ASHISH KUMAR

First Line Business Operations (Shared Services) and Second Line Anti Money Laundering (AML)

• Process and Data Product Management (Agile methodology):

* Define annual objectives and secure funding (~$5M) for capital and operational expenses.
* Create roadmaps for technology products aligned with business and regulatory needs.
* Lead agile planning and ensure stakeholder communication for progress tracking.
* Manage product analysts and agile squads for operational efficiency enhancements.
* Drive innovation through user experience design and customer data analysis.
* Oversee API changes for data movement controls within the enterprise architecture group.
* Implement KYC and sanctions data metric engine for reporting and risk assessments.

• Control Gap Assessment, Data Management, Vendor Data Sourcing, and Data Issue Remediation:

* Analyze gaps between GFC policy and operations procedures, driving compliance.
* Lead AML and sanctions risk assessments, focusing on mitigating inherent risks.
* Spearhead KYC and screening controls for digital channel rollouts.
* Manage data issue remediation, ensuring legal, compliance, and operational risk mitigation.
* Coordinate real-time data integration across systems, improving data accuracy.
* Oversee FDIC part 370 implementation with consulting teams.
* Chair FCC process change management and data management working committee meetings.
* Manage Big 4 consulting engagements for financial crime compliance.
* Develop vendor relationships and implement technology solutions.
* Support data management training and perform data analysis when needed.
* Lead recruitment efforts and mentor junior staff.

Business Lines: Retail Banking, Small and Medium Enterprise, Corporate Commercial Bank, and Wealth Management

Financial Crime Compliance (Second Line) Data Governance and Analytics:

• Managed a team of four, focusing on data organization, governance, quality, and architecture.
• Conducted data governance reviews, assessments, taxonomies, data quality management, and reporting.
• Established data quality approach and lineage for compliance systems enhancements.
• Led data remediation initiatives for closure and verification of compliance issues.
• Presented at regulatory examination meetings with Federal Reserve (FRB) and NYDFS on data governance.
• Led real-time and batch sanctions screening system implementation for legal entity/customer reference data, vendor, employee, settlement instruction, and wire transactions.
• Managed change management for sanctions application infrastructure, ensuring user access segregation, and periodic access recertification.
• Partnered with GFC sanctions stakeholders on sanctions list governance, global screening standards, and internal list management.
• Oversaw control alignment assessment for various sanctions programs.
• Led technology vendor product implementation for suspicious activity monitoring and sanctions watchlist filtering.
• Supported Big 4 engagements on annual model validation and assessments.

MUFG Union Bank (Global Financial Crime Division) - Article VII (Regulatory Consent Order)

• Led the alignment of MUFG target operating model processes with global KYC and financial institution (FI) standards.
• Oversaw KYC process interim state workstream, performing control gap analysis and proposing changes for Article VII consent order compliance.
• Drafted KYC procedures for enhanced due diligence of FFIs.
• Drove transaction due diligence data requirements and statistical analysis techniques for high-risk products.
• Led data, process, and reporting requirements for nested activity analysis based on FFI definitions.
• Gathered Key Performance Indicators (KPIs), Key Risk Indicators (KRIs), and control reporting requirements.
• Managed the agenda for system, people, and process efficiency and effectiveness to meet consent order mandates.

Second Line (3.5 Years): Global Financial Cime (GFC) Strategy and Change Management (Product/Program Manager)

Operations and Technology (2 yrs): Institutional Securities Group Reference Data (Senior Product Manager)

• Led gap assessments between GFC controls and global compliance policy, ensuring adherence to regulatory principles.
• Partnered with legal, risk, and advisory teams to interpret and implement new anti-money laundering policies.
• Oversaw the planning and phased rollout of KYC and screening control environment enhancements.
• Implemented real-time and batch sanctions screening systems, enhancing compliance outcomes.
• Facilitated financial crime target operating model discussions and led system implementation for lines of defenses to optimize operational efficiency.
• Managed consulting workstreams for model risk management and validation.
• Led change management based on findings, addressing issues across lines of defense.
• Implemented global case item framework in Actimize for FCC advisory and central investigation.
• Oversaw systematic suspicious activity report (SAR) filing processes for various business lines.
• Managed GFC compliance data and process product management across multiple geographies.
• Led product management for global central reference data platform and transformation initiative to achieve operational efficiency.
• Managed vendor relationships and facilitated the implementation of AI and NLP solutions.
• Established offshore teams, facilitated 10 Mn USD vendor task orders and managed Big 4 deliverables
• Provided coaching and training to junior team members.

AML, Screening and Trade Surveillance Product Implementation Subject Matter

Clients: Barclays Capital | Bank of Tokyo Mitsubishi-UFJ | Trade Station Securities | LPL Financial

• Led end-to-end implementation of Oracle-Mantas and Actimize AML, Screening, and Trade Compliance products for financial institutions.
• Led risk assessment, customization of models and helped businesses achieve business lines and jurisdictions specific monitoring through descriptive and basic statistical data distribution.
• Developed quantifiable score model based on on-boarding reference data, customer activity review, politically exposed persons, suspicious activity reporting, law enforcement enquiries, escalated subpoenas, open letters, sanctions blocked and/or rejected status and iterative learning from disposition.
• Led advisory efforts during merger to select and sunset AML models.
• Managed and trained a team of nine while supporting business development efforts.

• Implemented in-house custom surveillance models, including US Treasury 314(a) screening requirements.
• Conducted risk assessment workshops with compliance and risk stakeholders.

• Delivered cost effective line of business specific behavior detection solutions by customizing and tuning oracle-mantas transaction monitoring, and sanctions and watchlist filtering screening models

• Designed schemas containing control matrices, audit strategy and logging, and enabled billing mechanism to avoid fraudulent click stream data

• Implemented account opening and account verification modules of the product

• Led data analysis efforts on large data sets to augment business intelligence for telecom giant

Oracle-Mantas Anti Money Laundering (AML) Product Development

• Led design and development of account, employee, registered representative, portfolio manager, trader, customer, household and other logical entity focused surveillance models on large datasets using in house rule-based data mining tool for behavior detection patterns of interest for AML and fraud, trade surveillance and compliance (market abuse and manipulation), broker compliance and mutual fund scenarios
• Conducted tuning and optimization for enhanced performance.