Commercial Finance Risk Manager, VP

CIT GROUP INC.
Published
September 2, 2020
Location
New York, NY
Category
Job Type

Description

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.

We are seeking a VP Risk Manager for Commercial Services: Commercial Services is a leading provider of credit protection, accounts receivable management and lending services. Tailoring financial solutions that help companies of many sizes improve cash flow and reduce operating expenses and customer credit losses. Products include factoring, receivable management, supply chain finance, and asset-based loans.

* Coordinate key risk activities across Real Estate Finance, to ensure material risks are identified, escalated, managed and remediated timely
* Maintain and manage quarter over quarter changes to Real Estate Finance Risk Inventory, coordinate with Corporate Risk Identification team
* Develop and present quarterly FLU Risk Report, including risk limits and/or metrics and dashboards for each risk type, as well as an executive summary to assess any changes to the business risk profile and escalate any issues requiring remediation or follow ups to the Head of Real Estate Finance; identify and implement enhancements to FLU Report design and execution process.
* Participate in or monitor results of corporate Risk Assessments for Real Estate Finance, such as Operational Risk Control Self-Assessments, Third Party Risk Assessments, Compliance Risk Assessments, Business Continuity Planning, SOX, etc.
* Monitor all open issues raised by any control function and/or regulator and follow up to ensure timely remediation; support remediation efforts, as and when needed/ prioritized.
* Take ownership of the Real Estate Finance credit and risk Procedures, ensuring appropriate maintenance
* Coordinate Real Estate Finance inputs to key corporate and regulatory initiatives (e.g. Resolution Plan; CCAR; Strategic Plan risk assessment; LIBOR replacement; etc.)
* Perform ad-hoc projects and analysis for Real Estate Finance management team, as needed
In addition to the above, the role also requires the successful candidate to:
* Produce weekly and monthly production reporting including forecasting both for Finance and Treasury, as well as collating data and narrative on BU performance for the Monthly Business Reviews with executive management
* Draft presentations for all regulatory and review meetings (both internal and external to CIT)
* Produce ad-hoc presentations as required by the Head of Real Estate Finance.

* College degree required
* 5+ years of experience in project management, consulting, risk management, control functions and/or reporting & analytics roles, within the financial services industry
* Good understanding of the various risk disciplines, particularly of credit, operational, compliance, fraud, strategic and reputational risks
* Familiarity with key regulations impacting Real Estate Finance is preferred
Proficiency in Microsoft Office, Excel and PowerPoint
* Strong written communication and interpersonal skills, able to work independently, but also on a team and to gather inputs and drive initiatives cross-functionally
* Ability to prioritize, multi-task, and complete deliverables by deadlines
* Detail oriented, solid analytical as well as reporting development skills
* Proactive and effective challenge attitude
* Comfort and confidence in interaction with all levels of management.

CIT is committed to Equal Employment Opportunity. It is the policy of CIT to provide equal employment opportunities to all qualified applicants without regard to their race or perceived race (including traits historically associated with race, such as hair texture and protective hairstyles), color, national origin, nationality, ancestry, citizenship, immigration status, age), sex (including pregnancy, lactation, childbirth or related medical conditions), actual or perceived gender, gender identity, gender expression or transgender (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), religion, creed, marital status, family status, domestic partnership or civil union status, affectional or sexual orientation, atypical hereditary cellular or blood trait, genetic information or predisposition or carrier status (including testing and characteristics), status as a victim of domestic violence, actual or perceived status as a caregiver, military service, protected veteran status, mental or physical disability, perceived disability, record of disability, medical condition, AIDS and HIV status, or any other protected characteristic established by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant under the law, please click here:

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