Efren Marquez Alba is an Engagement Director with Treliant. His areas of expertise include a range of AML, sanctions, and other financial crime domains, including regulatory program and program management, risk identification and measurement, suspicious activity investigations, Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), systems and technology administration and business operational usage, model risk management, independent assessments, quality assurance, policies and procedures, management reporting, and operational efficiency and effectiveness. Efren has worked with global, national, regional, state, and community commercial banks, broker-dealers, registered investment advisers, and financial technology (FinTech) companies. He has acted as a key manager in addressing multiple regulatory enforcement actions involving correspondent bank and wire transfer transaction reviews and EDD lookbacks, FIU restructuring, and BSA/AML/sanctions model risk management. He has also designed and documented various risk models including customer, country, enterprise money laundering, and terrorist financing risk.
Efren’s BSA compliance experience includes 11 years of advisory assistance to financial institutions with Treliant, Deloitte, and Dominion Advisory Group. He has also held BSA compliance management roles at Union Bank N.A. and Bank of the West where he had responsibility for transaction and EDD lookback reviews, FIU re-engineering and day to day operations, AML and sanctions systems and technology, risk models and model usage, and documentation. His experience includes rule development and implementation, operations management, and quality assurance for U.S. dollar clearing transaction lookbacks for currency exchange bureaus, foreign correspondent banks, U.S. commercial banks, and foreign agency bank branches. He has built and trained investigative, technology, and analytic teams for several financial institutions and has acted as a responsible party in addressing extensive required remediation. He has had key involvement in implementations, management, or assessments of automated transaction monitoring, sanctions watch-list filtering, currency transaction reports and case management, and regulatory e-filing applications.
Efren received a BA from the University of Massachusetts at Boston in English Literature and completed coursework in International Political Economy and International Business at Columbia University’s School of International and Public Affairs. Efren has working conversational fluency in Spanish.
Areas of Specialization
- Anti-Bribery and Corruption
- Anti-Money Laundering / Bank Secrecy Act
- Commercial Banking
- Compliance Programs
- Due Diligence
- Financial Investigations
- FinTech Compliance
- Independent Monitorships and Consultancies
- OFAC / Economic Sanctions
- Project Management
- Regulatory Exam / Management
- Remediation Plans / Implementation and Effectiveness Testing
- Risk Assessments
- Strategy / Strategic Planning