Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.
This individual will conduct investigations on actual and suspected cases of fraud and other related financial crimes in compliance with investigative protocols. The Investigator performs research on fraudulent activities conducted through CIT’s products and services. The fraudulent activities are analyzed through the use of various CIT operating systems, databases, and unusual transaction reports generated by the businesses and support areas.
The Investigator will be responsible for:
• Investigating suspected, alleged or known fraud using both internal and external resources
• Compiling the necessary investigative documentation, contacting internal and external parties, and conduct interviews as necessary to complete investigations
• Documenting all findings, analyzing similar trends, making recommendations as necessary to enhance the business control and prevention frame work, flagging cases as requiring a suspicious transaction report or case closure and, when necessary, draft Suspicious Activity Reports (SARs) and filing of police reports.
• 3+ years in an investigative role in a regulated financial institution
• Strong knowledge of Fraud scenarios
• Experience completing SARs and drafting SAR narratives preferred
• Effective communications skills, including excellent writing and oral communications ability.
• Demonstrated ability to focus on details and ability to execute daily tasks independently and effectively.
• Undergraduate degree preferred or equivalent work experience
• CFE credentials a plus
• Team player willing to accept challenges large and small and meet them under time pressure.
• Experience in a Bank or Bank Holding Company environment a plus