Simplify Logo

Full-Time

Government Affairs Specialist

Posted on 5/21/2024

Cross River Bank

Cross River Bank

501-1,000 employees

API-driven banking services for FinTech companies

Data & Analytics
Fintech
Crypto & Web3
Financial Services

Compensation Overview

$80k - $90kAnnually

Mid, Senior

Edgewater, NJ, USA

Category
Management Consulting
Consulting
Required Skills
Public Policy
Requirements
  • Bachelor’s and/or Advanced degree in Public Administration/Policy or a similar specialization
  • Prior experience working in a State Legislature, legislative/government affairs or at a financial service regulatory agency
  • Excellent verbal and presentation skills, as well as strong writing and editing capabilities
  • Experience developing and implementing public policy advocacy strategy
  • Highly collaborative style: high energy, maturity, and leadership with the ability to serve as a unifying force and to guide policy and advocacy discussions at both the strategic and implementation levels
  • Self-starter, able to work independently, and entrepreneurial; enjoys creating and implementing new initiatives
  • A strong track record as an implementer who thrives on managing a variety of key initiatives concurrently
  • Full comprehension of the influences of the external environment of a corporation
  • High degree of professional ethics and integrity
  • Sound judgement and ability to analyze situations and information
Responsibilities
  • Serve in an advocacy and external relations support function – liaison to elected officials, regulatory agencies and community groups
  • Serve as a representative on various trade associations, boards and chambers
  • Lead the generation of government affairs and policy content/collateral
  • Help develop and execute event related collateral from conception to completion
  • Research functions of the bank and industry landscape and be able to apply retained information to develop content/collateral
  • Research and evaluate the different risk/opportunity factors regarding proposed public policy at the State level
  • Deal with complex matters with multiple stakeholders and forces. (internal, external)
  • Collaborate with the other departments of the bank to understand the needs of each department and how that interacts with proposed public policies; and help generate Cross River’s positions on these proposals
  • Conduct your work with integrity and responsibility

Cross River Bank combines traditional banking with technology solutions in the FinTech sector, offering an API-driven platform called the Cross River Operating System. This platform allows other FinTech companies to integrate customizable banking services, including payment solutions and loan origination. Unlike its competitors, Cross River focuses on providing "Banking as a Platform" (BaaP), enabling businesses to utilize its infrastructure for their financial products. The company's goal is to support small businesses and FinTech companies by providing them with the necessary tools and services to succeed.

Company Stage

Series D

Total Funding

$987M

Headquarters

Fort Lee, New Jersey

Founded

2008

Growth & Insights
Headcount

6 month growth

1%

1 year growth

1%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Cross River's role in distributing over 100,000 PPP loans during the COVID-19 pandemic highlights its operational efficiency and commitment to small businesses.
  • Partnerships with companies like MassPay to expand instant payment access demonstrate Cross River's ability to innovate and meet the evolving needs of the gig economy and other sectors.
  • Recognition as a 'Premier Lender' by the New Jersey Economic Development Authority enhances Cross River's credibility and attractiveness to potential clients.

What critics are saying

  • The highly competitive FinTech sector requires continuous innovation to maintain a competitive edge, posing a challenge for Cross River.
  • Dependence on partnerships and collaborations may expose Cross River to risks if these relationships falter or if partners underperform.

What makes Cross River Bank unique

  • Cross River uniquely combines traditional banking expertise with advanced FinTech capabilities, offering a comprehensive API-driven platform that sets it apart from conventional banks.
  • Their 'Banking as a Platform' (BaaP) model allows other FinTech companies to build their own financial products, providing a level of customization and integration that is rare in the industry.
  • Cross River's strong emphasis on compliance and regulatory standards ensures a secure and trustworthy platform, which is crucial for their diverse clientele.

Benefits

Generous parental & leave policies

Completely subsidized health, dental, & vision insurance

Complimentary dry cleaning

On-site haircuts

Endless snacks

Company events

INACTIVE