Efren Marquez Alba is an Engagement Director with Treliant. His financial crime experience includes Anti-Money Laundering/Counter-Terrorist Financing (AML/CFT), sanctions, anti-bribery and -corruption, and fraud.

With Treliant, Efren has led independent assessments of compliance programs for adherence to the Bank Secrecy Act and Anti-Money Laundering rules (BSA/AML) and to the Office of Foreign Assets Control’s (OFAC’s) sanctions. He previously led the firm’s Financial Crime and Fraud Services team in conducting independent fintech assessments under bank partnership programs. He has also acted as day-to-day engagement lead on three independent consultant BSA/AML and OFAC compliance program reviews for the New York Department of Financial Services and New York Federal Reserve, as well as a U.S. Justice Department corporate compliance monitorship of a major U.S. money transmitter. Additionally, he has participated as a workstream lead or subject matter expert on numerous comprehensive and targeted program reviews and remediations under enforcement actions or resulting from regulatory findings of matters requiring attention and matters requiring immediate attention (MRAs/MRIAs).

Efren’s areas of advisory focus include assisting financial institution management with implementing or enhancing automated transaction monitoring systems, BSA/AML and OFAC risk assessments, customer and geographic risk rating models, suspicious activity investigative processes, customer due diligence (CDD) information collection, enhanced due diligence (EDD) reviews, second-line-of-defense financial crime compliance systems and technology management and business operating effectiveness, model risk management, and management information. He has also assisted financial institutions in enhancing quality assurance processes and aligning first- and second-line-of-defense standards, policies, and procedures.

Efren has 19 years of financial crime compliance experience. He has held BSA/AML compliance management roles at Bank of the West and at Union Bank, as a key member of the team that assisted the bank in the rapid lifting of a cease and desist order from the Office of the Comptroller of the Currency. With both banks, he had responsibility for transaction monitoring systems, analytics for EDD and correspondent banking lookback reviews, financial intelligence unit process reengineering, day-to-day alert triage unit operations, other AML and sanctions systems and risk models, and financial crime compliance model change management process design and documentation. Prior to Treliant, he provided financial crime compliance advisory assistance to financial institutions with Deloitte and the Dominion Advisory Group.

Efren received a BA in English Literature from the University of Massachusetts and completed coursework in International Political Economy and International Business at Columbia University’s School of International and Public Affairs. He has conversational fluency in Spanish and has worked and traveled extensively overseas.

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
  • Lookbacks
  • OFAC / Economic Sanctions
  • Project Management
  • Regulatory Exam / Management
  • Remediation Plans / Implementation and Effectiveness Testing
  • Risk Assessments
  • Strategy / Strategic Planning