Assistant Vice President, Third Party Risk Management

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Company: CIT Group LLC
Location: Livingston, NJ 07039

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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.

]Responsibilities:

The AVP, Third Party Risk Management will be a detail oriented self-starter who can work effectively in a fast paced environment with minimal supervision.

This is a hands on position where no task is too big or too small. Improving processes and efficiencies is expected through proactive and forward thinking.


Principal Duties & Responsibilities:

  • Project manages the Inherent risk assessment process and provides guidance through the Third Party Oversight process until contract signing
  • Collaborates with appropriate risk Subject Matter Experts in functional and regional areas to support the due diligence and risk assessment process
  • Create, design and implement processes that improve operational performance within the Third Party team
  • Design dashboards and reports that clearly and accurately capture key performance indicators for Senior Management and business leaders
  • Act in a Finance “Subject Matter Expert” capacity for the Vendor Management team, requiring financial statement analysis of third-party vendors to assess the long-term probability of financial viability, including the ongoing monitoring of vendors
  • Updates policies and procedures with guidance provided by the Director of Third Party Oversight and other Senior members of the group
  • Assist in the development and presentation of information to facilitate decision making at various levels within the organization
  • Challenge the status quo through innovation of existing tools and processes
  • Assist in the testing, implementation and ongoing support of the Third Party Management Tool to process third party relationships
  • Aid in special projects as required

Qualifications:

  • BA in Finance/Risk
  • 5 years + in an Risk/Audit/Control function
  • Good to have Big 4 consulting experience
  • Hands on, detailed motivated individual with very good project management skills
  • Capable of balancing multiple projects while maintaining a high level of responsiveness, client focus, and attention to details
  • Experienced relationship management skills
  • Previous experience with third party management and related regulatory requirements considered an asset
  • Ability to analyze financial statements and understand key financial ratios considered an asset
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