Vice President – Consumer and Counterparty Credit Risk @ Cross River Bank

Who We Are

Cross River builds the infrastructure behind the world’s most innovative financial products. Our technology and capital solutions power payments, cards, lending, and digital asset capabilities that move money safely, instantly, and inclusively — trusted by leading fintechs, enterprises, and disruptors across the globe.

Our mission is simple: to build the financial infrastructure that expands access and opportunity for all. Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker’s Best Places to Work in Fintech year after year. Whether you’re designing code, solving regulatory puzzles, or developing strategy, you’ll join a team where innovation and integrity drive everything we do — and where your work helps shape the future of finance.

What We're Looking For

Reporting into the Chief Credit Risk Officer, we are seeking a VP, Consumer Credit Risk & Counter Parrty who will be responsible for the 2^nd line oversight of Consumer Credit Risk for retained Consumer Portfolios, Payments, and Structured Financing risk arising from lending against consumer assets to partners or settlement risk with payment processes.

The Head of Consumer Credit Risk will identify, assess, measure, and manage retained credit risk for consumer assets on CRB’s balance sheet. This person will also be responsible for conducting independent credit risk assessments for consumer assets originated through partners, providing effective challenge to first line teams and partner risk teams, and ensuring that significant risks are promptly identified and collateralized.

Responsibilities:

Monitoring and continued enhancement of the credit risk appetite framework as applied to consumer assets.
Identify and develop credit risk metrics reporting (e.g., KRIs and KPIs) to continuously monitor and oversee risk of consumer assets
Provide effective challenge to first line and partner risk teams through independent reviews of critical credit risk processes which includes underwriting, and portfolio management, collections, and recoveries.
Independently review structured credit facilities offered to partners originating consumer assets.
Ongoing monitoring of consumer loan retained portfolios
Approval of limits and reserve settings
Escalate issues and emerging risks in accordance with risk appetite program to Chief Credit Risk Officer and senior management

Qualifications:

15+ years leadership experience in consumer life-cycle risk management covering underwriting, portfolio management, collections, and recoveries.
Experience in profitability-based risk reward assessments (NPV) and use of model-based assessment frameworks.
Significant experience in unsecured closed end, and revolving products. Secured consumer product experience a plus.
Experience in end to end prime-sub-prime portfolio management
Experience with Payments, Nacha rules, and network chargeback rules.
Familiarity with Stress Testing
Strong business acumen with a risk-reward control perspective.
Familiarity with applicable consumer regulatory requirements.
Demonstrated ability to successfully manage multiple priorities under pressure;
Degree in quantitative or a related field

#LI-JJ1 #LI-Hybrid #LI-Onsite

Salary Range: $200,000.00 - $250,000.00

Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.

About the company

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

Post IPO Equity

Headquarters

Fort Lee, New Jersey

Founded

2008

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Simplify's Take

What believers are saying

October 1, 2026 GoodLeap deal deepens Cross River's card issuance and warehouse lending.
July 27, 2026 X Money launched with Cross River powering FDIC-insured accounts.
July 1, 2026 Stripe expanded Cross River support for agentic-commerce virtual cards.

What critics are saying

FDIC's March 8, 2023 consent order still restricts new fintech partnerships.
Cross River's X and crypto deals attract regulators, especially if losses surface in 2027.
Any X Money compliance failure would threaten Cross River's franchise with partners and regulators.

What makes Cross River Bank unique

Cross River pairs bank charters with APIs, powering X Money, Stripe, and GoodLeap.
Its Principal Finance Group bundles credit facilities, card issuance, and payments for fintechs.
Embedded finance 2.0 spans lending, crypto, cards, and compliance in one stack.

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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

Growth & Insights and Company News

Headcount

6 month growth

1 year growth

2 year growth

Yahoo Finance

Oct 16th, 2026

Cross River adds Ripple's RLUSD to core banking, but XRP demand remains unclear

Cross River has added Ripple's RLUSD stablecoin, which runs on the XRP Ledger (XRPL), to its core banking platform. The bank announced the move on October 15. Fintech customers can access RLUSD, ACH, and real-time payments through a single API connection. The service supports round-the-clock transfers between dollars and RLUSD, including cross-border payments and treasury transfers. It is available only in certain states. "Businesses shouldn't have to rely on several different providers to move money across the globe," said Adam Goller, Cross River's head of fintech banking. The deal does not guarantee demand for XRP. RLUSD handles payments, while XRP covers transaction fees and account reserves, so larger stablecoin payments do not require equivalent XRP purchases.

Coinfomania

Oct 15th, 2026

Cross River Bank integrates Ripple's RLUSD on XRP Ledger.

