CIT Group Inc.

  • Associate, Risk Controls and Testing

    Location US-NJ-Livingston
    Job ID
    # Positions
    Job Family
    Risk Management - Governance and Control
  • Overview

    CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at


    • For the Risk Controls and Testing group within the Risk Management department, the Associate will support the internal controls framework which will include
    • end-to-end process walkthroughs
    • Identification and assessing material controls, testing of those controls, and summarizing results for management reporting.
    • Interaction with other second line control functions such as risk, SOX, audit, etc.
    • Facilitate process/control walkthroughs to enable business process mapping and Risk
    • Control Matrices (RCMs) for all in-scope business processes.
    • Execute control testing requirements for key controls.
    • Support the management of control deficiencies to ensure adequate review/challenge of issues for the following: Identification, Documentation, Assessment/Root Cause
    • Analysis, and Remediation.
    • Ability to fully document change management requirements for process flows, material changes to the control environment, and corresponding control remediation activities.
    • Proven ability to collaborate and build strong partnerships across functions/teams.
    • Strong organization and ability to adapt to changing priorities and juggle multiple deliverables at the same time.
    • Advanced skills in Microsoft Excel, PowerPoint, and Microsoft Visio.
    • Assisting with the development of presentations, requests, and documentation as necessary for submission to regulators, senior management committees and other governance requirements.



    • A degree in a technical discipline such as Finance, Accounting, Risk Management, or other relevant education
    • At least three years of relevant experience working in the control’s domain (i.e.,
    • Models/SOX/FDICIA Compliance programs, Internal Control programs, Internal Audit, etc).
    • Prior experience in risk assessment and control testing
    • Excellent written and verbal communication skills, i.e. ability to write technical testing memoranda and communicate effectively with all levels of management.
    • Able to work independently, manage multiple tasks, and to adapt to completing ad hoc requests to support management recommendations and decisions, i.e. excellent project management skills.
    • Proven ability to collaborate and build strong partnerships across functions/teams.
      Strong attention to detail with a control driven mindset


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