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 FinTechs

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
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
  • Prior internship experience in financial services or regulatory compliance a plus
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

Cross River Bank provides a range of banking services through its API-driven platform, the Cross River Operating System, which allows FinTech companies to easily integrate customizable and secure banking solutions. The company focuses on "Banking as a Platform" (BaaP), enabling other financial technology firms to create their own products, including payment solutions and money transfers. Cross River has supported small businesses significantly, especially during the COVID-19 pandemic by facilitating access to Paycheck Protection Program loans. The goal of Cross River is to enhance financial services for small enterprises while ensuring compliance with regulatory standards.

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