Cross River Bank integrates Ripple's RLUSD on XRP Ledger. October 15th, 2026 Ripple partners with Cross River Bank to integrate RLUSD for 24/7 settlement. This could transform payment services in fintech - read more. Quick take. Summary is AI generated, newsroom reviewed. * Ripple partners with Cross River Bank to enhance RLUSD payments. * Integration aims for 24/7 settlement within payment networks. * This move strengthens Ripple's position in the fintech space. Sponsored: Rainbet - 20k Weekly Raffle FREE ticket, 3000+ Slots/Originals/Sports Claim Ticket Ripple has partnered with Cross River Bank to integrate RLUSD payments into the bank's core banking platform. This collaboration aims to enhance payment infrastructure for fintechs, enabling 24/7 settlements within payment networks. The initiative could significantly improve transaction flexibility and efficiency in the banking sector, as noted in Ripple's tweet. What happened. The broader crypto market is currently displaying mixed signals, with various assets experiencing fluctuations in momentum. Ripple's integration of RLUSD on the XRP Ledger into Cross River Bank's banking platform marks a significant step forward in payment technology. By enabling intraday settlements, this partnership could attract more fintechs looking for efficient solutions. The immediate significance lies in the potential for increased adoption of RLUSD, further solidifying Ripple's presence in the financial services landscape. Key takeaways. * Ripple is partnering with Cross River Bank for RLUSD integration, providing 24/7 settlement capabilities. The partnership enhances fintech banking infrastructure and transaction flexibility. This collaboration aims to streamline payment processes for various fintechs. The integration could lead to broader acceptance of RLUSD payments in the banking sector. Ripple's XRP Ledger will serve as the foundation for this integration. Market pulse. Currently, Ripple's trading price is $0, reflecting a lack of market activity. Despite this, the integration with Cross River Bank is expected to bolster Ripple's standing in the fintech sector, particularly as it enhances the utility of RLUSD payments. The partnership may draw interest from institutional players looking for efficient payment solutions, potentially influencing Ripple's market dynamics in the near future. Ripple, a technology company specializing in digital payment solutions, aims to facilitate secure and instant transactions across borders. Cross River Bank, known for its innovative banking solutions, has a strong focus on integrating with fintechs to enhance their payment capabilities. This partnership aligns with Ripple's mission to transform how money moves globally, leveraging both companies' technological expertise. Eyes on these levels. Traders should watch for developments in the adoption of RLUSD payments within fintech sectors following this partnership. Increased transaction volumes and integrations could signal a shift in Ripple's market dynamics. Additionally, fluctuations in XRP's price may occur as the market reacts to the enhanced payment capabilities introduced by this collaboration, potentially impacting liquidity and trading volumes.

Toscale

Oct 15th, 2026

Cross River Bank brings Ripple's RLUSD stablecoin into its core banking system.

Cross River Bank brings Ripple's RLUSD stablecoin into its core banking system. The integration of RLUSD into Cross River Bank's system signifies a shift towards mainstream adoption of stablecoins, enhancing payment efficiency. Unfortunately, this resource does not provide the full text of the news :(

Yahoo Finance

Oct 13th, 2026

Cross River appoints ex-Lazard Asset Management CEO Evan Russo as president

Cross River has appointed Evan L. Russo as president, effective October 1, 2026. Russo is a former chief executive officer of Lazard Asset Management and chief financial officer of Lazard Ltd. He has served as lead independent director at Cross River's parent, CRB Group, since April 2026. He will report to founder, chief executive officer and chairman Gilles Gade, and stay on the board. Russo will help drive growth, expand globally and build the company's operational, financial and governance capabilities. Shimshon Gross, a board member since the company's founding in 2008, becomes lead independent director. Gade said Russo brings the "institutional leadership, strategic focus and operating discipline required to scale" the company's vision.

Financial IT

Oct 2nd, 2026

Cross River enables GoodLeap Home Card through card issuance and $50M revolving credit facility.

Cross River enables GoodLeap Home Card through card issuance and $50M revolving credit facility. * Credit Cards * 02.10.2026 01:33 pm Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, today announced that it has provided a $50 million revolving credit facility to GoodLeap, the technology platform helping millions adopt sustainable home products. The facility, structured by Cross River's Principal Finance Group ("PFG"), will finance the GoodLeap Home Visa Signature(R) Card ("GoodLeap Home Card"), which will be issued by Cross River. "This partnership with GoodLeap exemplifies Cross River's multi-layered approach to serving innovative fintech platforms," said Noah Cooper, Chief Investment Officer and Head of Capital Solutions Group at Cross River. "By combining our Principal Finance Group's credit facility capabilities with our payment infrastructure, we're able to deliver a comprehensive solution that maximizes operational efficiencies for our partners while enabling an improved experience for consumers." Cross River's engagement with GoodLeap demonstrates its ability to serve as a full-stack financial infrastructure partner - integrating warehouse lending, card issuance, and payment infrastructure into a single, cohesive solution. "The GoodLeap Home Card is a great example of how Cross River's product and payments capabilities come together to enable enhanced consumer experiences," said Adam Goller, Head of Fintech Banking at Cross River. "Our purpose-built infrastructure is flexible and powerful, designed to support these innovative use cases. This partnership showcases what's possible when fintechs can plug into a fully integrated payments and lending stack from day one." The GoodLeap Home Card gives homeowners a flexible, lower-cost way to finance home improvement projects, with rates below the average credit card. Backed by a Home Equity Line of Credit (HELOC), the card lets homeowners tap into their home equity for projects and everyday purchases, while earning up to 6% cash back on qualifying home improvements initiated in the GoodLeap Home app. "Homeowners have never lacked equity, they've lacked a partner who helps them use it. The GoodLeap Home Card pairs the simplicity of a card with access to home equity, backed by a platform that connects homeowners to contractors, project guidance, and rewards on the work their home actually needs," said Dan Lotano, Chief Operating & Strategy Officer at GoodLeap. "Cross River helped us bring this to market quickly, serving as a strong foundation as we grow." Cross River continues to serve as a leading technology infrastructure partner to the fintech ecosystem. By bringing together diverse capabilities and advanced solutions within a single institution, Cross River enables partners like GoodLeap to move faster, operate more efficiently, and deliver financial products that service consumers meaningfully.

Cross River Bank

Vice President – Consumer and Counterparty Credit Risk

About the job