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 USA PATRIOT Act requirements. These include design, implementation, independent assessment and enhancement of BSA/AML and OFAC programs and program frameworks, risk assessment including underlying inherent customer and geographic risk models, BSA systems and technology administration including implementation and management of transaction monitoring systems, suspicious activity investigations and SAR filings, Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), quality assurance, and written policies and procedures. Efren has participated in multiple regulatory enforcement actions including US DOJ Corporate Compliance Monitorships and bank regulatory actions including Independent Consultancies required under Cease and Desist Orders, informal Consent Orders involving Matters Requiring Attention (MRAs) and Matters Requiring Immediate Attention (MRIAs), mandated transaction reviews, as well as regulatory remediation action validation. As a previous operational manager, Efren brings value to financial institutions in achievement of efficiency objectives.
Efren has substantial experience in the design and independent assessment of the BSA/AML and OFAC compliance programs of consumer- and business-focused B2C, C2C and B2B Financial Technology companies operating within the bank strategic partnership program operating model within the marketplace lending (MPL), payment processing and money transfer eco-systems. Efren has also assisted start-up cryptocurrency firms in establishment of BSA/AML and OFAC compliance programs as licensed money transmitters.
Efren has previously worked for two large national banks in key BSA/AML 2nd line of defense compliance roles in addition to two financial crime consultancies.
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