Mr. Vélez joined BDO in Puerto Rico in 2006 as Audit Manager. With over eighteen (18) years of experience, he is now a Shareholder of the Audit and Attest Services Division of the Firm. He has worked in both private and public accounting, focusing his career in financial institutions, manufacturing, insurance companies, retail & distribution, real estate and employee benefit plans, among other industries. His private experience in the banking field exposed him to the implementation of important regulatory frameworks related to bank-secrecy and anti-money laundering regulations.
Sigfredo served as Vice President and Sub Director of Santander Trust (2004 - 2006) where he was in charge of the operations, compliance and reporting of a banking unit with $4 Billion in assets under management; having the oversight of employee benefit plans, corporate trusts, mutual funds administration, and IRA accounts among others. During this time, Mr. Vélez gained hands-on experience in complex operations, such as: the administration of public debt issuances and collateralized debt instruments, mutual funds pricing, electronic and physical custody of financial instruments, among others bringing experience of the operational side of the funds. He was also in charge of the transfer agency and paying agent functions operations for the First PR Family of Funds and performed collateral quality verifications for the Santander Funds.
He started his professional career in Price Waterhouse (now PwC), San Juan office, where he spent 6 years, from entry-level until manager promotion in 2002.While at PwC, Sigfredo also served as national instructor for the PwC Learning and Education Team in Puerto Rico, Boston and New Jersey.
American Institute of Certified Public Accountants
Florida Institute of Certified Public Accountants
Puerto Rico Society of Certified Public Accountants
Bachelor’s Degree in Business Administration with a major in Accounting and Finance from the University of Puerto Rico, Mayaguez Campus
Highest passing score of the CPA Examination