Full-Time
Associate – Fair & Responsible Banking
Posted on 7/10/2025
Cross River Bank
1,001-5,000 employees
API-driven banking platform for fintechs
Compensation Overview
$80k - $120k/yr
Edgewater, NJ, USA
Hybrid
Hybrid role; on-site in Fort Lee, NJ required.
 Finance & Banking (1) |
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- 4+ years of combined fair lending/fair banking and other related consumer compliance experience in consumer financial services or a regulatory agency
- Working knowledge of fair lending and fair banking-related laws and regulations, including, but not limited to, the Equal Credit Opportunity Act (ECOA/Reg B), Unfair Deceptive Abusive Acts and Practices (UDAAP), the Fair Housing Act (FHA), and the Fair Credit Reporting Act (FCRA)
- Familiarity with fair lending analytical techniques, including but not limited to raw disparity and regression analysis
- Understanding of consumer and commercial/business loans and associated banking documentation, servicing, and operations
- Bachelor’s degree
- Experience acting as a “lead” on compliance/fair lending-related projects and activities, mentoring less experienced team members as necessary
- Experience with audits and regulatory exams
- Computer proficiency, specifically MS Office (Word, Excel, Access, PowerPoint, etc.)
- Strong presentation and communication skills, including technical writing capabilities
- Critical thinking and the ability to synthesize information from various sources and multiple data points across multiple business units to develop a comprehensive assessment of fair lending and fair banking risk
- Strong communication skills with an ability to convey complex topics and recommendations
- Ability to operate successfully in a fast-paced environment
- Ability to collaborate successfully across internal teams and third-party relationships
- Strong planning and organizational skills
- Use fair lending subject matter expertise to implement risk identification and monitoring activities to proactively identify products, models, policies, practices, etc. that create fair lending risk or may result in unfair treatment
- Conduct work related to fair lending risk assessments
- Review change management and marketing materials/campaigns to identify potential fair lending concerns
- Monitor and identify potential fair lending concerns related to complaints and complaint trends
- Conduct onboarding third-party fair lending due diligence reviews
- Assist management with the compilation of information for reporting, monitoring fair lending related issues, as well as audit and regulatory requests
Cross River operates as a bank that provides Banking as a Platform (BaaP) through its API-driven Cross River Operating System, enabling FinTechs and small businesses to access core banking services like ACH, wire transfers, card disbursements, and money transfers. These services are exposed via APIs so partners can build and scale their own financial products. The company earns fees from platform usage, including transaction, loan origination, and compliance services, and emphasizes regulatory compliance and risk management. Its goal is to help fintechs and small businesses deploy and manage financial services efficiently on a secure, customizable banking infrastructure.
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$1.2B
Headquarters
Fort Lee, New Jersey
Founded
2008
Simplify's Take
What believers are saying
- The $50 million T. Rowe Price-led raise funds AI and crypto expansion.
- Visa stablecoin settlement pilots position Cross River for always-on payment infrastructure.
- Large partner facilities like Upgrade and Figure expand fee income and lending scale.
What critics are saying
- Regulatory scrutiny remains high after past BaaS control failures and consent orders.
- Crypto exposure ties Cross River to volatile counterparties and changing compliance expectations.
- Partner concentration creates revenue shocks if major fintechs reduce volumes or exit.
What makes Cross River Bank unique
- Cross River pairs FDIC-insured banking with API-driven embedded-finance infrastructure.[1][2]
- It combines payments, cards, lending, and crypto rails for fintech partners.[2][3]
- Its proprietary real-time banking core supports scalable banking-as-a-service offerings.[4][5]
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Your Connections
People at Cross River Bank who can refer or advise you
Benefits
Generous parental & leave policies
Completely subsidized health, dental, & vision insurance
Complimentary dry cleaning
On-site haircuts
Endless snacks
Company events
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Cross River Bank has raised $50 million from existing investors, with funds advised by T. Rowe Price leading the round. The fintech-focused lender plans to use the capital to expand further into artificial intelligence and cryptocurrency. The new investment values Cross River at slightly more than $3 billion, according to a person familiar with the matter. The company had previously sought a valuation exceeding $3 billion in a 2022 financing round. The exact valuation details were not disclosed.
