CIT Group Inc.

  • AVP, Regulatory Reporting

    Location US-NJ-Livingston
    Job ID
    30314
    # Positions
    1
    Job Family
    Finance
    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 be responsible to prepare regulatory reporting schedules, with a focus on the commitments and regulatory capital
    • Work with team to understand the information inputs and the Reporting process
    • Maintain internal control framework, process flowcharts and control points for the Regulatory Reporting group, liaison with SOX/FDICIA control team
    • Ensure all control requirements are being completed on a timely basis including key spreadsheet controls, procedure updates, Reporting attestations, etc.
    • Coordinate business continuity plan with information Technology group
    • Assist in Regulatory Reporting examinations by the Fed, Internal Audit and External Audit

    Qualifications

    • Strong accounting or internal control (SOX) knowledge
    • Regulatory reporting experience and knowledge with FR Y9C, Call Report, etc., with focus on regulatory capital
    • Detail oriented; proactive in issue identification and solution implementation 
    • Strong written and oral communication skills; hold his/her own in challenging situations and have a strong and independent point of view
    • Ability to work with and influence people across a matrix organization
    • Excellent Microsoft Excel knowledge required
    • Strong teamwork ethic and organizational skills
    • Bachelor's Degree in Accounting
    • CPA or equivalent preferred 
    • At least 5 years relevant regulatory reporting experience; good understanding of US GAAP, knowledge with Basel III capital and RWA calculation is a plus
    • Experience in PeopleSoft/Hyperion a plus

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