_Data_and_Analytics
AWS Professional Services: Big Data and Analytics
More: Cloud Big Data Analytics Technologies & Services: AWS: Azure: Google: IBM


AWS_Partner_Security_Governance_at_Scale_Technical
AWS Partner: Security Governance at Scale (Technical)
More: Cloud Security Governance Automation at Scale: AWS: Azure: Google: IBM


AWS_Professional_Services_Security_Best_Practices
AWS Professional Services: Security Best Practices
More: Cloud Security Technologies & Services: AWS: Azure: Google: IBM


AWS_Partner_IoT_on_AWS_Technical
AWS Partner: IoT on AWS (Technical)
More: Cloud Internet of Things (IoT): AWS: Azure: Google: IBM


AWS_Partner_Advanced_Migrating_to_AWS_Technical
AWS Partner: Advanced Migrating to AWS (Technical)
More: Advanced Migration on Cloud: AWS: Azure: Google: IBM


AWS_Partner_Data_Analytics_on_AWS_Business
AWS Partner: Data Analytics on AWS (Business)
More: Data Analytics on Cloud: AWS: Azure: Google: IBM


AWS_Partner_IoT_on_AWS_Technical
AWS Partner: IoT on AWS (Technical)
More: Cloud Internet of Things (IoT): AWS: Azure: Google: IBM


AWS_Professional_Services_Operational_Integration_Best_Practices
AWS Professional Services: Operational Integration Best Practices
More: Cloud Operational Integration: AWS: Azure: Google: IBM


AWS_Partner_Advanced_AWS_Well-Architected_Best_Practices_Technical
AWS Partner: Advanced AWS Well-Architected Best Practices (Technical)
More: Advanced Well-Architected Cloud Practices: AWS: Azure: Google: IBM


AWS_Professional_Services_Building_a_Contact_Center_using_AWS
AWS Professional Services: Building a Contact Center using AI-DL-NLU
More: Building Cloud Contact Center with AI-DL-NLU: AWS: Azure: Google: IBM


AWS_Partner_Security_Governance_at_Scale_Business
AWS Partner: Security Governance at Scale (Business)
More: Building Cloud Security Governance at Scale: AWS: Azure: Google: IBM


AWS_Partner_Machine_Learning_on_AWS_Technical
AWS Partner: Machine Learning on AWS (Technical)
More: Machine Learning on Cloud: AWS: Azure: Google: IBM


AWS_Partner_VMware_Cloud_on_AWS_Technical
AWS Partner: VMware Cloud on AWS (Technical)
More: Integrating VMware Cloud: AWS: Azure: Google: IBM


AWS_Professional_Services_Financial_Economic_Cloud_Advisory
AWS Professional Services: Cloud Advisory: Cloud Financial Economic Analysis
More: Cloud Financial Economic Analysis: AWS: Azure: Google: IBM


AWS_Partner_Containers_on_AWS_Technical
AWS Partner: Containers on AWS (Technical)
More: Containers on Cloud: AWS: Azure: Google: IBM


AWS_Partner_Advanced_Migrating_to_AWS_Technical
AWS Partner: Advanced Migrating to AWS (Technical)
More: Advanced Migration on Cloud: AWS: Azure: Google: IBM


AWS_Partner_Migrating_Your_Application_to_AWS_Technical
AWS Partner: Migrating Your Application to AWS (Technical)
More: Application Migration to Cloud: AWS: Azure: Google: IBM


AWS_Partner_AWS_for_Microsoft_Workloads_Technical
AWS Partner: AWS for Microsoft Workloads (Technical)
More: Microsoft Workloads on Cloud: AWS: Azure: Google: IBM


AWS_Partner_Containers_on_AWS_Technical
AWS Partner: Containers on AWS (Technical)
More: Containers on Cloud: AWS: Azure: Google: IBM

AWS_Partner_Building_Data_Lakes_on_AWS_Technical
AWS Partner: Building Data Lakes on AWS (Technical)
More: Building Data Lakes On Cloud: AWS: Azure: Google: IBM


AWS_Partner_Well-Architected_Best_Practices_Technical
AWS Partner: Well-Architected Best Practices (Technical)
More: Well-Architected Cloud: AWS: Azure: Google: IBM


AWS_Professional_Services_Cloud_Adoption_Framework
AWS Professional Services: Cloud Adoption Framework
More: Cloud Adoption Framework: AWS: Azure: Google: IBM


AWS_Partner_Data_Analytics_on_AWS_Technical
AWS Partner: Data Analytics on AWS (Technical)
More: Cloud Data Analytics: AWS: Azure: Google: IBM



