What are the responsibilities and job description for the Asset Management Associate position at Cross River Bank?
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 Asset Management (“AM”) Senior Analyst / Associate will collaborate internally and externally to facilitate transaction management, post-closing activity and day-to-day operations within the Fintech CIO Function. This individual will orchestrate daily activities that are vital to deal execution and assist in refining the infrastructure in support of the Capital Markets Financing Business (loan sales and securitizations). We’re looking for an ambitious team player who is ready to dive into detail and execute on controlled processes that will allow Cross River to operate at scale. This individual will also work with our internal software development team and internal and external stakeholders to help fintech the loan sale & performance surveillance process. The AM team will work closely and cross-functionally with internal Finance (Accounting, FP&A, Treasury), Credit, Legal and Technology (Engineering, Data Science) teams, as well as the Quantitative Strategies, Strategic Direct Lending and Capital Markets Financing groups that sit within the CIO Function.
Responsibilities :
- Lead / manage closing activities for Securitization, Loan Sales, and securities settlements
- Participate in front line relationships with clients / investors for all post-closing activity
- Owner of end-to-end monthly participation remittance process and continue buildout of process automation
- Assist in building operational infrastructure for new strategic initiatives and business lines
- Support ABS securities portfolio by managing asset & portfolio level analytics and monthly securities valuation process
- Work cross-functionally to drive increase in operation efficiency
- Manage recurring deliverables to internal stakeholders and associated committees
- Assist in gathering relevant materials and supporting internal and external audits
Qualifications :
LI-JJ1 #LI-Hybrid #LI-Onsite
Salary Range : $110,000.00 - $130,000.00
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 : $110,000 - $130,000
