Internship

Enterprise Risk Management 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

This internship will have a hybrid schedule in our Fort Lee, NJ office.

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Requirements
  • Currently pursuing a bachelor's or master's degree in finance, Economics, Mathematics, Statistics, Business Administration, Legal or a related field.
  • Ability to think critically and propose solutions to mitigate risks.
  • Strong time management and ability to handle multiple tasks simultaneously.
  • Excellent verbal and written communication skills to present findings and recommendations effectively.
  • High attention to detail and ability to work under tight deadlines in a fast-paced environment.
Responsibilities
  • Learn key concepts of Banking, Fintech, and how Enterprise Risk Management enables key decision making of an organization.
  • Apply key concepts learned to conduct research and gather data related to risk management activities across the enterprise through various systems and sources of record.
  • Identify a project topic related to Enterprise Risk Management to leverage key concepts learned and apply in a practical manner at the conclusion of the internship.
  • Support the Enterprise and Third Party Risk Management Teams in reviews of key business and functional area’s policies and procedures to assist in verifying key controls.
  • Support the Third Party Risk Management team on initiatives related to third-party reviews and contracts.

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