AWS_Professional_Services_Security_Best_Practices
AWS Professional Services: Security Best Practices
More: Cloud Security Technologies & Services: AWS: Azure: Google: IBM


AWS_Partner_Accreditation_Business
AWS Partner: Accreditation (Business)
More: Cloud Go To Market Business Cases: AWS: Azure: Google: IBM


AWS_Partner_Cloud_Economics_Accreditation
AWS Partner: Cloud Economics Accreditation
More: Cloud Economics & Finance: AWS: Azure: Google: IBM


AWS_Partner_Accreditation_Technical
AWS Partner: Accreditation (Technical)
More: Cloud Technologies, Services & Solutions: AWS: Azure: Google: IBM


AWS_Partner_Migrating_to_AWS_Technical
AWS Partner: Migrating to AWS (Technical)
More: Migrating to Cloud: AWS: Azure: Google: IBM


AWS_Partner_Building_Your_Business_with_AWS_for_Executives
AWS Partner: Building Your Business with AWS for Executives
More: Building Cloud Business: AWS: Azure: Google: IBM


AWS_Partner_Foundations_for_Public_Sector_Business
AWS Partner: Foundations for Public Sector (Business)
More: Cloud for Public Sector: AWS: Azure: Google: IBM


AWS_Partner_Machine_Learning_on_AWS_Business
AWS Partner: Machine Learning on AWS (Business)
More: Machine Learning on Cloud: AWS: Azure: Google: IBM


AWS_Partner_Migrating_to_AWS_Technical
AWS Partner: Migrating to AWS (Technical)
More: Migrating to Cloud: AWS: Azure: Google: IBM


AWS_Partner_Security_Governance_at_Scale_Technical
AWS Partner: Security Governance at Scale (Technical)
More: Cloud Security Governance Automation at Scale: AWS: Azure: Google: IBM


AWS_Partner_Migration_Business_Case_Development_Business
AWS Partner: Migration Business Case Development (Business)
More: Cloud Migration Business Case Value Analysis & Tools: AWS: Azure: Google: IBM


AWS_Partner_Security_Governance_at_Scale_Technical
AWS Partner: Security Governance at Scale (Technical)
More: Cloud Security Governance Automation at Scale: AWS: Azure: Google: IBM


AWS_Partner_Data_Analytics_on_AWS_Technical
AWS Partner: Data Analytics on AWS (Technical)
More: Cloud Data Analytics Technology Services: AWS: Azure: Google: IBM


AWS_Partner_Security_Governance_at_Scale_Business
AWS Partner: Security Governance at Scale (Business)
More: Building Cloud Security Governance at Scale: AWS: Azure: Google: IBM


AWS_Partner_Machine_Learning_on_AWS_Technical
AWS Partner: Machine Learning on AWS (Technical)
More: Machine Learning on Cloud: AWS: Azure: Google: IBM


AWS_Partner_Migrating_Your_Application_to_AWS_Technical
AWS Partner: Migrating Your Application to AWS (Technical)
More: Application Migration to Cloud: AWS: Azure: Google: IBM


Global Risk Management Network, LLC, New York, USA

AACSB & ASIS&T: Real Impact of Research Among AI & Quant Nobel Laureates:
Silicon Valley-Wall Street-Pentagon-Global Digital Pioneer R&D Leading Worldwide Practices

SSRN: 88 Top-10 Research Rankings: Top-1% Authors:
Algorithms, Models, AI, Machine Learning, Deep Learning, Network Security,
AI-ML-DL, Quant, Cyber, Crypto, Quantum, Risk, Cloud Computing
:
Computer Science, Telecom, Banking & Finance, Healthcare, Defense & Space

Recent Hi-Tech R&D Ventures, Industry Presentations and Expert Papers

*Pentagon Joint Chiefs: C4I-Cyber™: Beyond AI-Quantum Supremacy: Command-Control Supremacy™.
*US Air Force: AIMLExchange™: Invited Interviews: Top USAF Chief Scientist Pentagon Role.
*GIBC Digital Welcomes Leading Machine Learning & AI Expert to Lead $Billion AI-ML Data Center.
*Block Chain-Cloud Computing Pioneer: AI-Crypto Expert On Asia-Australia CEO Global Road Shows.
*MIT Computer Science & AI Lab AI-ML Executive Guide: MIT-Princeton AI-Quantum Faculty-SME.
*Princeton University Quant Trading-FinTech Crypto Presentations: Sponsors: Goldman Sachs, Citadel.

