Terry
Kalra, CAMS
Professional Summary:
Senior Banking & Compliance Professional with 12+ Years of experience with large financial corporations within Global AML Compliance Regimes (Regions - EMEA, NAM, APAC). Expertise in FinTech, Institutional Banking, Corporate Trust, KYC, BSA/AML, Sanctions, GDPR, Risk Program Development, Terrorist Financing, US Patriot ACT, OFAC, FinCEN, and MiFiD I, II.
UMB Bank Corporate Risk Services (BSA AML Manager) – Leading the strategy, implementation, and execution of our BSA/AML program in FinTech, Institutional Banking and Corporate Risk Services, etc. by implementing and monitoring the set forth policies and procedures for customer identification program (CIP), customer due diligence (CDD) and enhanced due diligence (EDD) requirements laid by the regulatory bodies. Developing, reimplementing, and maintaining AML policies, procedures, internal controls, and processes to support AML compliance including execution of the program and reporting to senior management. Serving as the subject matter expert in coordinating with key cross-functional teams (e.g., Engineering, Product, Operations, Data Analytics) to ensure effective implementation and functioning of the program. CDD requirements to the business units and implementing regulatory changes. AML Operations Responsible for the analysis and documentation of the annual BSA/AML risk assessment and ongoing processes for providing money laundering and terrorist financing risks on products, services, customers, and geographic locations. Responsible for ensuring the functionality of the automated surveillance system, fine tuning and enhancements, and coordination of model validation. Responsible for participating in discussions with business unit leadership as it relates to new products/services/customers and providing risk insight related to BSA/AML. Institutional Responsible for designing and implementing AML processes to oversee UMB ?s institutional related lines of business.
Additional Role as UMB Fund Services AML Officer – Overseeing UMB’s AML compliance efforts for the Institutional divisions including: UMB Fund Services, UMB Financial Services, Corporate Trust, UMBF Trust and Agency Services (Ireland), Custody, Investor Services, Investment Banking, Correspondent Banking, Healthcare, and UMB Family Wealth. Responsible for maintaining UMB’s Wolfsberg questionnaire for correspondent banks and UMB’s high risk country designations.
Active with ICI’s Fraud and AML Committees.
Education – Completed Master’s in IT from United Kingdom in 2007 and bachelor’s with Honors in Mechanical engineering from India in 2002.