CIT Group Inc.

  • AVP, Banking Operations

    Location US-CA-Santa Monica
    Job ID
    30989
    # Positions
    1
    Job Family
    Operations - Cash Operations
    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

    • Manage daily activities to ensure operational integrity and established service levels are maintained.
    • Ability to drive process improvement opportunities across all areas managed.
    • Manage Day 2 operations, including check adjustments, balancing of branch cash on hand and the resolution of teller variances.
    • Knowledge of Fed and Clearing House check clearing rules
    • Working knowledge of an image capture environment including but not limited to transit processing and exception processing, deposit adjustments etc.
    • Knowledge of accounting principles, including the ability to reconcile and clear outstanding entries.
    • Act as the primary liaison between the Operations Department and the General Accounting Office and SOX teams.
    • Preparation of monthly general ledger reconcilements in accordance with established procedures.
    • Responsible for maintaining up-to date knowledge of the systems used within the Bank and state and federal regulations related to assigned functions.
    • Manage internal and external inquires related to audits, adjustments, processing protocols, teller variances, general ledger entries and reconciliations etc.
    • Develop and coach team members to meet established performance goals and objectives.

    Qualifications

    • Education: Bachelor’s Degree preferred but not required.
    • Experience: 7-10 years of previous experience with increasing responsibility in back office operations. 5+ years supervisory experience.
    • Strong analytical and change management skills
    • Extensive knowledge of operations functions within the Bank.
    • Knowledge of federal and state regulations pertaining to areas of responsibility.
    • Ability to prioritize and accomplish multiple tasks simultaneously within stringent time frames.
    • Must possess excellent written and verbal communication skills including the ability to answer questions quickly and accurately.

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