*2021 R&D Leading Worldwide Digital Practices: AI-ML-DL-Cyber-Crypto-Quantum-Risk-Computing
*2021 Joint Chiefs Of Staff: Beyond ABMS JADC2 to Quantum Uncertainty and Time-Space Complexity
*2020 Joint Chiefs Of Staff: AI-Quantum Autonomy in Space: Quantum PhD-Engineers Expert Keynote
*2021 Silicon Valley-Wall Street-Pentagon Digital Pioneer: Digital Startups to Trillion Dollar Enterprises
*2020 Making Quantum Computing Real for JADC2 With Qiskit: Quantum Communication & Networking
*2020 Beyond Data Protection to Command and Control (C2) Sustainability: U.S. Data Protection Act
*2019 Innovation Community (UK): Dr. Yogesh Malhotra: Future of AI-ML - Data Science, BlockChain
*2019 Journal of Financial Transformation: Capital Markets-Risks: AI Augmentation-Risk Management.
*2019 New York State Cyber Security Conference: AI-ML-GANs-DeepFakes: Cyber Risk of Deep Fakes.
*2016 New York State Cyber Security Conference: Beyond Predictive to Anticipatory Risk Analytics.
*2018 CFA Society Keynote: JP Morgan-Goldman Sachs Cases: Model Risk Management AutoML.
*2018 AFCEA C4I Cyber Conference: AI-ML-Cybersecurity Risk & Uncertainty Management Controls.
*2018 MIT Sloan-Computer Sc. & AI Lab AI-ML Executive Guide including RPA & Cognitive Automation
*2018 Princeton FinTech & Quant Conference: Invited Research Presentation: AI-ML-DL MRM.
*2016 Princeton Quant Trading Presentation: Beyond Model Risk Management to Model Risk Arbitrage.
*2015 Princeton Quant Presentation: Future of Finance Beyond 'Flash Boys': Managing Uncertainty.
*2018 Journal of Operational Risk: Toward 'Cyber-Finance’ Cyber Risk Management Frameworks.
*2017 National Association of Insurance Commissioners, Cyber Risk Insurance beyond VaR Models.
*2017 IUP Journal of Computer Sciences, April, Quantitative Modeling of Trust Management Protocols.
*Stress Testing for Cyber Risks: Cyber Risk Insurance Models beyond VaR: Risk, Uncertainty, & Profit.
*Integrated Enterprise Risk Management, Model Risk Management & Cyber-Finance Risk Management.
*Bridging Networks, Systems, Controls Frameworks: Cybersecurity Curricula & Standards Development.
*Advancing Cognitive Analytics Using Quantum Computing for Next Generation Encryption.
*Invited Princeton Quant Trading Presentations: 'Rethinking Finance' for Global Networked DeFi.
*Cybersecurity & Cyber-Finance Risk Management: Strategies, Tactics, Operations, Intelligence.

*Risk Management Framework: Penetration Testing: Banking-Finance Network VoIP Protocols.
*CyberFinance: Cybersecurity Risk Analytics Must Evolve to Survive Emerging Cyber Financial Threats.
*Beyond 'Bayesian vs. VaR' Dilemma: Managing Risk After Risk Management Failed for Hedge Funds.
*Measuring & Managing Financial Risks with Improved Alternatives Beyond Value-at-Risk (VaR).

*Markov Chain Monte Carlo Models for High-Dimensionality Complex Network Security Problems.
*Risk, Uncertainty, Profit: 'Knight Reconsidered': Model Risk Management in Cyber Risk Insurance.
*Cyber-Finance Risk Management: Strategies, Tactics, Operations, Intelligence: ERM to MRM.
*Number Field Sieve Cryptanalytic Algorithms for Efficient Prime Factorization on Composites.
*Bitcoin & Statistical Probabilistic Quant Methods: Financial Regulation: Hong Kong CPAs.
*Bitcoin Protocol & Block Chain: Model of 'Cryptographic Proof' Crypto-Currency Payment Systems.
*2015-2022 88 SSRN Top-10 Rankings: AI-ML-Quant-Cyber-Crypto-Quantum-Risk Computing.
*2008 AACSB International Impact of Research Report: Among Finance Nobel Laureates Black-Scholes

Top Wall Street Investment Banks Quantitative Finance Projects & FinTech Ventures

US Air Force HQ AI-Machine Learning Commercial Exchange: Pioneering AGI To Save the World
AFRL Commercialization Academy: Building the Future of AGI: Griffiss Cyberspace & Drone™.
MIT Computer Science & AI Lab AI-Machine Learning Executive Guide: AI, ML, DL, NLP, RPA.
Princeton: Future of Finance: 'Rethinking Finance' for Era of Global Networked Digital Finance.

