BSA Director – Innovation and Strategy

Who We Are:

Cross River is a highly profitable fast-growing financial technology company recognized for the third year in a row by CB Insights as one of the 250 best global fintechs. Our comprehensive suite of innovative products powers financial solutions with a strong focus on regulatory compliance for our partners and their millions of consumers around the world.

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

What we’re looking for:

Cross River’s BSA/AML Compliance team’s role is to ensure that our business is always consistent with current regulations and remains within Cross River’s risk appetite. As part of the BSA/AML Compliance leadership team you will play a key role. Innovation and Strategy is a critical component to support CRB’s growth and expansion initiatives. The BSA/AML Innovation and Strategy Director will be responsible for management of strategic onboarding initiatives, including partner engagements and product/service launches and will work directly with Fintech banking line of Business and first line Risk Management to provide subject matter expertise related to BSA/AML and OFAC risks.

Responsibilities:

• Partner with Fintech banking in early-stage discussions for new products and services to assess BSA/AML and OFAC risks and control environment ahead of new product or service launch
• Partner with Fintech banking through customer onboarding, integration and implementation period
• Partner with Program Management in the development, documentation and oversight of user acceptance testing for strategic onboarding and client management initiatives, including new product and service or expansions
• Work closely with customers, partners and/or third parties serving as a subject matter expert for BSA/AML and OFAC as it pertains to integration, testing and go live preparedness
• Responsible for risk assessments and ongoing monitoring oversight for strategic partnerships
• Manage BSA/AML engagement in strategic projects, expansion areas and growth targets
• Responsible for metrics and/or key performance indicators as they relate to Innovation & Strategy
• Provide support, to internal and external regulatory or audit exams.
• 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 8-10 years of BSA/AML compliance experience; experience working for financial institutions or highly regulated industry and/or law enforcement and investigations preferred
• Extensive 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
• Experience in client or business management/integration or customer/client experience preferred
• Experience in product and service development life cycle preferred, customer focused delivery
• Strong communication skills, written and verbal
• Strong analytical, problem solving, entrepreneurial 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
• Strong team management, bifurcated workforce both on site and remote work force
• Proficient in Microsoft Excel and Microsoft Word