Compensation Overview

Who We Are

Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion. 

We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.

What We’re Looking For

This position sits within the bank’s Client Due Diligence (CDD team) and will be responsible for conducting client due diligence at a onboarding and ongoing basis, including reviewing fintech partner’s BSA/AML and OFAC policies as well as its independent audit reports. The analyst will be working with various internal stakeholders, such as bank compliance, legal, operations, sales, implementations, to ensure that the partners we bring in are compliant with current regulations and aligned with the bank’s own policies on an ongoing basis.

The Compliance team cares about the partner’s onboarding experience, and we have fun doing it. If you like challenging problems, are analytical, and a great team player—we want to hear from you!

Responsibilities:

The responsibilities of the Business Risk BSA Analyst can be broken up into 4 main focus areas: client due diligence review, policy reviews, business model and flow of funds analysis, and partner communications.

Client Due Diligence Reviews

• Perform due diligence review potential partners and assess whether its business is within the bank’s risk appetite.
• Conduct research on partner’s license, regulatory status, perform sanction/PEP/adverse media screening, etc.

Policy Reviews

• Review and document BSA policy reviews in accordance with internal SLAs.
• Work closely with the partner and other Lines of Business to provide feedback on alignment.
• Determine relevant policy elements required based off risk and business type.

Business Model and Flow of Funds

• Analyze and understand the partnership.
• Determine if the flow of funds is supportable from functional standpoint and a regulatory standpoint.
• Identify and escalate any known risks to management

Communication

• Effectively communicate policy feedback to the client and other stakeholders or Lines of Business.
• Work with the partner to gain insight into their business model and processes.
• Have a professional approach when communicating either verbally or in writing to the partner or Lines of Business.

Qualifications:

• At least 5 years of experience in AML and fraud monitoring and investigations at a financial institution. 
• Expertise with FinTech business models and flow of funds. 
• Proficient in Microsoft Excel and Microsoft Word.
• Excellent written, verbal and analytical skills.
• Strong organizational and record keeping skills.
• Ability to work collaboratively with the business and other key stakeholders.
• Expertise Money Service Businesses

#LI-JJ1 #LI-Hybrid

Salary Range: $65,000.00 - $85,000.00