Ritch Milby
- Role
- VP -- Principal Model Validator at Silicon Valley Bank
- Location
- San Francisco, CA, US
- LinkedIn followers
- 500 followers
About Ritch Milby
Model Risk Validator & Developer __ Wells Fargo Bank; SVB-Silicon Valley Bank; FCB-First…
Experience
VP -- Principal Model Validator
Dec 2021 — Present · San Francisco, CA, US
Model validation team lead for financial crimes risk models -anti-money laundering (BSA/AML), fraud, and economic sanctions/OFAC- in the Model Risk Management (MRM) 2nd line-of-defense group for Silicon Valley Bank. Deep understanding of Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/Office of Foreign Assets Control (OFAC) sanctions end-to-end framework design and implementation, risk identification and quantification, governance and reporting, and advanced data analytics. Subject matter expert per use of machine learning and artificial intelligence (AI/ML) to identify fraud. Extensive experience in assessing the impact of regulatory mandates and defining best practices for compliance with U.S. Federal and international regulations. NOTABLE MODEL Financial Crimes and Sanctions - Compliance and Regulatory Risk Customer Risk Rating (CRR)- Know Your Customer (multiple applications)>> Citadel AML Transaction Monitoring (BSA/AML)>> Actimize SAM (BSA/AML)(legacy)>> Fircosoft Continuity (sanctions)>> Firco Insight (sanctions)>> Silent Eight - SEAR (sanctions)>> Remote Capture Services (RCS) Limits (fraud)>> FICO Falcon (fraud)>> Bottomline WPF (internet fraud)>> UK Card Fraud Profiling Financial - Operations and Market Risk Current Exposure Method (production)>> Operational Deposits (production)>> Capital Ratios and RWA (Risk Weighted Assets)(CCAR)>> Moody\'s Standard Macro-Economic Forecast (CCAR) Principal model validator; In some instances I managed the validations of outside consulting firms or was a team member. Legal proscriptions restrict any detailed discussion of SVB models with recruiters, hiring managers, or the media. Silicon Valley Bank (SVB) is a division of First Citizens Bank. SVB is a commercial, wholesale oriented bank. The legacy SVB Financial Group (SIVB) included the SVB commercial bank, SVB Private Bank, SVB Securities/Capital, and SVB Investments-
Education
University of California, Berkeley
Post-Doc
University of North Carolina at Chapel Hill
Ph.D.
2000 — 2000
University of Kansas
B.A.
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