Analyst, AML/CFT & OFAC Compliance, Customer Due Diligence

Who We Are

Cross River builds the infrastructure behind the world’s most innovative financial products. Our technology and capital solutions power payments, cards, lending, and digital asset capabilities that move money safely, instantly, and inclusively — trusted by leading fintechs, enterprises, and disruptors across the globe.

Our mission is simple: to build the financial infrastructure that expands access and opportunity for all. Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker’s Best Places to Work in Fintech year after year. Whether you’re designing code, solving regulatory puzzles, or developing strategy, you’ll join a team where innovation and integrity drive everything we do — and where your work helps shape the future of finance.

What We're Looking For

Cross River’s Compliance team makes sure that our business is always consistent with current regulations, and as an AML/CFT Digital and Community Banking CDD Analyst, you will be primarily responsible for performing EDD on new/existing high risk account requests and customers/partners.

The Compliance team cares about the customer’s account opening experience, and we have fun doing it. If you self-motivated, like challenging problems, are analytical, and a great team player—we want to hear from you!

Responsibilities:

The responsibilities of the AML/CFT Digital and Community Banking CDD Analyst can be broken up into 4 main focus areas: business model and flow of funds analysis, prepare a well-documented EDD review, effectively communicate across various teams, and prepare and document all ongoing monitoring of the Bank’s Digital and Community Banking customers.

• Business Model and Flow of Funds
  • Analyze and understand the relationship and business model.
  • Perform and analyze negative news screenings.
  • Determine if the flow of funds is supportable both from a functional standpoint and a regulatory standpoint.
  • Identify, document and escalate any known risks to management.
  • Provide a clear documentation of your results.
• Ongoing Monitoring
  • Execute annual and ongoing monitoring reviews for AML/CTF.
  • Prepare the customer’s periodic and annual reviews which include a risk assessment, 90-day transactional review, any significant changes to beneficial ownership, leadership structure and/or overall customer profile.
  • Identify any changes to the customer’s business model or flow of funds.
  • Analyze expected account activity vs actual account activity observed.
  • Validate the customer’s risk rating.
  • Verify appropriate transaction monitoring is in place.
• Communication
  • Effectively communicate with the various Lines of Business (LOB) within the Bank.
  • Work with the LOB to gain insight into the business model, flow of funds, and processes.
  • Have a professional approach when communicating either verbally or in writing.

Qualifications:

• Proficient in Microsoft Excel and Microsoft Word.
• Excellent written, verbal, and analytical skills.
• Strong organizational and record keeping skills.
• Ability to work collaboratively with the business and other key stakeholders.
• Experience with payment/network rails, card issuing, marketplace lending, wallet screening a plus.

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

Salary Range: $80,000.00 - $90,000.00