Audit Manager, Cross River
$120-140k
Office located in Fort Lee, NJ
Banking and fintech services
Be an early applicant
Banking and fintech services
1001+ employees
Be an early applicant
$120-140k
Office located in Fort Lee, NJ
1001+ employees
Company mission
To enable clients to deliver responsible financial solutions that empower consumers anytime, everywhere.
Role
Who you are
- BA/BS or equivalent experience required. Related certifications a plus (CPA, CIA, CRCM, CISA, CFSA)
- 5+ years of Internal/External Audit related experience specific to Fair Lending, UDAAP and Regulatory Consumer Compliance in banking, other financial institutions, public accounting, and/or regulatory agency required. Regulatory Consumer Compliance experience required for critical regulations
- Self-starter and ability to work independently
- Strong verbal and written communication
- Strong analytical skills
- Strong planning, organizational and prioritization skills
- Ability to handle multiple complex tasks in a fast pace environment while meeting deadlines
- Ability to interact effectively with employees and management at all levels
- Highly proficient in Microsoft Office applications, including Excel and Word
What the job involves
- In this role, the Audit Manager assists in the completion of the annual Internal Audit Plan by independently planning and conducting Compliance Risk Management, Fair Lending, UDAAP, and other Regulatory Consumer Compliance audits from start to finish; assigning, reviewing and supervising work of staff auditors; and, conforming to Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing
- Audit activities include: pre-audit planning and audit program drafting; identification and assessment of risks; designing and completing testing of internal controls and operating procedures; reviewing for compliance with bank policies, procedures and regulatory requirements; drafting initial findings and audit reports; and providing sound recommendations for improvements or corrective action
- The Audit Manager will also assist in the administration of Internal Audit and the Board of Directors’ Audit and Risk Committee activities
- In accordance with the annual audit plan and schedule, as assigned, independently plan and conduct Fair Lending, UDAAP, and other Regulatory Consumer Compliance internal audits and tests applying a risk-based audit methodology and Institute of Internal Auditors’ standards
- In accordance with the annual audit plan and schedule, as assigned, independently plan and conduct Fair Lending, UDAAP, and other Regulatory Consumer Compliance internal audits and tests applying a risk-based audit methodology and Institute of Internal Auditors’ standard
- Following the completion of internal audits and tests, the Audit Manager determines results based on own discretionary judgement and makes recommendations for future improvements where needed
- Complete all assignments within established timetables to enable the issuance of all audit reports and other deliverables by the applicable deadline(s). This may also include ad hoc projects and special investigations
- Create business monitoring quarterly summaries evidencing monitoring of the risk environment and assessing the emerging risks discovered through the Business Monitoring process
- Build client relationships. Interact confidently, courteously, and professionally with clients at all levels, external audit, examiners and audit vendors’ teams, and proactively assist other staff members during busy periods
- Demonstrate progress in understanding clients’ businesses, group and department interrelationships and operations, and apply this knowledge to document and draw appropriate conclusions on the effectiveness of the clients’ controls
- Develop knowledge of key regulations that influence audit scope
Our take
Cross River is a fintech and banking company that builds scalable embedded payments, cards, lending, and crypto solutions for businesses and individuals. Now a unicorn company with a valuation exceeding $1 billion, Cross River was founded in 2008 as a way to combine the innovations of financial technology with the existing world of banking.
Cross River has partnered with rising fintech businesses such as Ibanera, helping the Florida-based company build an all-in-one cross-border payments service. The company’s bigger picture approach has allowed it to develop several arms in the lending, compliance, and capital market sectors, amongst others, leading to a corporate flexibility that is crucial in the rapidly-evolving market.
Cross River was named as one of several companies under investigation for facilitating PPP fraud in the US as of December 2022. It has also come under intense scrutiny from the FDIC for allegations of unsafe banking practices in relation to its lending activities, with a consent order issued in March 2023. In the wake of the FTX and Silicon Valley Bank collapses the regulatory environment is getting tougher and Cross River clearly needs to ensure its processes and activities are compliant with the law if it is going to return to its previous position of growth.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 4 rounds)
Mar 2022
$620m
LATE VC
Apr 2020
$100m
SERIES C
Total funding: $848m
Company benefits
- Retirement planning
- Employee development fund
- Ongoing learning and development opportunities
- Volunteer opportunities
- Charitable donation matching
- Monthly happy hours
- Free haircuts in our salon located at HQ
- Complimentary dry cleaning at HQ
- Valet parking at HQ
- Shuttle service to/from NYC
- Gym located at HQ
- River Cafe at HQ
Company values
- Humility
- Integrity
- Creativity
- Compassion
- Responsibility
Company HQ
Fort Lee, NJ
Articles
Leadership
Gilles Gade
(CEO & Chariman)Previously CFO at First Meridian Mortgage, Co-Founder and Managing Director at Chela Technology Partners, Associate Director at Barclays Capital and Investment Banking Associate at Bear Stearns & Company.
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