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Cross River · 2 months ago

Analyst, AML/CFT & OFAC Compliance, Customer Due Diligence

Fort Lee, New Jersey, United States

Full-time

Onsite

New Grad, Entry Level

$80K/yr - $90K/yr

Cross River is a fast-growing financial technology company that provides innovative financial services. They are seeking an AML/CFT Digital and Community Banking CDD Analyst to perform enhanced due diligence on high-risk account requests and customers, ensuring compliance with regulations while enhancing the customer account opening experience.

BankingFinancial ServicesFinTech

Comp. & Benefits

Responsibilities

Analyze and understand the relationship and business model

Perform and analyze negative news screenings

Determine if the flow of funds is supportable both from a functional standpoint and a regulatory standpoint

Identify, document and escalate any known risks to management

Provide a clear documentation of your results

Execute annual and ongoing monitoring reviews for AML/CTF

Prepare the customer’s periodic and annual reviews which include a risk assessment, 90-day transactional review, any significant changes to beneficial ownership, leadership structure and/or overall customer profile

Identify any changes to the customer’s business model or flow of funds

Analyze expected account activity vs actual account activity observed

Validate the customer’s risk rating

Verify appropriate transaction monitoring is in place

Effectively communicate with the various Lines of Business (LOB) within the Bank

Work with the LOB to gain insight into the business model, flow of funds, and processes

Have a professional approach when communicating either verbally or in writing

Qualification

AML/CFT complianceCustomer Due DiligenceMicrosoft ExcelMicrosoft WordAnalytical skillsRecord keepingPayment/network railsCard issuingMarketplace lendingWallet screeningOrganizational skillsCommunication skillsCollaboration skills