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VP, Front Line Unit Risk Manager Location US-CA-Pasadena Job ID 32127 # Positions 1 Job Family Risk Management - Operational Risk Type Full-Time
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 VP, Front Line Risk Manager reports to the Director, Head of Consumer Banking Risk Manager and supports the Consumer Banking Division based in Pasadena. The Consumer Banking division includes SBA Lending, Mortgage Originations and Retail Banking as well as Online Banking lines of businesses.
Coordinate all key risk activities and have a good understanding of all risks affecting the business line; act as central point of contact for assigned businesses.
Participate to Corporate Risk assessment processes, such Enterprise Risk Control Self-Assessments (ERSA), Business Continuity Planning, Control Testing, etc.; monitor results and issues raised and ensure remediation is progressing timely.
Conduct and obtain business sign off to risk and control self-assessments for assigned business unit.
Develop and implement an effective control framework by performing quality control testing for key controls.
Develop actionable risk management dashboards for the business line, to include key risk indicators, leverage existing and develop new reporting as needed; ensure alignment of management reports with business line risk reports.
Participate to selected Risk Working Groups to ensure monthly elevation of risks to Head of Consumer Bank Risk Manager; provide updates on the development of the business line risk framework.
Work very closely with assigned BUs to manage New Activity approval, implementation and monitoring programs.
Ensure proper metrics/limits are in place to monitor risks, and any breaches are escalated and resolved timely.
Regularly update business line Head on risk issues and ensure they are reflected in strategic decision making.
Provide and coordinate input to key corporate and regulatory initiatives
Assist Head of Consumer Bank Risk Manger to prepare quarterly FLU risk reports.
Work within assigned BU teams to identify, prioritize and lead projects to manage risks.
College degree required
3-5 years' experience in risk management consulting or financial services industry, in risk related roles
Consumer Banking experience preferred
Good knowledge of financial services products, including business and consumer etc.
Proficiency in Microsoft Office, Excel and PowerPoint
Strong written communication and interpersonal as well as analytical skill
Familiarity with OCC Heightened Standards and key Regulations impacting Consumer Banking business lines preferred
Strategic or risk management consulting experience preferred
Proven leadership ability
Ability to prioritize and multi-task
Self-starter, able to work independently or on teams and cross-functionally
Superior analytical skills and highly-developed oral and written communication skills
Comfort and confidence in interaction with all levels of management and second line teams
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