Compliance Lead Analyst - Testing & Monitoring

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.  The Compliance CMS Support team implements the Bank’s core CMS functions though the establishment enterprise-wide programs related to monitoring and testing. This team is responsible for assessing compliance risks and controls implemented by the first and second line of defense; performing compliance testing and monitoring activities to assess the design and effectiveness of compliance controls within the Bank and at fintech partners; reporting and escalating control issues and any violations of laws or breaches of policy; validating adequacy of remediation taken to address reported issues; and coordinating and overseeing external compliance reviews.

Responsibilities

• Execute compliance monitoring, testing, and other reviews in accordance with the established procedures to provide ongoing independent assessment of compliance with applicable rules and regulations.
• Complete compliance related transactional testing in accordance with the compliance testing program methodology and schedule.
• Analyze and document testing findings into concise reports which identify issues and provide suggested remediation plans to appropriate department heads and partners.
• Assist with the development and management of Compliance Risk Assessments.
• Assist in the development and enhancement of the Bank’s monitoring and testing standards for performing reviews that provide statistically based assessments of compliance controls.
• Assist in preparing deliverables and providing support for regulatory exams and/or internal audits.  

Qualifications

• 3-5 years’ compliance experience in a financial institution or consulting firm
• Experience in designing, performing, and reporting on compliance testing reviews, including compliance related transactional testing.
• Previous experience with development and management of Risk and Control Matrices.
• Knowledge and experience in creating and maintaining Compliance Risk Assessments, issue management logs, controls assessments and transactional testing.
• Ability to comprehend and analyze consumer compliance banking laws and regulations in areas of focus which include: TILA, ECOA, FDCPA, FCRA, HMDA, UDAAP, EFTA, and TISA.
• Strong understanding of consumer lending products such as personal loans, lines of credit, and credit cards.
• Knowledge of operational processes and technologies utilized in banking, including deposit account handling, loan servicing and collection, and payment processing.
• Proven track record showing ability to maintain high attention to detail while managing multiple assignments and competing priorities.
• Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques.
• Excellent oral communication and writing skills and ability to interact effectively as a member of a cross-functional team.
• Strong interest in technology and innovation. Prior fintech experience a plus.
• CRCM and/or JD a plus.