Analyst, Cross River

Digital Assets Customer Due Diligence

$85-100k

Mid and Senior level
New York

Office located in Fort Lee, NY

Cross River

Banking and fintech services

Be an early applicant

Cross River

Banking and fintech services

1001+ employees

FintechB2CB2BBankingMortgagesLendingSaaS

Be an early applicant

$85-100k

Mid and Senior level
New York

Office located in Fort Lee, NY

1001+ employees

FintechB2CB2BBankingMortgagesLendingSaaS

Company mission

To enable clients to deliver responsible financial solutions that empower consumers anytime, everywhere.

Role

Who you are

  • Bachelor's degree in Business, Finance, Law, or a related field
  • Proven experience in customer due diligence, compliance, or a related area
  • Strong understanding of digital asset management practices and regulatory requirements
  • Excellent analytical and problem-solving skills
  • Ability to manage multiple tasks and projects simultaneously
  • Strong communication and interpersonal skills
  • Experience with KYC, IDV, PEP, and sanction screening processes
  • Proficiency in using technology and analytics to optimize processes

Desirable

  • Experience in the cryptocurrency or digital asset industry
  • Advanced degree or certification in compliance or a related field
  • Familiarity with blockchain technology and digital asset management tools

What the job involves

  • Cross River is seeking a highly motivated, organized, detail-oriented candidate to lead the Digital Asset Customer Due Diligence (CDD) Team
  • You will be acting as a point of escalation and subject matter expert when it comes to all things related to the onboarding, due diligence and reporting of Digital Asset customers
  • You will work collaboratively with other members of the AML/CFT & OFAC Compliance team, as well as cross-functional stakeholders including but not limited to Legal, Product, Engineering, Data Science, etc
  • You will be expected to complete ad-hoc customer reviews, and support projects, as necessary, to help create innovative and scalable processes and systems
  • The CDD Digital Asset Onboarding Lead will be responsible for overseeing the customer due diligence (CDD) processes related to digital asset onboarding
  • This role involves managing customer onboarding, risk rating, and periodic review cases to ensure compliance with regulatory requirements and internal policies
  • Day-to-day management and review of customer onboarding, customer risk rating, and periodic review cases
  • Develop and implement robust customer risk rating methodologies
  • Continuously assess and update risk profiles based on business activities, regulatory changes, and internal policies
  • Ensure alignment and implementation of all CDD processes and requirements, including proper assessment of customer identification documents, retention, and record-keeping
  • Manage third-party vendors for KYC, IDV, PEP, and sanction screening as required for the support of the Digital Asset team
  • Leverage technology and analytics to optimize the efficiency of CDD processes
  • Partner with tech teams to improve tools, automation, and reporting capabilities
  • Design, develop, and maintain policies, procedures, and other governance documentation for customer due diligence and related topics
  • Oversee tools and systems for diligence-related processes, including customer onboarding, risk rating, and periodic review
  • Balance compliance requirements with a seamless customer experience, working closely with customer support and business teams to resolve escalations
  • Ensure that regulatory examinations, reporting, and inquiries related to customer due diligence are handled appropriately and promptly
  • Monitor, track, and report on key CDD performance metrics
  • Provide insights and recommendations to senior management for continuous improvement
  • Develop and track action plans across regulatory initiatives related to customer due diligence program areas

Share this job

View 22 more jobs at Cross River

Insights

Top investors

4% employee growth in 12 months

Company

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

Funding (last 2 of 4 rounds)

Mar 2022

$620m

LATE VC

Apr 2020

$100m

SERIES C

Total funding: $848m

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 headshot

Freddie

Company Specialist at Welcome to the Jungle