Counsel, Cross River
Structured Products/Private Credit
$230-275k
Office located in Fort Lee, New Jersey
API-based financial solutions for businesses
Job no longer available
API-based financial solutions for businesses
1001+ employees
Job no longer available
$230-275k
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
- You exhibit strong judgement, market knowledge, and decision-making skills which support your successful management of projects and transactions and oversee outside counsel, as necessary
- Hold a Juris Doctorate (J.D.) degree from a recognized U.S. university
- Licensed to practice law in a U.S. state (NY/NJ preferred)
- 4+ years of legal experience, either with a recognized U.S. law firm or in-house with a financial institution, fintech company or technology company
- Strong working knowledge of complex corporate transactions, capital markets activity, marketplace lending platforms and general corporate law
- Experience in structured finance (Asset Backed Securities preferred), warehouse lending, securitizations, and loan and participation sales
- Experience at a firm or in house managing transactions on behalf of issuers and underwriters
- Experience with broker dealers, investment advisory, or related financial services practice is a plus
- Possesses the ability to anticipate legal issues/risk and guide accordingly, including seek creative, innovative solutions for complex business matters
- Can work independently, yet embraces teamwork and contributes to a supportive inclusive work environment
- A strong leader who has the ability to both work within, as well as coordinate the work of external counsel
- Excellent work ethic and the ability to persevere through time sensitive transaction cycles and meet deadlines while multi-tasking and prioritizing matters in a fast-paced team environment
- High degree of professional ethics and integrity and exceptional attention to detail
- Excellent judgement, analytical skills and decision making with a willingness to think “outside the box”
- Possesses outstanding oral and written communication and research skills (with ability to communicate effectively with senior management)
- Has a sincere interest in career development in fintech capital market transactions
What the job involves
- We are a team of 10+ US attorneys that ensure the legal needs of Cross River’s internal teams are supported across business units
- In the role of Legal Associate - Capital Markets, you will be reporting to and supporting the Associate General Counsel - Capital Markets on complex structured finance transactions and investment advisory matters
- You will have the opportunity to work with internal businesses and will be expected to provide actionable advice and guidance
- Work closely with the capital markets, direct lending ,broker-dealer and the investment banking teams representing Cross River in various market participant roles, i.e., sponsor, asset contributor and issuer, loan investor, loan seller, underwriter, placement agent, asset-backed lender, loan servicer, and loan originator
- Assist in the development of capital markets legal standard operating policies, procedures and programs
- Assist in the drafting, negotiating and reviewing of key transaction agreements with respect to credit facilities, purchases and sales of financial assets, securitizations, non-disclosure agreements, engagement letters and other legal documents related to financing transactions spanning various asset classes
- Identifying and relaying issues to deal team/internal stakeholders for discussion and resolution
- Assist with the legal deal process from pre-closing through post-closing activities
- Stay informed of changes to relevant law and regulations and advising legal team and capital markets team about any impact to the business
- Provide clear and concise guidance to business units, particularly on novel and complex legal issues
- Proactively collaborate with stakeholders across the enterprise, including compliance, technology, risk, operations, and other key partners
- Support new capital markets product development and implementation
- Support Cross River broker-dealer with preparation and negotiation of engagement letters and resulting debt and/or equity transactions
- Support other projects for the legal department as necessary
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 $1B, 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.
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
(Founder, CEO & Chairman)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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