Cross River's Compliance team needs to ensure the business is consistent with current regulations, specifically by performing Enhanced Due Diligence (EDD) on new and existing high-risk account requests and customers/partners, and conducting ongoing monitoring of Digital and Community Banking customers.
Requirements
- Proficient in Microsoft Excel and Microsoft Word.
- Experience with payment/network rails, card issuing, marketplace lending, wallet screening a plus.
Responsibilities
- Analyze and understand the relationship and business model.
- Perform and analyze negative news screenings.
- Determine if the flow of funds is supportable both from a functional standpoint and a regulatory standpoint.
- Identify, document and escalate any known risks to management.
- Provide a clear documentation of your results.
- Execute annual and ongoing monitoring reviews for AML/CTF.
- Prepare the customer’s periodic and annual reviews which include a risk assessment, 90-day transactional review, any significant changes to beneficial ownership, leadership structure and/or overall customer profile.
Other
- The Compliance team cares about the customer’s account opening experience, and we have fun doing it.
- If you self-motivated, like challenging problems, are analytical, and a great team player—we want to hear from you!
- Effectively communicate with the various Lines of Business (LOB) within the Bank.
- Work with the LOB to gain insight into the business model, flow of funds, and processes.
- Have a professional approach when communicating either verbally or in writing.
- Excellent written, verbal, and analytical skills.
- Strong organizational and record keeping skills.
- Ability to work collaboratively with the business and other key stakeholders.
