Founded in 1908, CIT (NYSE: CIT) is a leading national bank empowering businesses and personal savers with the financial agility to navigate their goals. We believe in helping customers turn their ideas into outcomes. Whether those customers are building a business or building their savings, CIT has the experience and agility to empower them to achieve their goals. At CIT, how we do business is just as important as what we do. Our social responsibility programs focus on driving financial and personal empowerment, supporting the environment and advancing wellness. CIT contributes to communities where we live, work and do business through charitable donations, community investments and employee volunteerism.
The responsibilities of the T&O Risk Assessment Manager are to:
Develop and implement technology and operations risk assessments ensuring that the self-assessment process is accurate and efficient.
Participate in key risk activities and demonstrate a good understanding of the top and material risks within the business.
Co-coordinate and obtain business sign off to risk and control self-assessments.
Act as central point of contact between the first and second line of defense risk management teams to provide feedback and provide input in to the risk assessment process.
Lead projects in particular automation of risk assessments for the first line.
Participate in corporate risk assessments including SOX and 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.
Develop actionable risk management dashboards for business management. The dashboards will include key risk indicators, leverage existing and develop new reporting as required.
Lead adhoc risk remediation and control enhancement projects.
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 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 risk management experience is required.
Experience in developing and implementing risk assessments is required at both an enterprise and business line level.
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.