Head of Corporate Compliance, Cross River
$240-270k
Office located in Fort Lee, New Jersey
Banking and fintech services
Be an early applicant
Banking and fintech services
1001+ employees
Be an early applicant
$240-270k
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
- 10+ Years of experience with Consumer Compliance
- Experience with board presentations, interacting with senior management, and ability to convey key compliance and regulatory, and reputational, risks
- Experience interacting with regulatory authorities, market conduct examinations, enforcement proceedings, etc
- Excellent interpersonal, written and oral communications skills, attention to detail and time management skills
- Excellent project management skills, well organized, with the ability to thrive in a fast-paced collaborative work environment and manage numerous projects simultaneously under deadline pressure
What the job involves
- Manage the Corporate Regulatory Reporting, Industry & State Reporting, providing support and feedback to team members in their handling of matters such as regulatory filings, regulatory data and statistical reporting, licensing, examinations, and related tasks reporting into the CCO
- Coordinate and assist with the design and implementation to continuously upgrade the compliance framework, including policies, procedures, controls, monitoring and management reporting to prevent, detect and respond to potential violations of law, regulation, or company policy
- Work collaboratively with internal stakeholders in Internal Audit, Legal, Risk Management, and Product Development to develop and implement a compliance risk assessment and second-line compliance monitoring review process for the Company's US insurance operations
- Keep well informed of changes to statutes, regulations, industry trends, and lessons learned within the organization to ensure the Company's US insurance operations adhere to applicable legal requirements and industry best practice
- Assist with engagement of regulators, industry associations, statistical agents and bureaus, and other industry experts to formulate company positions on key regulatory and policy matters of import to the Company and become familiar with emerging trends that could impact the company
- Provide assistance and support to prepare the CCO to present to various boards, committees, senior management, and provide high-level analysis in support
- Experience interfacing with internal and external audit as well as third party monitors, in written responses and through direct interaction
- High appreciation of the risks associated with the Corporate Bank products, services, and respective payment flows, including regulatory framework
- You will need to be adept at evaluating technology practices for operational challenges in addition to cybersecurity related concerns and identify potential risks or evaluate existing risks globally
- You have working knowledge of financial accounting and regulatory reporting, as well as an understanding of the financial industry and products
- You will support the team leader of the governance function for regulatory reporting, which includes coordination of Regulatory Reporting Governance Committee, Interpretation Forum, and handling communication with outside of reporting production team
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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