BSA/AML Contractor


Who We Are Cross River is a highly profitable fast-growing financial technology company recognized for the third year in a row by CB Insights as one of the 250 best global fintechs. Our comprehensive suite of innovative products powers financial solutions with a strong focus on regulatory compliance for our partners and their millions of consumers around the world. 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 4 consecutive years. The reason for this success is simple --- our nimble, adaptive, and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation in financial services and we invite collaborative and motivated high performers to join our rapidly expanding team. What we’re looking forCross River’s Compliance team makes sure that our business is always consistent with current regulations, and as a Financial Crimes Compliance Analyst, you will be responsible for alert adjudication, investigation, and reporting processes (“AIR”) for both transaction monitoring and OFAC alert reviews. Specifically, the AIR team is responsible for rule and scenario-based transaction monitoring, manual monitoring, OFAC reviews, investigations and escalations, and SAR filings on behalf of CR. The Compliance team cares about results, not activity, and we have fun doing it. If you like challenging problems, are analytical, and a great team player—we want to hear from you! Responsibilities: The responsibilities of the Financial Crimes Compliance Analyst can be broken up into 3 main focus areas: Transaction Monitoring & Investigations, OFAC & Sanctions Investigations, and Suspicious Activity Reporting. Transaction Monitoring & Investigations • Review and investigate potential occurrences of suspicious activity via several avenues including automated monitoring alerts in the Firm’s transaction monitoring system, suspicious activity referrals received internally or from a bank partner or customer, regulatory inquiries or subpoenas received, or as a result of 314(a) or (b) inquiries.• Understand the risks and AML typologies that are presented to the Bank in its offering of products and services, including retail customers, MSBs/TPPs, MPLs, and Crypto platforms. • Determine the appropriate course of action for adjudication, including but not limited to, closing the alert, creating a case for further investigation, flagging the customer for EDD Review, and/or, filing a Suspicious Activity Report with FinCEN.• Review due diligence and conduct adverse media research on individuals and entities in order to draft comprehensive dispositions, summaries, escalations, and SARs, as applicable.• Document, log, and effectively communicate results of alerts, cases, and ad-hoc investigations to Management. • Maintain all records, research, and findings for proper record retention and retrieval. • Complete all tasks necessary to facilitate the required 314(a) searches on a bi-weekly basis, including retrieval of the files from SISS, loading of the files accordingly into the appropriate internal systems, and reviewing, dispositioning, or escalating, as necessary, any potential results. Report accordingly to FinCEN. OFAC & Sanctions Investigations• Review and assess potential sanctions hits for customers and in transactions, utilizing internal procedures and industry standard best practices for disposition of false positives and escalation of potential matches.• Communicate effectively with corresponding financial institutions and customers for requests for information in order to disposition potential sanctions matches.• Provide day-to-day support and oversight to the business on OFAC/sanctions issues.• Escalate potential sanctions issues and/or positive matches to senior BSA/AML Management. • Stay abreast of the evolving sanctions landscape and how it could impact the Bank’s offerings and business model. Suspicious Activity Reporting• Report occurrences of suspicious activity investigated to FinCEN in accordance with regulatory requirements and industry standard best practices.• Provide thorough analysis of investigation results in the SAR, indicating the 5 Ws of the activity and method of operation.• Stay abreast on SAR filing updates and FinCEN requirements and best practices for SAR completion. • Escalate significant SARs to the Complex Investigations Unit.• Maintain appropriate records and supporting documentation. Qualifications:• At least 5 years of experience in AML and fraud monitoring and investigations at a financial institution. • Expertise on various AML and sanctions regulations, risks, and typologies.• 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 transaction monitoring and OFAC filtering vendors and platforms is a plus. Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need. By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.


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