Skip to Main Content
Doing More Today
  • News
  • Community
    • Associates in Action
    • Community Engagement
    • Small Business
    • Economic Development
  • Insights & Innovation
    • Economic Commentary
    • Insights
    • Innovation
  • Financial Wellness
    • Financial Wellness
    • Fraud Prevention
  • See the Good
    • Culture
    • Good Company
    • Good Towns
    • Good Pets
    • Ecards
    • Recipes
    • Riding Forward
Subscribe Now
Regions Bank

Regions Bank: Doing More Today: Good stories. Better insights. More possibilities.

Share
Share on Facebook
Share on X
Share on LinkedIn
Share via Email
Subscribe
Jacob Kosoff
Category: Innovation

Jacob Kosoff Brings Expertise to QuantU

Regions’ Head of Model Risk Management & Validation speaks to data scientists about the importance of modernizing model risk.

By Candace Higginbotham | August 27, 2021

Jacob Kosoff is a lot of things, but idle is not one of them.

He is a well-known expert in the financial quant world. He serves on the Alabama Commission on Artificial Intelligence and Associated Technologies. His work has been published multiple times in industry and trade publications, including American Banker and RMA Journal. He has written white papers and has organized and spoken at internal and external industry events.

Most recently, Kosoff, who is head of Model Risk Management and Validation, spoke about modernizing model risk, a subject he’s dedicating a significant amount of time and energy to. It’s a topic that’s very important for Regions, and one the guest leader shared with QuantUniversity Summer School last month recently.

Models have been increasingly essential as customer needs evolve and financial products and services are developed to meet those needs. As a result, models are developed in many areas throughout the bank and the number of models has increased significantly. To help mitigate model risk, Kosoff and a cross-functional team of model risk managers, model developers and data scientists across Regions have embarked on a modernizing initiative to support better controlled, more accurate, and more efficient models.

Kosoff explained to the QuantUniversity participants how transforming model risk management (MRM) is key to providing robust, timely and effective risk management of the growing uses of models.

He described the path for modernizing model risk management and its benefits, especially for machine-learning models. Kosoff also advised the audience that in order to transform model risk, MRM teams must transform their processes, continuously train their associates and develop strong trusting partnerships with model developers.

“It was a pleasure to speak to this audience about this exciting topic,” Jacob said. “Model Risk Management and Validation is continuously improving and modernizing our approaches in close partnership with multiple teams across the bank, and I’m happy that Regions is a leader in those efforts.”

Be assured that Jacob is not resting on his laurels. Kosoff is actively involved in Diversity, Equity & Inclusion initiatives at Regions. And he is passionate about talent development and serves as a career development mentor at his alma mater, Penn State University, for honors students studying Economics, Finance, Statistics and Math.

In fact, the prestigious Wharton School of Business at the University of Pennsylvania and the Risk Management Association have invited him to teach at the RMA/Wharton Advanced Risk Management Program this October.

It’s only a matter of time before Kosoff will be sharing his expertise and insight to the next set of quant leaders.

Share
Share on Facebook
Share on X
Share on LinkedIn
Share via Email
Subscribe

Trending Articles

  • 1.

    Milestone in Mascoutah: Regions Banker Celebrates 60 Years at the Same Branch

  • 2.

    Home is Where the Wealth is

  • 3.

    Holy Moly! We’ve Got More Good Pets!

  • 4.

    June 2025 | Economic Commentary

  • 5.

    Best Remedy for Mortgage Fraud: Stop, Call and Confirm

Related Articles

Bloomberg Live Recap Event
Category: Innovation

Creating Stronger Customer Relationships Through AI

Sydney Johnson, a Treasury Management relationship manager at Regions Bank.
Category: Innovation

From Intern to Innovator: Finding the Perfect Role at Regions

Bill Harris, Regions Commercial Banking relationship manager and Darius Adamson,...
Category: Community Engagement

A Shared Vision for Success

Collage of Regions Anson branch exterior and a team of...
Category: Community Engagement

Saturdays: It’s also for Banking

Illustration of a playbook with dollar signs.
Category: Innovation

For NIL Money, Here’s the Playbook

Group of attendees standing in front of Regions Game Change...
Category: Innovation

Game Change: The Bold New World of NIL

Compliance team group photo in front of a Habitat for...
Category: Community Engagement

Helping New Homeowners Realize Their Dreams

Regions Bike raffle winner at Shreveport-Bossier Open House and Regions...
Category: Community Engagement

Where Mission Meets Action

Regions.com | About Regions | Investor Relations | Privacy & Security | Website Terms of Use | Contact Regions | Careers at Regions
© 2025 Regions Bank Member FDIC |
All Rights Reserved | Member FDIC | Equal Housing Lender | Online Privacy