Model Risk Management: Past, Present, and Future

With a long career spanning engineering and banking, Agus Sudjianto has made significant contributions to the fields of machine learning, artificial intelligence, and model risk management. He most recently served as Executive Vice President and Head of Model Risk Management at Wells Fargo.

Following his retirement from banking, Agus now serves as Senior Vice President of Risk and Technology at H2O.ai, Senior Advisor at McKinsey & Company, and founder of MoDeVa.ai—a platform dedicated to inherently interpretable machine learning and comprehensive model testing. He is widely recognized for combining deep technical expertise with practical innovation, helping to advance explainable AI, automated validation, and trustworthy model development.

As an advisor and speaker, Agus is a thoughtful voice in the areas of trustworthy AI, model interpretability, and responsible risk management. He co-created PiML (Python Interpretable Machine Learning), a widely used framework for developing interpretable models and robust model testing, which later evolved into MoDeVa. He is also the co-author of a book on computer experiments and has published extensively in applied machine learning and statistics, particularly in finance and engineering. His work has led to numerous patents across both domains.

Agus holds an MS in engineering from Wayne State University and a PhD in engineering from the Massachusetts Institute of Technology.

CJ Peng is the Chief Model Risk Officer at Truist, responsible for enterprise‑wide model risk governance, validation, and regulatory alignment across traditional, machine learning, and artificial intelligence models. He oversees end‑to‑end model lifecycle activities to ensure sound model risk management and the responsible adoption of advanced analytics and AI technologies across the bank. 

With over 20 years of experience in model development and validation, CJ is actively engaged in industry peer forums and leads initiatives to modernize model validation and risk oversight through automation and advanced analytics. 

Home Loans Credit Strategy Executive at Bank of America, responsible for developing and managing risk appetite and credit strategy for first mortgage and home equity products. Since joining the firm in 2021, Jose has leveraged extensive experience across consumer lending, including many years in the credit card business. Prior experience includes roles at First Union and Citibank. He holds a BS in Business Management with a minor in Political Science from New York University.