CIT Group Inc.

  • VP, FIU Transaction Monitoring Manager

    Location US-FL-Jacksonville
    Job ID
    31053
    # 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

    The CIT Financial Intelligence Unit (“FIU”) is responsible for suspicious activity monitoring, financial crimes investigations, regulatory filings, and other financial institution BSA/AML and Fraud based oversight.  The VP, FIU Transaction Monitoring Manager reports to the Head of FIU and directly manages the transaction monitoring team.  The position is responsible for the following:

    • Manage the day to day operations of the FIU Transaction Monitoring Team.
    • Work closely with the team to manage day to day volumes of alerts cleared and create performance management metrics to directly oversee and report production levels.
    • Work with team leads to perform and manage all second level reviews on alert escalations.
    • Oversee and regularly update applicable procedural documents.
    • Create and perform targeted trainings for team members.
    • Work closely with the Head of FIU to report and manage volumes. Ensure that monthly deadlines are met in accordance with internal procedures.
    • Directly perform alert reviews on high risk and/or internal alerts, and as volumes dictate.
    • Provide ongoing guidance and leadership to ensure both consistency in processes, and that all relevant regulations and internal procedures are followed.
    • Provide advice and counsel to the Head of FIU and the Enterprise BSA Officer around alerts and processes related to internal audit and/or regulatory exam items.
    • Regularly work with IT partners to provide operational feedback and to ensure that software and case management systems are working effectively and in line with expectations.

    Qualifications

    • Bachelor’s degree required.
    • 5+ years of experience in financial crimes oversight for a regulated, financial institution. Retail bank experience is preferred.
    • Previous financial crimes experience. Specifically with respect to AML Transaction Monitoring.
    • A technological background in transaction monitoring systems is strongly preferred.
    • Thorough understanding of FinCEN and the Bank Secrecy Act as applied to AML monitoring.
    • Ability to consistently identify suspicious activity from a money laundering and fraud standpoint.
    • Strong writing and critical thinking skills. The ability to dictate facts and to draw conclusions effectively and concisely.
    • Prior direct management experience is strongly preferred.
    • Ability to manage a team in a heavily deadline driven environment and consistently meet goals.
    • Proficiency in all Windows based applications (e.g. Word, Excel, and PowerPoint). Proficiency in Actimize Case Management System is strongly preferred.

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