CIT Group Inc.

  • AVP, CCAR Internal Controls

    Location US-NJ-Livingston
    Job ID
    30351
    # 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

    For the CCAR Internal Controls group within the Finance department, the AVP - Internal Controls position will support the CCAR internal controls framework which will include end-to-end process walkthroughs, identification and assessing material controls.

    Specifically the position will be responsible for the following activities:

    • Develop, execute, and support activities and systems to implement the CCAR internal controls framework 
    • Working knowledge of regulatory landscape (e.g. CCAR, DFAST, etc.)
    • Manage the CCAR Internal Control materiality assessment and framework
    • Review, prioritization, remediation activities, and reporting of all CCAR control deficiencies identified through testing, audit findings, regulatory findings 
    • Closely partner with the CCAR Central Office to manage all control requirements
    • Lead the development and sustainability of management and regulatory reporting which will include metrics such as Key Performance Indicators and other dashboards tracking the progress towards the achievement of goals over time

    Qualifications

    The candidate must possess the following:

    • At least seven years of overall relevant experience working in the internal controls domain (i.e., SOX/FDICIA Compliance programs, internal controls programs, internal audit, etc)
    • Excellent written and verbal communication skills, i.e. ability to write technical memoranda and communicate effectively with all levels of management
    • Able to understand complex CCAR processes from an end-to-end perspective with the ability to ensure key controls are operating effectively
    • Able to effectively coordinate an issue management process, drive the communication and timelines of key deliverables to stakeholders, and ensure proper remediation evidence is provided

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