CIT Group Inc.

Associate, CCAR Internal Controls

Job ID
# Positions
Job Family
Finance - Controls


About CIT


CIT (NYSE: CIT) was born in 1908 when Henry Ittleson found a new way to make financing available to businesses in St. Louis, Missouri. Soon CIT was forging paths across the country, into Canada and overseas.  But time and experience have produced innovations unimagined a century ago. True to its pioneering legacy, CIT remains an agent of opportunity, providing new resources and fresh perspectives to over one million clients across thirty industries around the globe.


CIT is a financial holding company. It provides financing, leasing and advisory services principally to middle market companies across more than 30 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.


For more than 100 years, CIT has steadily innovated, providing carefully tailored financing solutions to meet the needs of a changing global economy. Along the way, CIT continually redefined what it means to be a financing partner, providing ideas as well as capital to build businesses – and relationships – that have endured for decades.


For the CCAR Internal Controls group within the Finance department, the Associate will support the CCAR internal controls framework which will include end-to-end process walkthroughs, identification and assessing material controls, testing of those controls, and summarizing results for management reporting.


In addition to interaction with other second line control functions such as risk SOX, audit, etc. Specifically, the position will be responsible for the following activities:


  • Facilitate process/control walkthroughs to enable business process mapping and Risk Control Matrices (RCMs) for all material CCAR processes
  • Execute control testing requirements for key CCAR controls
  • Support the management of control deficiencies to ensure adequate review/challenge of CCAR issues for following: Identification, Documentation, Assessment/Root Cause Analysis, and Remediation
  • Ability to fully document change management requirements for CCAR process flows, material changes to the control environment, and corresponding control remediation activities
  • Proven ability to collaborate and build strong partnerships across functions/teams
  • Strong organization and ability to adapt to changing priorities or juggle multiple deliverables at the same time
  • Advanced skills in Microsoft Excel, PowerPoint, and Microsoft Visio
  • Assisting with the development of presentations, requests, and documentation as necessary for submission to regulators, senior mangement committees and other governance requirements




The candidate must possess the following skillsets:


  • At least three years of relevant experience working in the controls domain (i.e., SOX/FDICIA Compliance programs, Internal Control programs, Internal Audit, etc)
  • Prior experience in risk assessment and control testing of CCAR or financial processes
  • Working knowledge of regulatory landscape (e.g. CCAR, DFAST, etc.)
  • Excellent written and verbal communication skills, i.e. ability to write technical testing memoranda and communicate effectively with all levels of management
  • Able to work independently, manage multiple tasks, and to adapt to completing ad hoc requests to suport management recommendations and decisions, i.e. excellent project management skills
  • Proven ability to collaborate and build strong partnerships across functions/teams
  • Strong attention to detail with a control driven mindset
  • A degree in a technical discipline such as Finance, Accounting, Risk Management, or other relevant education


Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed