CIT Group Inc.

  • FIU Analyst II

    Location US-FL-Jacksonville
    Job ID
    30482
    # Positions
    1
    Job Family
    Compliance - BSA, AML & Sanctions, OFAC
    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

    • Maintaining a designated monthly queue as assigned by the Head of the FIU/FIU Manager

    • Ensuring all alerts and/or cases are closed within the designated procedural deadline

    • Conducting reviews and performing due diligence on alerts generated via automated monitoring systems using both internal and external resources

    • Investigating, researching, analyzing and evaluating varying complex cases of suspicious financial activity for possible anti-money laundering, terrorist financing, and fraud violations involving all lines of business including Retail and Online Bank, Direct Capital, Equipment Finance and Commercial Services

    • Reasonably establishing the nature of transactional activity, and effectively documenting the decisions to close cases and/or to file a Suspicious Activity Report (SAR)

    • Submitting SAR narratives and documentation to management while allowing sufficient time for review and subsequent submission to FinCEN and other regulatory agencies as deemed necessary

    • Assuming departmental projects and initiatives as assigned to define and solve issues of BSA, Fraud, or Sanctions regulatory compliance

    Qualifications

    • Bachelor’s degree preferred

    • 3+ years in a compliance role or equivalent job experience in the financial services industry in a regulated financial institution related to transaction monitoring

    • 3+ years in Retail Banking and/or equivalent financial crimes related experience

    • Prior investigative experience through law enforcement, legal expertise, or other applicable channels including prior financial institution experience

    • Ability to identify various white-collar crime, fraud and money laundering schemes

    • Awareness of the workings of an AML Financial Intelligence Unit or similar investigations environment within a financial services company

    • Awareness of the workings within fraud investigations as it pertains to Identity Theft, Elder Abuse, Vendor Fraud, etc.

    • Working knowledge of AML and Sanctions regulations

    • Effective verbal and written communication skills

    • Demonstrated sense of urgency, attention to detail and organizational skills

    • Demonstrated ability to focus on details and ability to execute daily tasks independently and effectively

    • Ability to multi-task

    • Ability to work in a heavily deadline driven environment

    • Team player willing to accept challenges large and small

    • Self-motivated with the ability to work independently and as a member of a team

    • Proficiency in Windows based applications (e.g., Word, Excel and PowerPoint) skills

    • Proficiency in internet and various database resources to facilitate due diligence/ investigations process

    • Skilled in conducting research and analysis

    • Preferred experience with AML tools (e.g., AML monitoring system such as Actimize) and case management tools.

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