CIT Group Inc.

  • VP, FIU Investigations Manager

    Location US-FL-Jacksonville
    Job ID
    31054
    # 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

    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 Investigations Manager reports to the Head of FIU and directly manages the investigations team.  The position will be responsible for the following:

    • Manage the day to day operations of the FIU Investigations Team.
    • Assign and coordinate caseloads.
    • Directly manage all investigations volumes and ensure regulatory filing deadlines are met.
    • Work with team leads to perform and manage all second level reviews.
    • Oversee and regularly update applicable procedural documents.
    • Create and perform targeted trainings for team members on various AML and Fraud investigations topics of relevance.
    • Work closely with the Head of FIU to relay all investigations related trends and cases of note.
    • Directly perform investigations on high risk and/or internal cases, and as volumes dictate.
    • Provide ongoing general guidance and leadership to ensure 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 FIU Investigations related to internal audit and/or regulatory exam items.

    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 investigations experience. Specifically with respect to AML and Fraud based SAR writing and filing.
    • Thorough understanding of FinCEN and the Bank Secrecy Act as they relate to FIU investigations and SAR filing requirements.
    • 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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