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Full-Time

Product Lead

Business Banking

Posted on 6/18/2024

Cross River Bank

Cross River Bank

501-1,000 employees

API-driven banking services for FinTech companies

Data & Analytics
Fintech
Crypto & Web3
Financial Services

Compensation Overview

$200k - $230kAnnually

Senior, Expert

Edgewater, NJ, USA

Category
Product Management
Product Strategy
Product
Required Skills
Sales
Communications
Segment
Marketing
Requirements
  • Proven track record of successfully launching and scaling Banking products
  • 5+ years’ experience in Product Management role
  • Strong understanding of financial services industry regulations and best practices
  • Data-driven mindset with strong analytical and problem-solving skills
  • Exceptional leadership, communication, and interpersonal skills, with the ability to influence stakeholders at all levels
Responsibilities
  • Own the long-term product vision for Cross River Business Banking
  • Own short- and long-term execution
  • Conduct regular stakeholder updates, including but not only at Executive level
  • Identify the target segment, work cross-functionally to establish the requirements, and coordinate the end-to-end execution
  • Champion a client-centric approach, ensuring all product development starts and ends with the client in mind
  • Implement Objectives and Key Results, pre and post launch
  • Ensure proper governance around the initiative and support audit activities
  • Execute the go live strategy with design, marketing, sales, and relevant stakeholders
  • Foster a culture of continuous improvement with iteration, retrospectives, and direct communication
  • Partner with the Data team to develop and maintain tracking and reporting of KPIs

Cross River Bank combines traditional banking with technology solutions in the FinTech sector, offering an API-driven platform called the Cross River Operating System. This platform allows other FinTech companies to integrate customizable banking services, including payment solutions and loan origination. Unlike its competitors, Cross River focuses on providing "Banking as a Platform" (BaaP), enabling businesses to utilize its infrastructure for their financial products. The company's goal is to support small businesses and FinTech companies by providing them with the necessary tools and services to succeed.

Company Stage

Series D

Total Funding

$987M

Headquarters

Fort Lee, New Jersey

Founded

2008

Growth & Insights
Headcount

6 month growth

1%

1 year growth

1%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Cross River's role in distributing over 100,000 PPP loans during the COVID-19 pandemic highlights its operational efficiency and commitment to small businesses.
  • Partnerships with companies like MassPay to expand instant payment access demonstrate Cross River's ability to innovate and meet the evolving needs of the gig economy and other sectors.
  • Recognition as a 'Premier Lender' by the New Jersey Economic Development Authority enhances Cross River's credibility and attractiveness to potential clients.

What critics are saying

  • The highly competitive FinTech sector requires continuous innovation to maintain a competitive edge, posing a challenge for Cross River.
  • Dependence on partnerships and collaborations may expose Cross River to risks if these relationships falter or if partners underperform.

What makes Cross River Bank unique

  • Cross River uniquely combines traditional banking expertise with advanced FinTech capabilities, offering a comprehensive API-driven platform that sets it apart from conventional banks.
  • Their 'Banking as a Platform' (BaaP) model allows other FinTech companies to build their own financial products, providing a level of customization and integration that is rare in the industry.
  • Cross River's strong emphasis on compliance and regulatory standards ensures a secure and trustworthy platform, which is crucial for their diverse clientele.

Benefits

Generous parental & leave policies

Completely subsidized health, dental, & vision insurance

Complimentary dry cleaning

On-site haircuts

Endless snacks

Company events

INACTIVE