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

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.

Cross River’s Compliance team makes sure that our business is always consistent with current regulations, and as an AML/CFT Digital and Community Banking CDD Analyst, you will be primarily responsible for performing EDD on new/existing high risk account requests and customers/partners.

The Compliance team cares about the customer’s account opening experience, and we have fun doing it. If you self-motivated, like challenging problems, are analytical, and a great team player—we want to hear from you!

The responsibilities of the AML/CFT Digital and Community Banking CDD Analyst can be broken up into 4 main focus areas: business model and flow of funds analysis, prepare a well-documented EDD review, effectively communicate across various teams, and prepare and document all ongoing monitoring of the Bank’s Digital and Community Banking customers.

• Business Model and Flow of Funds
  • 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 elevate any known risks to management.
  • Provide a clear documentation of your results.
• Ongoing Monitoring
  • 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.
• Communication
  • 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.

• Proficient in Microsoft Excel and Microsoft Word.
• Excellent written, verbal, and analytical skills.
• Strong organizational and record keeping skills.
• Ability to work collaboratively with the business and other key stakeholders.
• Experience with payment/network rails, card issuing, marketplace lending, wallet screening a plus.

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

Salary Range: $80,000.00 - $90,000.00