AI Can Build the Model, But Can You Trust It? with Ryan Humphrey

In this episode of Financial Modeler’s Corner, Paul Barnhurst speaks with Ryan Humphrey about financial model auditing, the skills strong modelers need, and how AI is changing the profession. Ryan explains why communication, judgment, and trust matter as much as technical ability. He also shares how model audits work, why poorly structured models create serious risks, and why finance professionals must continue developing their skills as AI takes on more of the building process.

Ryan Humphrey is a Partner at Forvis Mazars in London, specializing in accounting, tax reviews, and financial model audits. A qualified chartered accountant, he co-authored Credible Model Audit for the AI Era and is currently researching sustainability leadership with Cambridge University.

Expect to Learn:

• Why communication is essential in financial modeling
• How independent model audits support better decisions
• Why human judgement remains critical in the AI era
• How AI may shift modelers from building to reviewing
• Why trust and continuous learning are becoming more valuable

Here are a few relevant quotes from the episode:

• "The model really is a communication vector more than anything. It is about telling a story." - Ryan Humphrey
• "Trust becomes so important because things can look right very quickly, even when they are not." - Ryan Humphrey

AI may make financial models faster to build, but it also makes careful review more important. The future belongs to professionals who can combine technical knowledge with judgement, communication, and trusted decision-making.

Follow Ryan:

LinkedIn: https://www.linkedin.com/in/rchumphrey/

Website: https://www.forvismazars.com/uk/en/users/our-team/ryan-humphrey

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LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/

Disclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration produced under human editorial review.

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In Today's Episode:

[00:00] -Trailer

[05:16] - Why Communication Matters

[06:45] - AI and the Future of Modeling Careers

[08:50] - Ryan’s Model Audit Nightmare

[12:26] - How Financial Model Audits Work

[17:36] - Essential Skills for Model Auditors

[21:35] - How AI Is Changing Model Audits

[27:54] - The Growing Importance of Trust

[32:34] - Why Continuous Learning Matters

[37:30] - Excel Preferences and Shortcuts

[41:30] - Rapid-Fire Modeling Questions

[47:35] - Final Advice for Financial Modelers