Fintech Credit Analyst, Payments and BaaS

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:

The role of Fintech Credit Analyst for Payment and BaaS will be tasked with conducting thorough analysis of financial statements and assessment of credit requests, including new requests, change requests, monthly portfolio monitoring and reporting, monthly and annual periodic reviews to determine credit worthiness. Credit assessments to include Banking-as-a- service (BaaS), third-party service provider, third-party sender (TPSP, TPS) merchant acquiring (ISOs, PFs).

Responsibilities:

• Client facing role that performs credit and financial analysis on new counterparties and existing relationships, primarily early-stage fintech companies evaluating the strength of guarantors, industry analysis, collateral, and loan structures with recommendations as to credit worthiness and recommended reserve requirements of applicants.
• Complete a thorough, in-depth analysis of new credit requests, credit limit change requests, renewals.
• Monitor and control tracking/reporting for the bank’s payments and marketplace lending programs.
• Assess, track, and monitor risk for payments customers (ACH, Push-to-Card, RTP, Wires) as part of the payments committee process flow.
• Assess counterparty liquidity risk and recommend program requirements to manage this risk.
• Perform ongoing Periodic Reviews for third party partners such as completing Annual Financial Updates and Loan Management Reports on existing borrowers or counterparties.
• Spreading financial statements through financial software program and analyze reports produced by the system for preparation of written reviews.
• Develop and prepare spreadsheets and models to support analysis of new and existing credit applications.

Qualifications:

• 4 plus years of strong quantitative experience, preferably in banking and payments.
• Bachelor’s Degree in Accounting, Finance, and Economics. Formal credit training Is a plus.
• Understanding of payment risk and risk exposure.
• Strong proficiency in Microsoft Office programs, Spreading software, modeling.
• Detailed understanding of financial statements, ratios, and financial concepts.
• Strong attention to detail and ability to notice discrepancies in data.
• Excellent written and verbal communication skills. Able to articulate financial write ups in a clear concise manner.
• Experience with databases (SQL) is a plus
• Work and thrive in a fast-paced entrepreneurial environment.

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