Who We Are:

Cross River is a highly profitable fast-growing financial technology company recognized for the third year in a row by CB Insights as one of the 250 best global fintechs. Our comprehensive suite of innovative products powers financial solutions with a strong focus on regulatory compliance for our partners and their millions of consumers around the world.

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 4 consecutive years. The reason for this success is simple --- our nimble, adaptive, and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation in financial services, and we invite collaborative and motivated high performers to join our rapidly expanding team.

What we’re looking for:

Cross River’s BSA/AML Compliance team’s role is to ensure that our business is always consistent with current regulations and remains within Cross River’s risk appetite. BSA/AML Banking is a critical component to support CRB’s growth and expansion initiatives and as a part of the BSA/ AML Compliance team, you will play a key role in helping the business grow in a responsible way. The Sr FCC Payments Strategy Analyst will support management of strategic onboarding initiatives in the payments space, including partner engagements and AML program review and guidance.

Responsibilities:

• Partner with Fintech banking in early-stage discussions for new payments products and services to assess BSA/AML and OFAC risks and control environment ahead of new product or service launch
• Collaborate with Fintech partners and the business on building AML programs and controls for Payments Partners to ensure their programs align with Cross River’s risk appetite.
• Partner with Fintech banking through customer onboarding, integration and implementation period
• Review and advise on high-risk features within the client structure, including (but not limited to) the client’s proposed flow of funds, expected activity, regulatory structure and licensing requirements and general company background information
• Review complex products and services arranged with clients within the Payments, Merchant Acquiring and/or Fintech spaces
• Oversee Ongoing Monitoring and Oversight over existing relationships
• Communicate effectively with internal stakeholders, including Business Development, Relationship Management teams and other areas of the Control framework, including Risk, Compliance, BSA/AML and Operations
• Provide guidance and advice on due diligence requirements from a risk-based approach

Required Skills

• Experience with Payments as a Service clients
• Knowledge of banking and payments products and services, including payments flows, MSB structures, ISOs/PayFacs, NACHA and Card network structures, among others
• Minimum 5 years of experience working within a due diligence or client onboarding framework within a Financial Institution, Payfac, MSB or general Payments industry
• Background knowledge of AML, Compliance and Risk programs
• Strong work-ethic with ability to deliver quickly with minimal manager direction, take ownership and work independently
• Experience of working within a strong regulatory/control environment
• Strong communication skills, both written and oral
• Willingness to build and shape a program from the ground-up
• Overall positive disposition
• Strong interpersonal relationship and partnership skills
• Thoughtful approach and ability to create and validate new solutions

Preferred Skills

• Experience or familiarity with Fintech or startup culture
• Basic technology knowledge and prior experience working with third party technology providers (i.e., client onboarding/CDD vendors)