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CIT Group Inc.

Director

CIT Group Inc. - Livingston, NJ

Overview
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.
Responsibilities
CIT is currently recruiting for a Head of Third Party Risk Management to ensure efficient and comprehensive management of Third Party risk, while monitoring adherence to broader enterprise risk frameworks and regulatory guidance.
 
Responsibilities include:\u2022 Managing and developing staff by providing guidance, training, and motivation necessary to develop staff. Hires, terminates, evaluates, and counsels personnel. Setting performance standards, reviewing performance and providing regular and ongoing feedback.\u2022 Serving as CIT's internal expert on third party risk. As a part of the second line of defence, developing and implementing Third Party Risk Management (TPRM) framework across all Business units of CIT consistent with industry best practices and regulatory guidance.\u2022 Supporting the governance process, by chairing the Third Party Working Group (Committee) and managing, resolving and escalating third party risk issues. \u2022 Establishing and maintaining policy, procedures and tools to support the Third Party Risk Management process.\u2022 Collaborating with various Subject Matter Experts and first line of defense employees to establish an efficient and effective third party risk management program
Qualifications
\u2022 MBA preferred. Master's degree or equivalent combination of training and experience
\u2022 10 years relevant experience in risk management and experience working with third party risk specifically\u2022 Deep knowledge of internal control and risk management with demonstrated understanding of the regulatory landscape and understanding of asset management\u2022 Strong controls mindset\u2022 Ability to build credibility and influence key internal and external stakeholders\u2022 Strong experience in data analytics & knowledge of supply base market analysis\u2022 Demonstrated commitment to developing staff skills and building capabilities

12 days 10 hours ago

CIT Group Inc.

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Director CIT Group Inc. - Livingston, NJ, United States

   

Location: Livingston, NJ

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.