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Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
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Plan Administrator, Defined Benefit & Cash Balance The Pension Source
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Retirement Relationship Manager MAP Retirement
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Automated Investment Management and Fiduciary Liability
Good Risk Governance Pays
Aug. 25, 2014
"Setting up an algorithm and then expecting things to run smoothly on autopilot could fast lead to disappointment.... [T]here are at least ten things that need to be done as part of mitigating model risk. One key task is to assess the conditions under which a model will implode or, worse yet, generate wholly inappropriate predictions that in turn are used to give bad recommendations."
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