CIT Group Inc.

  • Director, Head of Compliance Assurance Services

    Location US-FL-Jacksonville | US-NJ-Livingston
    Job ID
    # Positions
    Job Family
    Compliance - COO/CAO/Business Management
  • 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


    Director of Compliance Assurance Services will be responsible for providing assurance that compliance controls are in place and operating effectively, across the firm by developing and executing a risk-based compliance testing and monitoring program.  Specifically:

    • Design, develop and execute a risk-based testing and monitoring program
    • Develop, review, test, and report procedures to ensure a strong, and consistent testing program
    • Collect, document and analyze compliance risk-related metrics and escalate identified issues and inconsistencies, when appropriate
    • Participate in compliance committees, including presenting results to senior management
    • Support strong and consistent Compliance Program by serving as Compliance Risk subject matter expert as appropriate
    • Identify risk-based priorities and design testing procedures
    • Analyze regulatory developments and propose implementation and improvement recommendations
    • Execute root cause analysis and follow up of corrective action plans in response to testing/monitoring/quality assurance review findings and recommendations
    • Create reporting dashboards with supporting documentation for each review, containing a summary highlighting the compliance laws, the scope of testing activities performed, the resulting findings, risk ratings, recommendations and response to the findings
    • Prepare and deliver testing information for committees, when applicable
    • Develop and maintain strong communication lines with compliance team, business units and other related constituents


    • BA/BS Degree or an equivalent combination of experience and education.
    • Eight (8) to ten (10) years’ experience in financial institution or audit related management and a minimum of five (5) years’ experience in direct compliance testing/monitoring.
    • Experience in developing risk-based compliance testing and monitoring programs in accordance with applicable laws and regulations
    • CIA/CRCM Preferred or ability to obtain designation.
    • Excellent understanding of financial services regulatory requirements and current regulatory developments with emphasis in the areas of Financial Crimes and Consumer Protection.
    • Ability to request and/or collect relevant information, identify potential exposures/gaps, summarize conclusions, construct recommendations, present recommendations, collaborate and evaluate control results.
    • Experience in, and ability to, execute an enterprise-wide compliance reporting program and effectively communicate and drive change.
    • Provides leadership and specialist knowledge to Examiner, Managers, and others on Compliance matters.
    • Strong leadership/managerial skills.
    • Strong written and verbal communication skills with ability to foster a collaborative working relationship with complex business units and support groups.
    • Proven ability to influence others and effectively address audiences of all levels.
    • Ability to travel to multiple facilities as dictated by business needs.
    • Three (3) to five (5) years management experience.
    • Must have excellent organizational, project management, and problem solving skills with a strong attention to detail.


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