What are the responsibilities and job description for the Associate, Fair & Responsible Banking position at Cross River?
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
The Bank is seeking a Fair Lending Associate. This position supports the Fair Lending Compliance team by assisting with various activities and initiatives to identify, assess, monitor, and mitigate fair lending risk. This position is responsible for executing a range of work products that often reflect subject matter expertise and guidance in fair lending matters to manage fair lending risk.
Primary Duties and Responsibilities:
The Fair Lending Associate performs, in conjunction with individuals and teams within Fair Banking, Compliance, other Risk disciplines, and business lines, performs a wide range of duties, including, but not limited to, the following:
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.
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
The Bank is seeking a Fair Lending Associate. This position supports the Fair Lending Compliance team by assisting with various activities and initiatives to identify, assess, monitor, and mitigate fair lending risk. This position is responsible for executing a range of work products that often reflect subject matter expertise and guidance in fair lending matters to manage fair lending risk.
Primary Duties and Responsibilities:
The Fair Lending Associate performs, in conjunction with individuals and teams within Fair Banking, Compliance, other Risk disciplines, and business lines, performs a wide range of duties, including, but not limited to, the following:
- Use fair lending subject matter expertise to implement risk identification and monitoring activities to proactively identify products, models, policies, practices, etc. that create fair lending risk or may result in unfair treatment.
- Conduct work related to fair lending risk assessments.
- Review change management and marketing materials/campaigns to identify potential fair lending concerns.
- Monitor and identify potential fair lending concerns related to complaints and complaint trends.
- Conduct onboarding third-party fair lending due diligence reviews
- Assist management with the compilation of information for reporting, monitoring fair lending related issues, as well as audit and regulatory requests.
- 4 years of combined fair lending/fair banking and other related consumer compliance experience in consumer financial services or a regulatory agency.
- Working knowledge of fair lending and fair banking-related laws and regulations, including, but not limited to, the Equal Credit Opportunity Act (ECOA/Reg B), Unfair Deceptive Abusive Acts and Practices (UDAAP), the Fair Housing Act (FHA), and the Fair Credit Reporting Act (FCRA).
- Familiarity with fair lending analytical techniques, including but not limited to raw disparity and regression analysis.
- Understanding of consumer and commercial/business loans and associated banking documentation, servicing, and operations.
- Bachelor’s degree required.
- Experience acting as a “lead” on compliance/fair lending-related projects and activities, mentoring less experienced team members as necessary.
- Experience with audits and regulatory exams.
- Computer proficiency, specifically MS Office (Word, Excel, Access, PowerPoint, etc.).
- Strong presentation and communication skills, including technical writing capabilities.
- Critical thinking and the ability to synthesize information from various sources and multiple data points across multiple business units to develop a comprehensive assessment of fair lending and fair banking risk.
- Strong communication skills with an ability to convey complex topics and recommendations.
- Ability to operate successfully in a fast-paced environment.
- Ability to collaborate successfully across internal teams and third-party relationships.
- Strong planning and organizational skills.
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.
Salary : $80,000 - $120,000
