Business Risk BSA/AML Operations Analyst

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 Compliance team makes sure that our business is always consistent with current regulations, and as a Business Risk BSA Analyst, you will be responsible for reviewing any new fintech partner’s BSA/AML/CIP/EDD and OFAC policies. Specifically, the Business Risk Due Diligence team is responsible for aligning partner policies with CRB’s own policies to ensure compliance.

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

Responsibilities:

The responsibilities of the Business Risk BSA Analyst can be broken up into 3 main focus areas: Policy reviews, business model and flow of funds analysis, and partner communications.

Policy Reviews

• Review and document BSA policy reviews in accordance with internal SLAs.
• Work closely with the partner and other Lines of Business to provide feedback on alignment.
• Determine relevant policy elements required based off risk and business type.

Business Model and Flow of Funds

• Analyze and understand the partnership.
• Determine if the flow of funds is supportable from functional standpoint and a regulatory standpoint.
• Identify and escalate any known risks to management

Communication

• Effectively communicate policy feedback to the client and other stakeholders or Lines of Business.
• Work with the partner to gain insight into their business model and processes.
• Have a professional approach when communicating either verbally or in writing to the partner or LOBs.

Qualifications:

• At least 5 years of experience in AML and fraud monitoring and investigations at a financial institution. 
• Expertise with FinTech business models and flow of funds. 
• 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 a plus.
• Expertise with crypto related business, Money Service Businesses, Third Party Payment Processors.

Salary Range: $90,000 - $110,000

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