Fcc Program Analyst

Who We Are

Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world's most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion. 

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

What We're Looking For

Cross River's Financial Crimes Compliance ("FCC") team's role is to ensure that our business is always consistent with current regulations while also remaining within Cross River's risk appetite. As part of the FCC team you will play a key role. Risk and Reporting is a critical component to support CRB's compliance program and initiatives. The FCC Risk Reporting Analyst will support management of BSA/AML and Sanctions risk assessments, including data collection activities, consolidated reporting, and follow-up activities across all lines of business. This individual will provide subject matter expertise related to BSA/AML and Sanctions risks and drive program management activities to further improve the BSA/AML and Sanctions program.

Responsibilities:

• Complete periodic BSA/AML and Sanctions Risk Assessments
• Review BSA/AML and Sanctions risk and controls within the defined framework
• Evaluate controls implemented across lines of business to ensure appropriate coverage, documentation and function while identifying potential gaps
• Interface directly with business leads to understand risk drivers and potential new risks (i.e., new products/services, internal/external reviewer findings)
• and Fintechs on building and reinforcing  AML programs and controls to launch sustainable programs.
• Assist Management during early-stage discussions for new products and services to assess BSA/AML and Sanctions risks and control environment ahead of new product or service launch
• Assist Management with action plan tracking and program management activities following identification of control gaps
• Assist Program Management in the development, documentation and oversight of projects related to enhancing the FCC risk assessment process
• Understand the risks and AML typologies that are presented through the Bank's product and service offerings including MSBs/TPPPs, MPLs, and Crypto platforms and how these tie back to the risk assessment framework
• Assist with metrics and/or key performance indicators as they relate to FCC
• 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
• Complete all assigned training and where relevant complete ongoing education such as webinars or conferences to stay abreast of regulatory changes and the regulatory environment.

Qualifications:

• Bachelor's Degree
• Minimum of 3 years of BSA/AML compliance experience; experience working for financial institutions or highly regulated industry and/or law enforcement and investigations preferred
• Background knowledge of BSA and AML laws and regulations, including the Bank Secrecy Act, the USA Patriot Act and OFAC requirements
• Knowledge of enhanced due diligence matters, financial fraud and applicable state and federal laws, payments, MSBs, correspondent banking and complex customer types and product offerings
• Ability to manage complexity, multi-task and deliver solutions on a tight deadline
• Experience in risk management, control testing and report development preferred
• Experience of working within a strong regulatory/control environment
• Strong communication skills, written and verbal
• Strong analytical, problem solving and organizational skills
• Ability to multi-task, inclusive of ability to plan, organize and prioritize workloads
• Ability to work independently and as part of a team and work on own initiative, strong interpersonal and relationship building skills
• Proficient in Microsoft Excel and Microsoft Word

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

Salary Range: $60,000.00 - $80,000.00