The diagram that WVBill showed is the way to do it. The deadman anchors and drainage gravel together dramatically reduce the likelihood that the vertical face will start to shift outward due to frost or ground compression pressure on the ramp side. Ground contact treated wood will last a long time and IMO looks pretty good, too. Even if you built a rock or concrete wall/berm, it would be a good idea to back it with both drainage gravel and the deadmans.
I saw some interesting wall blocks being installed at a road project near my home. The blocks were sort of L-shaped with one leg of the L being the deadman and the other the face, and they interlocked with tongue and groove mating surfaces. These were concrete, of course, but the face side was a textured concrete that actually looked a lot like rock...all in all very esthically pleasing. Budget quickly becomes an issue when you start to deal with commercially-available retaining wall materials. Not only are these new-price expensive, but many are beyond the ability of a homeowner to install...so contractor costs come into play.
Wood is a lot more amenable to DIY and give considerable flexibility in design, too.