Cross River

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

Cross River

full-time

Posted on:

Location Type: Remote

Location: Remote • New Jersey • 🇺🇸 United States

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Salary

💰 $90,000 - $110,000 per year

Job Level

JuniorMid-Level

About the role

  • 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

Requirements

  • 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.
  • Prior fintech experience a plus.
  • CRCM and/or JD a plus.
Benefits
  • Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
  • By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
compliance managementrisk assessmentmonitoring and testing planningthird party oversightcompliance trainingfraud preventiontransaction monitoringregulatory examsauditsbanking product design
Soft skills
communication skillspersuasion skillsattention to detailteam orientedorganizational skillsstakeholder managementproblem solvingrelationship buildingproject managementability to manage competing priorities
Certifications
CRCMJD