CIT Group Inc.

  • VP, Business Capital Risk Manager

    Location US-FL-Jacksonville
    Job ID
    # Positions
    Job Family
    Information Technology - IT Operations
  • 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


    • Support the Business Capital leadership team with key risk and control activities through identification of potential risk events, control education, review of metrics and facilitation of risk and control self -assessments
    • Co-ordinate all key risk activities and demonstrate a good understanding of the top and material risks within the business.
    • Co-coordinating and obtaining business sign off to risk and control self-assessments.
    • Develop and implement an effective control framework
    • Act as central point of contact between the business and key stakeholders including regulators, internal audit, compliance, third party management and operational risk
    • Understand and work with the business to identify any gaps that may exist within business against bank policies and regulations
    • Participate in corporate risk assessments including SOX, CCAR, Operational Risk control self-assessments, vendor risk assessments, compliance risk assessments, monitor results and track any issues that are opened to ensure they close on the agreed closure dates
    • Provide and co-ordinate input to key corporate and regulatory initiatives
    • Develop actionable risk management dashboards for business management. The dashboards will include key risk indicators, leverage existing and develop new reporting as required
    • Participate in select risk committees/ working groups
    • Lead adhoc risk remediation and control enhancement projects
    • Implement central control design and testing for corporate initiatives i.e. SOX CCAR as examples.
    • Provide leadership on risk management with the business line management team to mitigate risk issues in a timely manner
    • Provide consultancy on risks for new financial products that the bank maybe considering launching


    The technology and Operations T&O Operational risk team is the first line of defense for the technology and operations group at CIT.

    People in technology and operational risk management jobs must be analytical, logical personnel as their task is to embed risk control assessments within an organization. This usually involves the monitoring of risk policies and tools in order to determine their effectiveness within a particular organization. They must also develop risk management practices that are in line with the policies of the organization and the regulatory framework of the financial industry.

    Previous technology risk experience must include application processes and controls.

    Previous operations experience is usually preferred, but experience in dealing with a position calling for strong analytical, managerial, and negotiation skills can sometimes be substituted where operational experience has not been gained by the candidate.

    Risk managers will need to be fluid communicators as they will need to address personnel at all levels of hierarchical importance. They will need to adapt their way of speaking to suit the different skill sets that each department brings so as to ensure that risk policies are implemented effectively and with complete understanding by the staff.


    • 10+ years’ experience in financial services, with experience in T&O
    • Familiarity with risk frameworks such as FFIEC, NIST, COBIT
    • Understanding of regulations that apply to the business such as FRB, OCC, CFBP regulations and examination guidance
    • Strong analytical skills and a questioning mind
    • Proven leadership skills
    • Strong communicator across all levels of the organization
    • Self-starter who has the ability to work independently or on terms and cross functionally


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