BSA OFAC Analyst

Description

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”). The AIR team is responsible for rule and scenario-based transaction monitoring, manual monitoring, OFAC/PEP reviews, investigations and escalations, and SAR filings on behalf of CR. This position will be primarily responsible for OFAC and PEP alert reviews. 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: Assists in administering the Bank’s BSA/AML systems, including sanctions screening systems Reviews customer and transaction potential matches to the OFAC or PEP list identified by automated systems and disposition appropriately and timely, including escalating any potential true matches and thoroughly documenting each review according to policy and procedures. Responsible for the timely review of escalated items received from various internal sources Assist with FinCEN 314(a) processes and inquiries; including submission of responses to FinCEN Maintain sanctions screening subject matter expertise and provide advice and guidance to management, internal departments and partners on escalations, regulatory changes or industry guidance and best-practices Communicate with internal departments and external partners to resolve OFAC related issues/problems Identify and recommend process improvements as well as escalate issues/concerns to management Qualifications:At least 5 years of Sanctions/OFAC experience at a financial institution. Expertise in AML and sanctions regulations, risks, and typologies.Excellent written, verbal and analytical skills. Ability to function in a fast-paced environment and meet strict deadlines Strong organizational and record keeping skills. Ability to work collaboratively with the business and other key stakeholders.Experience with OFAC filtering vendors and platforms . #LI-JJ1 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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