CIT Group Inc.

Associate, Operations Loss

Location US-FL-Jacksonville | US-NJ-Livingston
Job ID
30126
# Positions
1
Job Family
Information Technology - IT Operations
Type
Full-Time

Overview

 

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. 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 information, visit cit.com.

Responsibilities

This position will report to the VP of Operational Risk & Controls and will support the Operational Risk & Controls Team in carrying out operational risk and internal control requirements for Technology and Operations.

 

  • Responsible for oversight of Technology and Operations Risk Event Data Collection (“EDC”) process in accordance with documented policy and procedures 
  • Assisting the business unit with identification, collection and reporting of operational risk events (Events)
  • Researching and documenting root cause of Events
  • Analyzing Event trends and/or emerging risks
  • Assisting management with action plan including the quality, completeness and reporting of remediation tasks
  • Accurately reporting of Events in the system (BWise)
  • Preparing monthly reporting
  • Running monthly meetings with senior management to review operational risk events
  • Assist with Risk and Control Self-Assessment (“RCSA”) process in accordance with documented policy and procedures. 
  • Performing annual and quarterly refresh / identification of financial risks with senior management
  • Assessing inherent / residual financial impact and risk rating
  • Identifying controls that mitigate the risks identified
  • Assisting management with drafting and completion of action plans
  • Manage the reporting of key risk indicators to effectively monitor and predict increasing risk conditions

Qualifications

  • Experience with identifying risks / controls, Sarbanes-Oxley compliance, process documentation / flowcharts, auditing / testing and operational risk management 
  • Experience with application of Project Management principles
  • Must be comfortable working in conjunction with various levels of management
  • Ability to work effectively in a fast-paced environment, adapt well to changing priorities to meet deadlines, and work on various initiatives concurrently 
  • Strong sense of urgency with ability to multi-task, take initiative and follow-through

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