Assistant Vice President of Regulatory Strategy, Cross River
$125-150k
Office located in Fort Lee, New Jersey
Banking and fintech services
Open for applications
Banking and fintech services
1001+ employees
Open for applications
$125-150k
Office located in Fort Lee, New Jersey
1001+ employees
Company mission
To enable clients to deliver responsible financial solutions that empower consumers anytime, everywhere.
Role
Who you are
- 5+ years of experience in compliance, project/program management, or a related leadership role in financial services
- Strong background in strategic planning, risk management, and program governance
- Bachelor’s degree in Business, Compliance, Risk Management, or a related field; Master’s degree or MBA preferred
- Project Management Professional (PMP) certification or equivalent strongly preferred
- Lean Six Sigma or equivalent process improvement certification is a plus
- Demonstrated ability to manage cross-functional teams and deliver complex projects on time and within scope
- Proficient in project management and data analytics tools (e.g., MS Project, Power BI, Tableau)
- Excellent verbal and written communication skills, with an ability to influence and collaborate across all organizational levels
- Strong analytical and critical thinking skills with attention to detail
What the job involves
- Cross River’s Compliance team ensures our business follows consumer compliance regulations, industry best practices, and established Bank procedures
- This role supports the Bank’s offering of consumer and business-purpose card products in conjunction with third-party providers
- Before the Bank can onboard a new third-party provider, the Bank must perform due diligence
- Once a third-party provider is onboarded, regular compliance oversight includes ongoing compliance monitoring and testing
- The Credit Card Compliance Specialist will initially be tasked with leading the due diligence, approval and onboarding processes, and will then expand into ongoing compliance monitoring and testing
- Drive strategic planning and road mapping efforts across Compliance to align with departmental and enterprise goals
- Manage the execution and delivery of key departmental initiatives
- Build and grow the Compliance SRI Program, overseeing design, implementation, stakeholder alignment, and reporting
- Implement best practices in program and portfolio management, including prioritization, resourcing, and milestone tracking
- Identify risks and proactively develop mitigation plans to ensure regulatory and operational soundness
- Lead change management strategies to support the adoption of new compliance processes, systems, and frameworks
- Ensure adherence to quality assurance standards and continuously improve project delivery outcomes
- Manage project budgets, ensuring cost control and resource optimization
- Act as a primary liaison with internal stakeholders, ensuring project alignment, transparency, and timely communication
- Apply process improvement methodologies (e.g., Lean, Six Sigma) to optimize Compliance operations
- Utilize data analytics and reporting tools to evaluate program performance and support decision-making
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
4% employee growth in 12 months
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 HQ
Fort Lee, NJ
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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