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

Cross River•Fort Lee, NJ

10d•Hybrid

About The Position

Cross River’s CMS Standards team ensures that our products and services offered through our fintech partners meet regulatory standards. The CMS Standards team focuses on the due diligence and onboarding of new fintech partners and payments relationships. We’re looking for a compliance leader who is passionate about fintech and ready to hit the ground running to help build out and streamline our onboarding program.

Requirements

4+ years compliance experience supporting a variety of bank products and services.
Bachelors Degree or higher required.
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 Bank's risk tolerance.
Highly motivated, strong attention to detail, team oriented, organized.

Nice To Haves

Prior fintech experience a plus.
CRCM and/or JD a plus.

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.
Support additional areas of compliance due diligence, including but not limited to Fraud Prevention and Transaction Monitoring.