Analyst, AML/CFT & OFAC Compliance, FIU, Suspicious Activity Monitoring

Who We AreCross 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 ForCross River's Compliance team makes sure that our business is always consistent with current regulations, and as an AML/CFT & OFAC Compliance apart of the FIU responsible for Suspicious Activity Monitoring, you will be responsible for investigation of escalated alerts, quality review of Level 1 Alerts, internal/external referrals, and SAR reporting processes. The FIU team is responsible for rule and scenario-based transaction monitoring, manual monitoring, investigations, and SAR filings on behalf of Cross River.Responsibilities:Review and investigate potential occurrences of suspicious activity via several avenues including automated monitoring alerts in the Bank'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.Work cooperatively with analysts offshore supporting functions such as: quality control, requests for information, complex alert investigations, and quality remediations.Provide feedback on identified risk trends observed within the activities reviewed through metrics communication with internal stakeholders.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 correspondent baking, digital payments, and buy now pay later platforms is a plus. #LI-JJ1 #LI-Hybrid #LI-OnsiteSalary Range: $80,000.00 - $90,000.00Cross 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.