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Cross River · 2 days ago

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

United States

Full-time

Remote

Mid Level

$90K/yr - $110K/yr

3+ years exp

Cross River is a financial technology company that builds infrastructure for innovative financial products. They are looking for a compliance leader to manage due diligence and onboarding of fintech partners, ensuring compliance with regulatory standards.

BankingFinancial ServicesFinTech

Comp. & Benefits

Responsibilities

Perform due diligence activities to ensure the risks of a new partnership and/or payments relationship are properly assessed. Advise management on such risks and make recommendations regarding proposed engagements

Participate in the development and delivery of compliance management system materials, such as training for fintech partners

Develop strong working relationships with internal and external stakeholders, while setting clear expectations regarding third-party compliance with law, regulation, and Bank policy

Advise partners on the risks associated with their proposed product and design of related operational controls

Coordinate with other compliance teams to ensure a consistent approach to handling compliance issues

Prepare deliverables and provide support for regulatory exams and/or internal audits

Will be expected to support additional areas of compliance due diligence, including but not limited to Fraud Prevention and Transaction Monitoring

Qualification

Compliance experienceAdvising on banking productsCompliance program developmentFinancial regulationsRegulatory exams supportProject managementOrganizedFintech experienceCRCM certificationJD degreeCommunication skillsPersuasion skillsAttention to detailTeam oriented

Required

3+ years compliance experience supporting a variety of bank products and services

Strong practical experience advising product and operational teams on the design and implementation of new banking products

Demonstrated ability to explain the compliance risks associated with product proposals and advise stakeholders on developing both customer-facing content and key operational controls

Experience developing the elements of a compliance program, including risk assessment, monitoring and testing planning, third party oversight, and compliance training

Expertise in laws and regulations governing consumer and commercial financial products, including, but not limited to, TILA/Regulation Z, ECOA/Regulation B, FCRA/Regulation V, SCRA, MLA, EFTA/Regulation E, TISA/Regulation DD, EFAA/Regulation CC, as well as industry best practices

Experience supporting regulatory exams and audits

Proven track record showing ability to manage multiple large projects and competing priorities

Excellent communication skills and ability to interact effectively with internal and external stakeholders at the non-executive and executive level

Effective persuasion skills and ability to develop practical solutions that meet business needs while remaining compliant with applicable laws within the Banks' risk tolerance

Highly motivated, strong attention to detail, team oriented, organized