Juan Montes De Oca
About Juan Montes De Oca
Juan Montes De Oca serves as the Vice President and Senior Compliance Manager for Specialized Compliance at HSBC Global Banking and Markets, where he has worked since 2014. He has extensive experience in anti-money laundering (AML) compliance, having held various roles at notable financial institutions including UBS, Bank of America, and JPMorgan Chase.
Current Role at HSBC
Juan Montes De Oca serves as the Vice President and Senior Compliance Manager in Specialized Compliance at HSBC Global Banking and Markets. He has held this position since 2014, contributing to the compliance framework within the Greater New York City Area. His responsibilities include overseeing compliance measures and ensuring adherence to regulatory requirements.
Previous Experience in Compliance
Montes De Oca has extensive experience in the compliance sector, having worked in various roles across multiple financial institutions. He was a Senior AML Consultant at Helm Bank USA for two months in 2014 and held a similar position at JPMorgan Chase for one month in the same year. His previous roles also include Senior AML Audit Consultant at TD and Associate Director – AML Compliance Officer at WestLB.
Educational Background
Juan Montes De Oca studied at Queens College, where he earned a Bachelor of Applied Science (B.A.Sc.) in Accounting from 1986 to 1989. He furthered his education at New York University, achieving an Advanced Professional Certification in Info Systems Audit, focusing on Accounting and Finance from 1990 to 1991.
Expertise in Risk Management
Montes De Oca provides guidance to the Higher Risk Review Team regarding the implications of negative news, such as regulatory penalties and OFAC enforcement actions, on customer risk ratings. He is responsible for assessing high-risk correspondent banking relationships in North and Latin America and collaborates with the Latin American Sanctions Executive Committee on transaction monitoring alerts.
Contributions to AML Training
In his role at HSBC, Montes De Oca acts as a Subject Matter Expert with the Global Banking and Markets’ Educational/Training Team. He is involved in developing mandatory Anti-Money Laundering (AML) training materials that comply with recommendations from regulatory bodies, including the OCC, FINRA, and SEC.