Director of Business Compliance Controls & Execution

July 10

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Cross River

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Powering the future of financial services.

Marketplace Lending • Small Business Loans • FinTech • Commercial Real Estate Loans • Crowdfunding

501 - 1000

💰 $620M Series D on 2022-03

Description

• We are seeking a hardworking, detail oriented, proactive solution orientated director with a good attitude who is looking for a career • The primary responsibilities for the role will include performing initial risk and compliance due diligence review on new Fintech Bank partners and products • Assist with initial compliance reviews on partners/business lines at appropriate intervals to evaluate compliance with applicable laws and regulations and adequacy of internal controls designed to prevent and detect violations of laws and regulations • Perform and/or review consumer, commercial compliance Risk and Control Assessments • Update and, when necessary, draft compliance related policies and procedures related to the Bank’s partner oversight operations • Utilize the Bank’s system of record for tracking and documenting the review and assessment activities performed as part of the onboarding due diligence process • Work closely with Enterprise Compliance to ensure partners and sub-clients maintain appropriate controls to meet established regulatory compliance standards • Perform problem management, resolution, escalation of issues as necessary • Act as a subject matter expert in designated Risk discipline (BaaS, Cards, Payments, etc.) • Additional compliance related projects as needed • Familiarity with current real-time monitoring to ensure regulatory compliance • Assist in the oversight of the risk management program. Ensure compliance to the risk management policies and facilitate ongoing independent risk assessments as needed • Complete variance trend analysis and provide synopsis of pattern changes • Review and participate in monthly dispute process for payments • Review and participate in monthly ACH utilization meetings • Build monthly dashboards for the business (KRIs) • Ability to present complex relationships, flow of funds to internal, external auditors

Requirements

• BA/BS Degree • Minimum 5-10 years relevant experience in the consumer, commercial lending compliance with experience in BaaS, Credit Card and/or BIN Sponsorship experience and Issuing, Acquiring payments • Extensive knowledge of the laws, regulations, and subjects applicable to consumer commercial products, BaaS, debit and prepaid cards, • Familiarity with Fintech banking and partnership structure • Experience completing and/or review of Risk and Control Assessments • Ability to research, analyze laws, and regulations formulating position to management in a meaningful manner • Experience with testing transactions, reviewing customer facing disclosures, and website reviews to ensure compliance with applicable regulatory and network requirements • Operate with integrity, ability to work independently, and strong problem solving skills • Exceptional collaboration skills and a desire to work as part of a high performing and demanding team • Strong verbal and written communication skills with comfort interacting directly with senior management of both the Bank, prospective Fintech partners • Experience evaluating Compliance Management Systems in the unsecured consumer/commercial lending industry, including marketplace lending and credit cards, payments • Experience evaluating Compliance Management Systems in the consumer deposit & debit product space, including Banking as a Service (BaaS). • Experience with Network rules across business lines (BaaS, Cards, Payments) • CRCM preferred but not required

Benefits

• 11 paid holidays • Generous Accrued Time Off increasing with years of service • Generous paid sick time • Annual day of service