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 Duration 7 hours

Course Outline

Introduction to Machine Learning in Financial Services

  • Survey of typical machine learning applications in finance
  • Analysis of benefits and complexities of deploying ML in regulated sectors
  • Overview of the Azure Databricks ecosystem

Preparing Financial Data for Machine Learning

  • Data ingestion strategies from Azure Data Lake and database sources
  • Techniques for data cleansing, feature engineering, and transformation
  • Conducting exploratory data analysis (EDA) using notebooks

Training and Assessing ML Models

  • Data partitioning strategies and selection of appropriate ML algorithms
  • Developing regression and classification models
  • Assessing model efficacy using finance-specific performance metrics

Model Management via MLflow

  • Experiment tracking with detailed parameters and metrics
  • Processes for saving, registering, and versioning models
  • Ensuring reproducibility and comparing model outcomes

Deployment and Serving of ML Models

  • Packaging models for both batch processing and real-time inference
  • Serving models through REST APIs or Azure ML endpoints
  • Incorporating model predictions into financial dashboards or alert systems

Monitoring and Retraining Pipelines

  • Scheduling routine model retraining using updated data
  • Tracking data drift and maintaining model accuracy
  • Automating comprehensive workflows utilizing Databricks Jobs

Case Study: Financial Risk Scoring

  • Developing a risk scoring model for loan or credit applications
  • Interpreting predictions to ensure transparency and regulatory compliance
  • Deploying and validating the model in a controlled environment

Requirements

  • A solid grasp of fundamental machine learning principles.
  • Proficiency in Python and general data analysis techniques.
  • Working knowledge of financial datasets or standard reporting practices.

Target Audience

  • Data scientists and machine learning engineers operating within financial services.
  • Data analysts aiming to transition into machine learning roles.
  • Technology professionals responsible for implementing predictive solutions in the finance industry.

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