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CIT Group Inc.

AVP Recovery & Resolution Planning Program Manager

CIT Group Inc. - New York City, NY

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. 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.
The Recovery & Resolution Planning Office is seeking an experienced Project Manager for a newly created position to assist CIT in preparation of the Resolution Plan which the Company must submit to the Federal Reserve Board and the FDIC as a result of CIT\u2019s designation as a systemically important financial institution under the Dodd-Frank Act. The successful candidate will report to CIT\u2019s Recovery and Resolution Plan Officer and will be member of the firm wide RRP core team.
The RRP Office Program Manager will be responsible for ensuring a robust and repeatable management structure around the strategy, production of regulatory deliverables, and tracking a range of initiatives which enhance resolvability.
This position offers a unique opportunity to learn about CIT and to work directly with colleagues from a diverse set of disciplines and businesses. As part of the cross-functional RRP core team, the Program Lead will be part of the team that develops, revises and maintains CIT\u2019s Recovery and Resolution Plan. This involves understanding and explaining the company\u2019s material businesses and operations; as well as its financial and operational interconnections and dependences. RRP involves not only mastering and presenting factual information under legal constructs and executing initiatives to enhance resolvability but also devising strategies and advocating the CIT\u2019s position to regulators.
Responsibilities include:\u2022 Developing a deep understanding of the Recovery and Resolution Plan objectives and strategies so as to guide and lead other parts of the organization;\u2022 Driving the annual roadmap of activities both for production of RRP materials and driving initiatives which enhance resolvability;\u2022 Creating, maintaining, communicating and tracking the detailed work-plan, including a resourcing/budgeting plan, and major milestones;\u2022 Building project management discipline through the application of tools, templates, and facilitating the execution of the work plans; \u2022 Updating and maintaining documentation to support the RRP, including sections associated with Plan Governance, Management Information Systems and ancillary sections including Contact Information, Index, Glossary and Rule Mapping\u2022 RRP document management, including version control, issue management and follow up and open data needs;\u2022 Leading team meetings, as required, to discuss status, progress, and to remove roadblocks to achieve key milestones and objectives;\u2022 Providing oversight on specific recovery and resolution improvement measures;
\u2022BA/BS preferred.
\u20225 years of relevant experience in leading large programs to a successful conclusion.
\u2022 3 years of relevant experience in financial regulatory projects/programs.\u2022 Experience of working within the Front-Office, Treasury, Operations or Finance functions in a senior leadership role.\u2022 Ability to interact with senior stakeholders and team members across all areas of the company.\u2022 Ability to remain calm under pressure and cope with difficult and changing scenarios.\u2022 Familiarity with significant regulatory changes.\u2022 Excellent analytical skills.\u2022 Excellent written and verbal communication skills.\u2022 Tools: Excel, PowerPoint, Word, (WDesk experience a plus).

8 days 20 hours ago

CIT Group Inc.


AVP Recovery & Resolution Planning Program Manager CIT Group Inc. - New York City, NY, United States


Location: New York City, NY

Company Profile:
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. The company operates in five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies in various industries, such as commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and railcar industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of domestic and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivables management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, dealers, and product resellers to deliver financing and leasing solutions to end-user customers for the acquisition of equipment. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management and servicing, credit protection, financial risk management, import and export financing, insurance, letters of credit, and mergers and acquisition advisory services, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.