Rajiv Avacharmal
Chapter
New York
Industry Focus
Financial Services
Technology Lens
Model and AI Risk Management, specializing in validating, implementing, and monitoring AI/ML/GenAI systems
Director, Responsible AI at Prudential Financial
Rajiv Avacharmal is a seasoned professional with over 13 years of experience in the rapidly evolving field of Model & AI Risk Management. His expertise encompasses the Validation, Implementation and Monitoring of AI/ML/Gen AI Models. He has been at the forefront of understanding and navigating the complexities of AI use in various leading organizations. He has developed robust strategies, policies and frameworks to manage and mitigate biases in AI systems and models, ensuring alignment with fair practices and transparency standards. His focus has always been on building AI solutions that are not only technically sound but also ethically responsible and sustainable. Furthermore, he has comprehensive knowledge of BSA/AML compliance, Fair Lending, Sanctions, and Fraud, Insurance model risk management which has allowed him to ensure AI systems meet regulatory expectations. He has been instrumental in continuous performance monitoring and evaluation of AI Systems/ Models. By focusing on model performance and regularly assessing them against key metrics, he has ensured that these AI systems not only meet but exceed expectations in real-world scenarios. Beyond his technical expertise, Rajiv excels at translating complex data insights into actionable business strategies. He possesses extensive project management experience and has collaborated effectively with cross-functional teams, including data science leaders, engineering teams, legal departments, vendors, regulators, and risk management professionals . He is skilled in Python, R, SQL, JIRA, PowerBI, Tableau