Associate, AML Digital Asset Transaction Monitoring

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

As part of the Compliance department, the Associate, AML/CFT Digital Asset Transaction Monitoring is tasked with ensuring the bank's compliance with anti-money laundering (AML) and counter-terrorist financing (CFT) regulations, particularly within the high-risk arena of digital assets and cryptocurrency. This role involves the comprehensive review and analysis of customer transactions to identify potential suspicious activities, ensuring that the bank’s policies and procedures align with regulatory requirements to mitigate risks associated with digital assets.

Responsibilities:

• Conduct detailed reviews of transactions involving digital assets to ensure compliance with AML/CFT regulations.
• Identify and escalate unusual or suspicious activities across various digital asset products and customer types.
• Manage a portfolio of investigations, ensuring adherence to deadlines and compliance standards.
• Review customer documentation and KYC information to assess risks related to digital asset transactions.
• File Suspicious Activity Reports (SARs) with FinCEN when necessary, ensuring all required documentation is complete and accurate.
• Communicate findings clearly to relevant stakeholders to facilitate appropriate action and remediation.
• Stay updated on regulatory changes, industry best practices, and emerging risks in the digital asset and cryptocurrency space.
• Complete required training and proactively seek additional learning opportunities related to AML/CFT and digital assets.
• Collaborate with cross-functional teams on AML/CFT compliance initiatives.
• Adhere to all Federal and State laws and regulations, including the Bank Secrecy Act.

Qualifications:

• Education: Bachelor’s degree in criminal justice, finance, business, or a related field preferred.
• Skills: Strong analytical and organizational abilities with attention to detail and the capacity to resolve complex compliance issues. Excellent written and verbal communication skills, with the ability to provide constructive feedback and clear documentation. In-depth understanding of AML-related laws and regulations, including the Bank Secrecy Act, PATRIOT Act, OFAC rules, and familiarity with the FFIEC Exam Manual. Knowledge of digital asset technologies and their associated money laundering and terrorist financing risks. Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook) and experience with AML compliance software. Experience with cryptocurrency exchanges, wallets, and DeFi platforms is highly desirable. Familiarity with advanced transaction monitoring tools and the ability to analyze transactions. Ability to work independently and collaboratively in a fast-paced, dynamic environment while maintaining high-quality standards.
• Experience: 5+ years in banking or financial compliance, or a role related to criminal justice, fraud, or investigations, with a strong focus on AML regulations, especially if experience is related to the Digital Asset or other High-Risk industries.

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Salary Range: $85,000.00 - $100,000.00