IT Compliance Associate

As an IT Compliance Associate at Cross River, your main responsibility is to ensure that our operations adhere to legal and internal regulations. You'll develop and implement an effective compliance program, conduct risk assessments, assess vendor documentation, and create policies. Your expertise will help maintain the highest standards of compliance while supporting our business goals.

To qualify for the IT Compliance Associate role at Cross River, candidates should hold a Bachelor's degree and have at least 3 years of experience in a compliance-related field. Additionally, security certifications such as CISA, CISSP, or Security+ will enhance your candidacy. Strong analytical skills and effective communication abilities in English are also essential.

Day-to-day tasks for an IT Compliance Associate at Cross River include reviewing and assessing vendor documents, conducting internal risk assessments, maintaining access recertification processes, and creating internal policies. You'll engage in analyzing reports to identify gaps and implement control measures, all while collaborating closely with the technology team to ensure compliance.

An IT Compliance Associate at Cross River should exhibit strong written and verbal communication skills, a solid grasp of compliance regulations, and analytical thinking abilities. Familiarity with risk management, compliance frameworks, and financial technology will be advantageous for effectively performing your duties while contributing to the team.

Cross River is honored as one of the Best Places to Work in Fintech for six years running, which reflects our strong family culture and mission-driven workplace. We prioritize collaboration, innovation, and high performance, therefore providing a stimulating environment for IT Compliance Associates to thrive and influence the landscape of financial services.

IT compliance is crucial in the fintech sector as it ensures that all operations adhere to legal and regulatory standards. This not only protects the company from potential legal issues but also fosters trust with customers and partners by demonstrating a commitment to ethical practices.

In developing compliance programs, it's essential to assess the current processes, identify gaps, and craft solutions that align with legal standards. I've conducted risk assessments and established policies that streamline compliance while ensuring effective operation across teams.

Handling vendor risk assessments involves closely reviewing vendor documentation and performance, conducting thorough due diligence, and identifying any potential risks during partnerships. I leverage analytical skills to assess these risks and propose mitigation strategies to manage them effectively.

To stay current on compliance regulations, I regularly engage with industry publications, attend conferences/webinars, and participate in continuous learning opportunities. Building a network of compliance professionals also helps me exchange insights and updates on regulations pertinent to our industry.

In a past role, we faced a compliance gap due to insufficient vendor documentation. I spearheaded a review process that resulted in developing clear policies for vendor oversight, conducting training sessions for teams, and establishing a compliance checklist that prevented future issues.

Ensuring effective communication involves creating open channels for discussions about compliance and integrating compliance updates into regular team meetings. Additionally, I advocate for transparency by providing documentation and resources that team members can easily refer to.

I have experience using compliance management software and tools, such as GRC platforms, which aid in tracking compliance issues, managing audits, and streamlining workflows. Familiarity with data analysis tools also enhances my ability to identify compliance trends.

Creating internal compliance policies requires a thorough understanding of both external regulations and internal processes. I would conduct a gap analysis, seek input from relevant stakeholders, and ensure that policies are not only compliant but also practical for the team to implement.

I believe I am a strong fit for Cross River's IT Compliance Associate role due to my comprehensive understanding of compliance standards, proven track record of developing compliance programs, and my commitment to fostering an ethical work environment that aligns with Cross River's mission.

Some of the main challenges in IT compliance today include rapidly changing regulations, the need for constant vigilance against cyber threats, and ensuring compliance amidst evolving technologies. Staying proactive and adaptable will be key to addressing these challenges effectively.