CIT Bank

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Associate, Compliance Assurance Services Testing

at CIT Bank

Posted: 8/19/2019
Job Reference #: 31761

Job Description

  • LocationUS-FL-Jacksonville
    Job ID
    # Positions
    Job Family
    Compliance - BusUnit/Product Compliance
  • Overview

    Founded in 1908, CIT (NYSE: CIT) is a leading national bank empowering businesses and personal savers with the financial agility to navigate their goals. We believe in helping customers turn their ideas into outcomes. Whether those customers are building a business or building their savings, CIT has the experience and agility to empower them to achieve their goals. At CIT, how we do business is just as important as what we do. Our social responsibility programs focus on driving financial and personal empowerment, supporting the environment and advancing wellness. CIT contributes to communities where we live, work and do business through charitable donations, community investments and employee volunteerism.


    The Compliance Testing Associate is responsible for the execution of assigned compliance testing 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.

    Principal Duties & Responsibilities

    • 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.
    • 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.


    • 3-5 years’ experience in banking – preferably in a Compliance function.
    • 1 year audit or compliance testing execution with general 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).