Anti Money Laundering / Counter Financing of Terrorism Team Lead, Cross River
$90-110k
Office located in Fort Lee, NJ
Banking and fintech services
Be an early applicant
Banking and fintech services
1001+ employees
Be an early applicant
$90-110k
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
- Minimum of 5 years of AML/CFT compliance experience in transaction monitoring and investigations
- Knowledge of payments, MSBs, correspondent banking and complex customer types and product offerings preferred
- Strong communication skills, written and verbal
- Strong analytical, problem solving and organizational skills
- Proficient in Microsoft Excel and Microsoft Word
- Ability to multi-task, work independently and as part of a team, establishing cooperative and collaborative working relationships
What the job involves
- We are looking for a detail oriented, resolution focused, results driven team leader to oversee a mix of on shore and offshore members of the AML/CFT Level 1 Investigations Team
- The individual must have a strong understanding of the landscape of AML/CFT transaction monitoring
- They will be looking to ensure that the team understands the complex client and transactions that Cross River engages in through its various partners
- They will be engaging in training and cross training of team members on new clients, processes and investigative tactics
- The incumbent will be responsible for ensuring the members of their team are effectively and efficiently conducting Level 1 alert investigations and escalations meeting regulatory expectations for suspicious activity reporting and departmental SLA
- They will be reporting to the Level 1 Investigations Manager
- Oversight of the assigned Level 1 Monitoring Alert Team members
- Thorough understanding of the partners, customers, and related alerts
- Ensuring the Quality Assurance Scores for their team meet CRB Expectations
- Oversight of the timely clearing of alerts generated on a daily/weekly/monthly basis
- Assisting in the ongoing monitoring and risk mitigation of CRB Partners and CRB customers transactional activity
- Serve as the SME for the L1 Alert TM team for policy, procedure, investigation tactics and customer knowledge performing QC on alerts as needed
- Engage and lead the team in regular trainings to ensure all team members have sufficient understanding of the risks presented in AML/CFT Transaction Monitoring
- Collaborate with various key team members for TM reviews, TM Scenario enhancements, and firm understanding of TM scenarios
- Understand regulatory landscape and compliance requirements, with emphasis on applicable AML/CFT requirements for detection of potentially suspicious activity
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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