Cross River is hiring a
Director of Business Risk Controls & Execution

Summary

Join our expanding team as a Director of Compliance and Risk Management at Cross River, where you'll perform initial risk and compliance due diligence reviews on new Fintech Bank partners and products. As a key member of our growing team, you'll assist in the preparation of due diligence memorandums, identify and analyze risks, and assess Compliance Management Systems.

Requirements

• BA/BS Degree
• Minimum 5-10 years relevant experience in the consumer, commercial lending compliance with experience in BaaS, Credit Card and/or BIN Sponsorship experience and Issuing, Acquiring payments
• Extensive knowledge of the laws, regulations, and subjects applicable to consumer commercial products, BaaS, debit and prepaid cards
• Familiarity with Fintech banking and partnership structure
• Experience completing and/or review of Risk and Control Assessments
• Ability to research, analyze laws, and regulations formulating position to management in a meaningful manner
• Experience with testing transactions, reviewing customer facing disclosures, and website reviews to ensure compliance with applicable regulatory and network requirements
• Operate with integrity, ability to work independently, and strong problem solving skills
• Exceptional collaboration skills and a desire to work as part of a high performing and demanding team
• Strong verbal and written communication skills with comfort interacting directly with senior management of both the Bank, prospective Fintech partners
• Experience evaluating Compliance Management Systems in the unsecured consumer/commercial lending industry, including marketplace lending and credit cards, payments
• Experience evaluating Compliance Management Systems in the consumer deposit & debit product space, including Banking as a Service (BaaS)
• Experience with Network rules across business lines (BaaS, Cards, Payments)
• CRCM preferred but not required

Responsibilities

• Assist with initial compliance reviews on partners/business lines at appropriate intervals to evaluate compliance with applicable laws and regulations and adequacy of internal controls designed to prevent and detect violations of laws and regulations
• Perform and/or review consumer, commercial compliance Risk and Control Assessments
• Update and, when necessary, draft compliance related policies and procedures related to the Bank’s partner oversight operations
• Utilize the Bank’s system of record for tracking and documenting the review and assessment activities performed as part of the onboarding due diligence process
• Work closely with Enterprise Compliance to ensure partners and sub-clients maintain appropriate controls to meet established regulatory compliance standards
• Perform problem management, resolution, escalation of issues as necessary
• Act as a subject matter expert in designated Risk discipline (BaaS, Cards, Payments, etc.)
• Additional compliance related projects as needed
• Familiarity with current real-time monitoring to ensure regulatory compliance
• Assist in the oversight of the risk management program. Ensure compliance to the risk management policies and facilitate ongoing independent risk assessments as needed
• Complete variance trend analysis and provide synopsis of pattern changes
• Review and participate in monthly dispute process for payments
• Review and participate in monthly ACH utilization meetings
• Build monthly dashboards for the business (KRIs)
• Ability to present complex relationships, flow of funds to internal, external auditors