Mastercard's crypto move and other digital transactions news briefs from 3/11/26. * Mastercard Inc. has launched its Crypto Partner Program, an effort to bring together more than 85 companies and financial institutions involved in cryptocurrency payments around the world. The aim is to encourage dialogue and collaboration on crypto-based ventures. * Bilt Technologies Inc., a payments and rewards platform related to homeownership, announced it has acquired Sion Inc., a commission-management platform for travel advisors, for $30 million. Bilt says the deal will reinforce its business in travel rewards. Sion says it has 8,000 users. * Finzly Inc., a payments-technology provider to financial institutions, launched Token Galaxy, a service supporting banks that seek to work more readily with both traditional and tokenized forms of currency and to connect with multiple blockchains. * Payment-data security platform Bluefin Payment Systems LLC said it has agreed to offer a wider set of services, including PCI-validated point-to-point encryption (P2PE) capabilities, to Volante Systems, a foodservice point-of-sale provider. * The processing platform Thredd Group Ltd. said it will work with Cross River Bank in a joint effort to offer services that could ease the entry of international fintechs into the U.S. market to launch new payment technologies. * In a measure of its digital connections to customers, Bank of America Corp. said users linked to the bank through various digital services approximately 30 billion times in 2025, up 14% from 2024. * Payoneer Global Inc., a cross-border payments specialist, announced it will work with FundPark to finance client businesses in Hong Kong to spur their growth. * Stake Network Inc., a processor for rent payments and connected rewards, closed on $8 million in new debt and equity financing led by LAGO Asset Management LLC. * Mozark Pte. Ltd., a digital-network testing platform, has closed on a $40-million Series B funding round led by IFC International Finance Corp. * NEACH, the New England Automated Clearing House Association, has appointed Alex Campbell to its board. Campbell is first vice president and chief payments officer at Connecticut On-Line Computer Center Inc., a banking fintech.
Cross River Bank opens Wilmington branch. WILMINGTON - The latest branch for financial services company Cross River Bank officially opened on Feb. 19 at the Market West campus in downtown Wilmington, marking the latest banking company to extend its reach into Delaware. Cross River Bank, which offers a banking-as-service platform to provide infrastructure for fintech companies, signed a five-year lease to To continue reading this article... Plus get 24 issues of DBT, special bonus issues, and discounted registration for our in-person events. - Digital Partners -
Lightspark teams up with Cross River Bank for fiat payments via Bitcoin. The partnership pairs Bitcoin settlement with FedNow plumbing. Lightspark, a Bitcoin Lightning Network startup founded by former Meta executive David Marcus, who oversaw the development of Meta's Libra token, is pushing the idea of using BTC for everyday payments rather than long-term holding. In a Wednesday announcement, Feb. 18, Lightspark said it had teamed up with Cross River Bank, a crypto-friendly, FDIC-insured bank, to support 24/7 settlement of Bitcoin network transactions through the U.S. banking system. Cross River has become a key banking partner for crypto firms in the U.S., providing banking services to companies such as Circle, Coinbase and others, particularly across cards and stablecoin-linked programs. Under the arrangement, Lightspark processes transactions on the Lightning Network, while Cross River settles the fiat legs via faster payment systems such as FedNow. The announcement says the collaboration targets B2B, cross-border and retail flows where immediate settlement materially changes cash management. Usage outpaces TVL. Lightning Network has had a strong but uneven run so far. Total network capacity climbed to new highs in late 2025 before easing slightly in mid-February of this year, while data from DefiLlama shows that total value locked stands near $338 million, a figure likely influenced by Bitcoin's recent price pullback. Despite the relatively low TVL compared to Ethereum Layer 2s, data cited by Sam Wouters, director of marketing at Bitcoin infrastructure firm River, shows the network processed an estimated $1.17 billion in volume in November 2025 alone across more than 5.2 million transactions, with the average Lightning transfer being around $223. Still, Wouters noted that today the "most common use case for Lightning transactions is sending funds from and to exchanges," highlighting how far the network still has to go as a retail payments rail. At the same time, data from Mempoolspace shows growing infrastructure concentration, with more than 40% of Lightning nodes hosted on just two providers, Amazon and Google Cloud, with Amazon alone accounting for over a quarter of the network's node power.
Cross River Bank opens Wilmington branch at BPG's 1000 N West. February 19, 2026 Buccini Pollin Group (BPG) continues to attract prominent commercial tenants to downtown Wilmington with the opening of a new Cross River Bank branch at 1000 N West within BPG's Market West district. The new location establishes Cross River Bank's presence in Delaware while bringing a technology-driven financial institution to one of Wilmington's most active mixed-use campuses. Expanding the Market West business community. Located in the heart of downtown Wilmington, 1000 N West is part of the growing Market West district, a multi-block redevelopment that combines office, residential, retail, and hospitality uses. The district has become a hub for companies seeking a dynamic urban environment with access to housing, restaurants, and other downtown amenities. The addition of Cross River Bank further strengthens the growing business community within Market West and reflects continued demand for high-quality office space in Wilmington's central business district. Supporting Wilmington's financial services sector. Cross River Bank is widely recognized for its role in powering financial technology platforms and providing innovative lending and banking solutions across the United States. Establishing a Wilmington branch allows the company to expand its footprint while connecting with Delaware's strong financial services ecosystem. The presence of financial and technology-focused companies downtown contributes to increased business activity and helps support Wilmington's long-standing role as a center for banking and financial services. Driving continued growth in downtown Wilmington. Through projects like Market West, BPG has invested heavily in transforming downtown Wilmington into a vibrant mixed-use district that supports both businesses and residents. The addition of companies like Cross River Bank reinforces the district's role as a destination for leading organizations while contributing to the continued economic growth of the city.