Ernesto Larrea, AMLCA

Ernesto Larrea,Vice President & Senior Consultant
Vice President & Senior Consultant

Vice President & Senior Consultant

M r. Larrea is Vice President & Senior Consultant at CSMB. He is an international banking executive with over 30 years’ experience in the field, focusing on Correspondent Banking in Latin America and the Caribbean. Mr. Larrea has extensive working knowledge of the commercial financial sector in the region, and a proven track record of building strong banking relationships through satisfying customer needs while meeting corporate objectives in lending, deposits and investments.

Prior to joining CSMB Mr. Larrea was Vice President – Correspondent Banking Officer with Banesco, USA where he started and developed the international correspondent banking unit in the bank.  In this role, he implemented policies, procedures, products and limits to open relationships with financial institutions in Central America, Caribbean and Venezuela.  Specifically, he strengthened compliance, AML, BSA oversight and reporting and recommended the approval all cross-border country risk exposure limits and purposes to directors as acting country risk manager.

Prior to joining Banesco Mr. Larrea was Vice President International Banking at the Bank of Miami where he was responsible for relationships with financial institutions in Central America, Caribbean and South America, marketing international trade finance and treasury services, as well as managing country risk allocations.  In this role, he strengthened compliance oversight and reporting as well as growing the banks relationships in the market.  Before joining the Bank of Miami, Mr. Larrea served as Manager of Correspondent Baking for the Banco Internacional de Costa Rica, Miami Agency (BICSA) where he expanded the client base in Latin America with an institutional emphasis that included commercial banks, government institutions and central banks.  He identified, developed and maximized relationships with financial institutions through trade finance, depository and investment products resulting in increasing the yield on earning assets and increasing the deposit base.  He also built the loan portfolio from $50 million to over $200 million and deposits to average over $100 million.

Mr. Larrea has a Master’s Degree in International Business from Florida International University, and a Bachelor of Science in Business Degree from the University of Minnesota – Carlson School of Business. Furthermore, he is certified as an Anti-Money Laundering Certified Associate (AMLCA) by the Florida International Bankers Association and Florida International University (FIU).

Mr. Larrea is fluent in English and Spanish, proficient in Portuguese.