Efren Marquez Alba, Engagement Director at Treliant, has over 30 years of leadership experience in financial services and professional services advisory organizations. His areas of expertise include a range of Bank Secrecy Act/Anti-Money Laundering (BSA/AML), Office of Foreign Assets Control (OFAC), and Patriot Act requirements. These include regulatory program compliance, risk identification and measurement, BSA systems and technology administration, suspicious activity investigations, Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), BSA compliance program independent assessment, quality assurance, written policies and procedures, regulatory relations, and operational efficiency and effectiveness. Efren has worked at the global, national, and regional level with commercial banks, savings and loans, broker-dealers, investment advisors, and credit card associations. He has participated as a key manager in addressing multiple regulatory enforcement actions involving correspondent bank and wire transfer transaction reviews and EDD lookbacks, restructuring of departments reporting to Financial Intelligence Units (FIUs), 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 independent advisory work for financial institutions through several professional services advisory firms, including Deloitte Forensic and Advisory Services and Dominion Advisory Group, as well as BSA compliance management roles at Union Bank NA and Bank of the West. In his bank management roles, he has acted as a senior BSA compliance specialist and as a senior manager within FIU operations and BSA systems and technology groups including analytics, model governance, and special initiatives. His experience includes rule development and implementation, operations management, and quality assurance for US dollar clearing transaction lookbacks for currency exchange bureaus, foreign correspondent banks, US 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 including Actimize, Oracle Mantas, Patriot Officer, BAM, Norkom Detica, World-Check, Accuity FircoSoft, and LexisNexis Bridger Insight XG.

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. He is a Certified Anti-Money Laundering Specialist (CAMS) and has working conversational fluency in Spanish.

Areas of Specialization

  • Anti-Money Laundering / Bank Secrecy Act
  • Commercial Banking
  • Compliance Programs
  • Due Diligence
  • Financial Investigations
  • FinTech Compliance
  • Independent Monitorships and Consultancies
  • Lookbacks
  • Model Validation
  • OFAC / Economic Sanctions
  • Project Management
  • Regulatory Exam / Management
  • Remediation Plans / Implementation and Effectiveness Testing
  • Risk Assessments
  • Strategy / Strategic Planning