Journal of Financial Transformation:Capital Markets: AI Augmentation Cyber Risk Management.
New York State Cyber Security Conference: AI-ML-GANs-DeepFakes: Cyber Risk of Deep Fakes.
CFA Society Keynote: JP Morgan-Goldman Sachs Practices: Model Risk Management with AutoML.
AFCEA C4I Cyber Conference: AI-ML-Cybersecurity Risk & Uncertainty Management Controls.
MIT Sloan-Computer Sc. & AI Lab AI-ML Executive Guide including RPA & Cognitive Automation
Princeton FinTech Quant Conference: Research Presentation: AI-ML-Deep Learning MRM.
Journal of Operational Risk: 'Cyber-Finance’ Cyber Risk Management Frameworks of Practice.
National Association of Insurance Commissioners: Expert Paper: Cyber Risk Insurance Modeling
Princeton Quant Trading Presentation: Beyond Model Risk Management to Model Risk Arbitrage.
Princeton Quant Trading Presentation: Future of Finance Beyond 'Flash Boys': Uncertainty.
Quantitative Finance Risk Analytics Modeling Wall Street Investment Banks & VC Projects
Model Risk Management: Risk Management Analytics from 'Prediction' to 'Anticipation of Risk'
Quantitative Finance Risk Analytics, Econometric Analytics, Numerical Programming Models
Quantitative Finance Model Risk Management for Systemic-Tail Risks in Cyber Risk Insurance
JP Morgan Portfolio Optimization, VaR & Stress Testing: 17-Asset Class Portfolio
JP Morgan Portfolio Liquidity Risk Modeling Framework for $500-600Bn Portfolio
Bayesian VaR Beyond Value-At-Risk (VaR) Model Risks Exposed by Global Financial Crisis
Goldman Sachs Alumnus Asset Manager Large-Scale Data High Freq Econometric Models
Quantitative Finance, Risk Modeling, Econometric Modeling, Numerical Programming
Technologies of Computational Quantitative Finance & Risk Analytics and Risk Management
Algorithms & Computational Finance: C++, SAS, Java, Machine Learning, Signal Processing
Cybersecurity, Financial Protocols & Networks Protocols Analysis, and, Penetration Testing
Impact: Quantitative Finance, Quantitative Risk Analytics & Risk Management Projects
Digital Social Enterprise Ventures Creating Trillion $ Practices for Hundreds of Millions

Named among FinTech Finance & IT Nobel laureates for Real World Impact of Research
FinTech Innovations: Model Risk Arbitrage, Open Systems Finance, Cyber Finance, Cyber Insurance
AACSB International Reports Impact of Research among Black-Scholes, Markowitz, Sharpe
Research Impact Recognized among Finance & Information Technology Nobel laureates
88 SSRN Top-10 Rankings: AI-Machine Learning; Cybersecurity; Computer Science, Quant Trading
FinTech Innovations: Model Risk Arbitrage, Cyber Finance, Cyber Risk Insurance Modeling
Computational Quantitative Finance Modeling & Risk Management Research Publications
Model Risk Management of Cyber Risk Insurance Models & Quantitative Finance Analytics
Thesis on Ongoing Convergence of Financial Risk Management & Cyber Risk Management
U.S. Federal Reserve & Office of the Comptroller of the Currency Model Risk Guidance
Bayesian VaR Beyond Value-At-Risk (VaR) Model Risks Exposed by Global Financial Crisis
Markov Chain Monte Carlo Models & Algorithms to Enable Bayesian Inference Modeling
OCC Notes Cybersecurity Risk & Cyber Attacks as Key Contributor to Banks' Financial Risk
Future of Bitcoin & Statistical Probabilistic Quantitative Methods: Global Financial Regulation
Models Validation Expert Panels: IT, Operations Research, Economics, Computer Science

Global, National, & Enterprise CxO Level FinTech-Cyber-Risk Analytics Ventures
CxO Think Tank that pioneered 'Digital' Management of Risk, Uncertainty, & Complexity
CxO Consulting: Global, National & Corporate Risk Management Practices Leadership
CxO Guidance: Cyber Defense & Finance-IT-Risk Management: Uncertainty & Risk
CxO Keynotes: Conference Board, Silicon Valley, UN, World Economy: Uncertainty & Risk
The Future of Finance Project Leading Quantitative Finance Practices at Elite Conferences
The Griffiss Cyberspace Cybersecurity Venture Spans Wall Street and Hi-Tech Research
UN Quantitative Economics Expert Paper & Keynote on Global Economists Expert Panel
National Science Foundation Cybersecurity & Cybercomputing National Expert Panels
Digital Social Enterprise Innovation Ventures Pioneering the Future of Risk and Quant
Global Footprint of Worldwide World-Leading CxO Risk Management Ventures & Practices