Risk Management Credit Regulatory Compliance
Resume:
MICHAEL C MILAM
Riverview, FL
Core Competencies
Corporate Risk and Control Management focused on AML SAR filing both domestic and overseas.
Senior level management of Credit and Risk Management departments
Reporting to C-Suite all analytics and specific KRI’s having to do with credit risk including forecasting
Business Unit Compliance/Risk Assessment
Evidence-Based Control Evaluations
ERM – Domestic Risk, Corporate & Credit Risk
Federal Compliance (Reg Z, KYC/AML, UDAAP)
Board Policy Ownership
Internal Policy Review focused on regulatory requirements.
Transactional Acquiring
Financial Viability Analysis
Concentration of Policy Limits
Complaint Management
Leadership of Credit and Risk Management professionals
Professional Experience
Deloitte & Touche, Remote (January 2021 to Present)
Senior Controls Analyst (Contract)
Assigned to a client for a Consent Order mitigation project with a major financial institution.
Utilize Evidence-Based Control Evaluation methods to review existing controls.
Facilitate focus group discussions with client business line management regarding MCRs.
Provide monthly reporting to senior management regarding progress on specific project segments and overall results of reviews completed by the team.
Assigned as Team Lead for a group of up to 10 analysts.
Lead control mapping efforts for specific client business lines.
Review control gaps and provide recommendations based on best practices and federal regulatory requirements.
Assigned to CPQ teams for FAQ creation and new hire onboarding and training.
Act as SME for issues regarding UDAAP, AML/KYC, and Reg Z issues and concerns.
Suncoast Credit Union, Tampa, FL (January 2019 to January 2021)
Regulatory Compliance Advisor (FTE)
Assisted business units with regulatory questions and concerns.
Performed Quarterly Concentration of Policy Limits reviews.
Compliance review of marketing materials prior to publishing.
Worked with business units in assessing the effects of RFIs requested by state or federal regulators.
Participated in Regulatory Change Management by monitoring alerts from state and federal agencies.
Performed business unit Risk Assessments on ERM (AML/BSA), InfoSec and Collections groups. Risk assessments include Risk Identification, Control Identification, Control Assessment, Remediation, and Reporting.
Kept main regulation tracking system updated with new, or updated, regulations announced.
Interfaced with specific business units to conduct Business Unit Risk Assessments
Monitored proposed regulations currently being discussed in Congress.
Assisted Compliance Analyst with testing internal controls and assessing effectiveness.
Utilized Kanban Production tracking to provide weekly and monthly production updates to senior management.
Quarterly complaint analysis to identify potential UDAAP or other regulatory issues.
Personal time off (June 2018 to December 2018)
Sterling Payment Technologies, Tampa, FL (January 2006 to May 2018)
Sr. Manager, Risk & Underwriting (FTE)
Managed annual Risk audits with MasterCard, Visa, Discover, and Wells Fargo.
Designated AMLO for Florida/Southeast Region.
Corporate Policy Development (AML/KYC, Credit and Risk Appetite).
Corporate level budgetary responsibility based on losses and new merchants added.
Managed Risk of $11 billion annually portfolio with 10% minimal growth year over year.
Managed up to 5 departments of compliance/risk analysts, underwriters, and director-level personnel.
Interfaced with Sponsor Bank Wells Fargo as relationship manager for all risk and compliance-related items (Regulatory oversite by Sponsor).
Interfaced with Local and Federal authorities regarding fraud/AML and criminal investigations affecting internal company matters and internal matters with which the company is required for investigation purposes (records, transaction history, subpoenas, etc.).
Maintained annual reviews of all regulatory, risk, and underwriting policies to ensure minimal losses while allowing the sales force to grow the portfolio.
Participated with large merchants, $100mm more annually, in setting up Best Practice risk and compliance policies.
Developed, or sought out, tools to further automate the regulatory, risk, and underwriting process to keep headcount low for budgetary considerations.
Participated in weekly and monthly, meetings with Chiefs and Sales executives to maintain accountability for metrics and provided an open line of communication between the divisions.
Analyzed high-level data for trends and potential long-term issues that could leave the company exposed to criminal activity or federal security.
RBS, Atlanta, GA (June 1994 to October 2005)
Manager, Risk & Underwriting (FTE)
Created processes and procedures for risk and underwriting area for a company growing from 300 apps a month to 3000 a month.
Corporate Vendor Relationships.
Developed and enhanced relationships with Direct Sales Regional Managers and ISOs.
Developed and grow an underwriting and risk area from zero.
Interfaced with internal operations managers to develop and maintain SLAs.
Frequently interfaced with Internal Sales executives regarding underwriting policy, application issues, and sales concerns regarding operational issues.
Budgetary responsibility for managing losses and application counts.
Analyzed portfolio quarterly by SIC/MCC for indications of negative trends or other fraud issues within the portfolio.
Education
BS Banking & BS Finance, Franklin University, Columbus, OH
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