Internship

Compliance Intern

Confirmed live in the last 24 hours

Cross River Bank

Cross River Bank

1,001-5,000 employees

API-driven banking services for FinTech companies

Fintech
Financial Services

Compensation Overview

$15 - $25Hourly

Edgewater, NJ, USA

Hybrid schedule in Fort Lee, NJ office.

Category
Risk & Compliance
Legal & Compliance
Required Skills
Word/Pages/Docs
Risk Management
Excel/Numbers/Sheets
Requirements
  • Currently pursuing a legal degree
  • Strong interest in compliance and financial services
  • Excellent written and verbal communication skills
  • Strong attention to detail and ability to analyze laws, rules, and regulations
  • Proficiency in Microsoft Word, Excel and PowerPoint
Responsibilities
  • Meet with and shadow compliance team members to get an understanding of compliance and compliance careers
  • Conduct research on relevant financial regulations, industry standards, and legal requirements affecting Cross River
  • Assist in monitoring updates and changes to compliance related laws, rules, and regulations
  • Assist in the creation of regulatory training content for employees
  • Assist in reviewing and updating internal compliance document, policies and procedures
  • Work with legal, risk management, and other departments to ensure company-wide compliance with applicable regulations
Desired Qualifications
  • Prior internship experience in financial services or regulatory compliance a plus

Cross River Bank combines traditional banking with technology, offering a range of services through its API-driven platform, the Cross River Operating System. This platform allows FinTech companies to easily integrate customizable banking services, including payment solutions and loan origination. The company stands out by providing a 'Banking as a Platform' model, which supports small businesses and other financial technology firms, especially during critical times like the COVID-19 pandemic. Cross River's goal is to empower its clients by providing the necessary infrastructure to succeed in the financial sector.

Company Stage

Late Stage VC

Total Funding

$824.9M

Headquarters

Fort Lee, New Jersey

Founded

2008

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for real-time payments offers expansion opportunities for Cross River.
  • Record-breaking new business applications in 2023 present a market for Cross River's services.
  • Support for FDIC's custodial rule could enhance Cross River's credibility in the fintech space.

What critics are saying

  • Increased competition from credit unions may challenge Cross River's instant payment market share.
  • Tightened lending standards and rising interest rates could reduce Cross River's loan revenue.
  • Past FDIC consent order may impact Cross River's reputation and regulatory standing.

What makes Cross River Bank unique

  • Cross River combines traditional banking with innovative fintech solutions for unique offerings.
  • The company provides a customizable, API-driven platform for seamless fintech integration.
  • Cross River's commitment to compliance ensures secure and regulatory-compliant financial services.

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Benefits

Generous parental & leave policies

Completely subsidized health, dental, & vision insurance

Complimentary dry cleaning

On-site haircuts

Endless snacks

Company events