Associate Director – Compliance Risk Analytics
Ray Raphy (1)

Ray is an Associate Director based in New York at Exiger Analytics, a specialized division that combines cognitive computing with deep domain and systems expertise to deliver the firm’s data-driven solutions and services. He is a trained authority on Financial Crime Compliance Analytics, Risk Data Analytics, Risk Modeling and Quantitative Analytics.


Ray has considerable experience in Compliance Technology Systems, Risk Data Analytics, Model Development & Validation, Risk Methodologies & Systems and Risk Reporting.

With Exiger, Ray has worked on multiple reviews of Compliance Technology Systems, processes and data covering Transaction Monitoring, Sanctions Screening, Customer Risk

Rating & KYC. He has also worked on the development of Risk Assessment methodology pertaining to the extraction, validation and documentation of the critical data elements used in the methodology.

Ray joined Exiger from Credit Suisse, where he was a Vice President performing Counterparty Credit Risk Analytics and Reporting for the derivatives trading desk. In this role, he primarily focused on risk data analytics of derivatives trades to generate actionable trade recommendations supporting RWA reduction efforts of the bank.

Prior to joining Credit Suisse, Ray was a Modeling Manager at GE Capital where he was a part of the Model Development Center-of-Excellence. He worked on the development and validation of statistical models for portfolio valuation, residual value calculations and CCAR stress testing. Ray also worked on developing the SR11-7 based model risk management framework for GE Capital.

Before GE Capital, Ray worked as a Quantitative Risk Consultant with IBM Corporate Headquarters performing risk modeling and analytics work for IBM treasury and ERM teams. He also worked on Development Risk Management for a variety of Systems Technology Group projects.

Prior to the quantitative risk career, Ray worked in Research and Development of Computer chips for IBM Systems Group. Ray holds 7 US patents in the field of VLSI Design from his work in IBM.


  • Vice President, Risk Analytics and Reporting at Credit Suisse
  • Modeling Manager, Model Development COE at GE Capital
  • Quantitative Risk Consultant, CHQ at IBM Corporation
  • Advisory Scientist/Engineer, Systems Technology Group at IBM
  • University of Connecticut, MS Financial Risk Management
  • Manhattan College, MS Computer Engineering
  • Cochin University of Science & Technology, MS Electronics Science
  • Mahatma Gandhi University, BS Physics
  • English
  • Hindi
  • Malayalam

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