AML/CFT Team Lead

Who We Are

Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion. 

We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.

What We're Looking For

We are looking for a detail oriented, resolution focused, results driven team leader to oversee a mix of on shore and offshore members of the AML/CFT Level 1 Investigations Team. The individual must have a strong understanding of the landscape of AML/CFT transaction monitoring. They will be looking to ensure that the team understands the complex client and transactions that Cross River engages in through its various partners. They will be engaging in training and cross training of team members on new clients, processes and investigative tactics. The incumbent will be responsible for ensuring the members of their team are effectively and efficiently conducting Level 1 alert investigations and escalations meeting regulatory expectations for suspicious activity reporting and departmental SLA. 

They will be reporting to the Level 1 Investigations Manager.

Responsibilities:

• Oversight of the assigned Level 1 Monitoring Alert Team members
• Thorough understanding of the partners, customers, and related alerts
• Ensuring the Quality Assurance Scores for their team meet CRB Expectations
• Oversight of the timely clearing of alerts generated on a daily/weekly/monthly basis
• Assisting in the ongoing monitoring and risk mitigation of CRB Partners and CRB customers transactional activity
• Serve as the SME for the L1 Alert TM team for policy, procedure, investigation tactics and customer knowledge performing QC on alerts as needed
• Engage and lead the team in regular trainings to ensure all team members have sufficient understanding of the risks presented in AML/CFT Transaction Monitoring
• Collaborate with various key team members for TM reviews, TM Scenario enhancements, and firm understanding of TM scenarios
• Understand regulatory landscape and compliance requirements, with emphasis on applicable AML/CFT requirements for detection of potentially suspicious activity

Qualifications:

• Minimum of 5 years of AML/CFT compliance experience in transaction monitoring and investigations
• Knowledge of payments, MSBs, correspondent banking and complex customer types and product offerings preferred
• Strong communication skills, written and verbal
• Strong analytical, problem solving and organizational skills
• Proficient in Microsoft Excel and Microsoft Word
• Ability to multi-task, work independently and as part of a team, establishing cooperative and collaborative working relationships

#LI-JJ1 #LI-Hybrid #LI-Onsite

Salary Range: $90,000.00 - $110,000.00