BaaS Credit and Financial Risk Analyst - 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

Cross River's Fintech Banking Business Credit Risk team has oversight of assessing, monitoring and reporting the risks faced by the Bank across FinTech products and partners. The Credit and Financial Risk analyst will be responsible for the ongoing monitoring of the BaaS & Cards portfolio of clients, including but not limited to; financial performance, credit policy, monthly performance metrics, net risk exposure to the Bank, reporting to senior management etc. This role will work proactively with cross functional teams in the Bank to determine appropriate risk controls, and contribute to the ongoing improvement of the existing credit risk management framework. The candidate must be self-motivated, analytical, results-driven, and be comfortable working with people and partners.

Responsibilities:

• Manage the timely completion of annual and interim credit review processes for all BaaS & Cards clients.
• Perform detailed fundamental financial analysis, leveraging Moody's RiskCalc,for clients and counterparties.
• Assist in the preparation of credit memorandums assessing the financial strength of clients and the overall performance of their portfolio.
• Collaborate closely with enterprise stakeholders in other functional areas that are involved in the onboarding due diligence processes, to deliver best in class customer experience.
• Monitor and identify new and emerging risks in the BaaS and Card portfolio that materially the Bank's risk tolerance and escalate accordingly.
• Responsible for reviewing Client partner ACH limit requirements and activity on an ongoing basis, ensuring appropriate ACH limits are approved and implemented.
• Prepare presentation material and participate in risk related meetings as needed, providing input and guidance to internal stakeholders to ensure appropriate risk management.
• Participate, and lead when needed, on monthly calls with clients reviewing credit policies, financial and operational performance.
• Assist in developing and improving the Bank credit risk framework by reviewing and updating new or existing policies and procedures.
• Contribute to Company risk culture by working with a high degree of integrity and adhering to Company policies and procedures at all times.

Qualifications:

• Bachelors' degree in finance, accounting, economics or related major.
• 1-3 years of experience in performing credit analysis in the financial services industry.
• Experience managing annual and interim credit review cycles for clients.
• Experience preparing and presenting clear concise actionable credit memorandums.
• Strong understanding of financial statements and the ability to understand the story behind the numbers.
• Microsoft Office (SharePoint/MS Dynamics) | Moody's RiskCalc | Atlassian (Jira/Confluence.
• Programing skills is a bonus (SQL/Python).
• Product knowledge of unsecured lending and cards issuing programs is a plus.

Skills:

• Strong quantitative and analytical skills and ability to defend credit decisions.
• Excellent written and verbal communications skills and attention to detail.
• Ability to thrive in a fast-paced, rapidly changing environment and work independently.
• High level of organizational skills with the ability to multitask, work at a rapid pace, and meet deadlines.
• Ability to communicate effectively with internal and external stakeholders

#LI-JG1 #LI-Hybrid #LI-Onsite

Salary Range: $65,000.00 - $90,000.00