CIT Group Inc.

AVP, Compliance Assurance Services

Location US-FL-Jacksonville
Job ID
32666
# Positions
1
Job Family
Compliance - BusUnit/Product Compliance
Type
Full-Time

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 cit.com/about.

Responsibilities

The Compliance Testing AVP is responsible for the execution of compliance testing reviews (“reviews”) related to CIT’s commercial and consumer banking businesses and support functions covering commercial real estate, mortgage lending, retail banking, securities, commercial lending, commercial leasing, factoring, and treasury management services. Critical to this role is the ability to understand key elements of compliance risk management system with a focus on assurance activities.


• Execute compliance testing reviews across the various commercial businesses and consumer banking businesses with an emphasis on the prudential, financial crimes and consumer regulatory obligations and assess the key compliance risks while evaluating the associated internal controls for design and effectiveness
• Participate in defining the compliance testing scope of work and development of test programs
• Work in collaboration with the business, and support functions
• Attend periodic meetings with other members of the review team and relevant stakeholders to discuss the status of reviews, and pending issues
• Effectively communicate findings through verbal and written recommendations to management
• Exhibit proper judgment in assessing the materially and significance of identified Policy exceptions and/or regulatory issues
• Determine the root cause of issues, and obtain management’s action plan(s) for remediation of issues. Track the issues/ findings through resolution using the issue management system.
• Assist with the reporting of compliance testing results, issues, and updates to senior management
• Successfully complete internal and external training
• Engage in the design and implementation of special activities and projects, as needed

Qualifications

• 5-7 years’ experience in banking – preferably in a Compliance function
• 3+ years’ audit or compliance testing execution with proven understanding of testing methodologies and processes
• Knowledge of overall laws and regulations applicable to commercial and consumer banking
• Excellent communication and interpersonal skills with the ability to effectively and confidently communicate and influence at management level with the personality to challenge status quo
• Demonstrate strong analytical and problem solving skills with good understanding of risk management concepts and sound decision making ability
• Excellent writing skills with ability to effectively articulate findings and issues in concise manner
• Strong attention to detail with ability to multi-task, prioritize and work well in a fast paced organization
• Ability to work in partnership with others and in a team environment and possess strong work ethics
• Exhibit accountability – personal ownership for actions, decisions
• Ability to travel
• Proficiency with data management, spreadsheet and standard computing applications (Excel, PowerPoint and Word)

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