Counsel, Cross River
Capital Markets
$220-250k
Office located in Fort Lee, New Jersey
Banking and fintech services
Open for applications
Banking and fintech services
1001+ employees
Open for applications
$220-250k
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)
- 3-5 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 $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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