FCC Model Management Manager
Posted on 3/25/2024
Cross River Bank

501-1,000 employees

"Provides technology infrastructure for financial services"
Company Overview
Cross River Bank stands out as a leading workplace due to its robust technology infrastructure that powers the future of financial services, offering a unique competitive advantage in the industry. The company's proprietary real-time banking core enables it to deliver scalable embedded payments, cards, and lending solutions to millions, demonstrating its technical innovation. Furthermore, its leadership in faster payments and commitment to financial inclusion, as evidenced by its provision of FedNow to extend faster payments reach, showcases its industry leadership and commitment to reshaping global finance.
Financial Services
Data & Analytics

Company Stage

Series D

Total Funding

$987M

Founded

2008

Headquarters

Fort Lee, New Jersey

Growth & Insights
Headcount

6 month growth

0%

1 year growth

3%

2 year growth

26%
Locations
Edgewater, NJ, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Python
Management
SQL
Word/Pages/Docs
Excel/Numbers/Sheets
CategoriesNew
Risk Management
Finance & Banking
Requirements
  • Bachelor's Degree
  • Experience with BSA/AML and OFAC models
  • Knowledge of SQL, SAS, Python, VBA or other programming languages
  • Minimum of 5 years of BSA/AML and OFAC/Sanctions compliance experience
  • Background knowledge of BSA and AML laws and regulations
  • Minimum of 3 years of experience in model risk management
  • Proficient in Microsoft Excel and Microsoft Word
Responsibilities
  • Review Model Validation reports and ensure appropriate actions are taken to document model changes and escalate concerns to management
  • Serve as a primary point of contact for the Bank’s Model Risk Management team in relation to BSA/AML and OFAC Models
  • Drive model improvements from a program management perspective ensuring adherence to any action plan timelines resulting from MRM findings or observations
  • Review compensating controls for models with issues and track remediation activities
  • Ensure that Model Owners are apprised of any model issues and maintain status reporting
  • Lead enhancement activities for internally developed models and serve as primary point of contact for business requirement changes working directly with developers to implement approved changes timely