Vice President, Enterprise,Operational Risk

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VP, Enterprise Operational Risk Location US-CA-Pasadena Job ID 31894 # Positions 1 Job Family Risk Management - Operational Risk Type Full-Time

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 Vice President of Enterprise Operational Risk is a relationship manager for certain segments of CIT. He/She will be a part of the operational risk team under the enterprise risk management and will report to the VP of Enterprise Operational Risk.

Key responsibilities include:

- Assist Enterprise Operational Risk with ongoing refinements of Enterprise Risk Self-Assessment (ERSA) standards, templates and process.
- Active participation in the roll out of Operational Risk programs for certain segments of CIT.
- Manage execution of ERSA, EDC (event data collection), Control Testing and KRI (key risk indicators) reporting within all business segments in his/her area and collaborate with the business entities.
- Provide subject matter expertise in Basel Operational Risk and guide as well as train the business segments to effectively implement the framework.
- Ensure a comprehensive understanding of each coverage area's business objectives, environmental and control factors, and overall risk profile.
- Challenge the completeness and quality of business segment/support areas' participation in Operational Risk programs
- Consolidate the results of assessments and report to the senior management and risk committees.
- Assist in identification of issues, monitor progress of issues identified and escalate as appropriate.
- Provide thought leadership to the organization, and have a history of being able to articulate a clear message for which support is garnered.
- Maintain and take ownership of the various taxonomies held for operational risk.
- Standardizing the Operational Risk training material developed by the various framework element leads
Qualifications
- 5 - 7+ years of experience with a leading financial institution, preferably a regulated bank with experience in
working in a risk and control function.
- Bachelor's Degree in Finance, Economics, Risk, Accounting or related field with preference for advanced degree or designation (i.e. MBA, CFA, FRM).
- In-depth knowledge of industry standards risk analysis approaches: Basel II, ISO, COBIT, and COSO.
- Possesses and builds on knowledge of operational risks and trends relevant to financial services staying abreast of current and pending regulatory and compliance requirements
- Client Skills: An ability to interact comfortably with senior management, articulate issues clearly and succinctly, and to challenge existing views.
- Business/Product Knowledge: Extensive knowledge of the financial services industry, preferably in a regulated bank.
- Organizational Ability: An ability to plan and co-ordinate several tasks at any one time.

- Candidates will be expected prioritize effectively, and set/manage tight deadlines for key deliverables.
- Communication: Excellent communication skills-both written and verbal. The role involves a high amount of interaction with senior management and key business partners. Experience with presenting, facilitating, and gaining consensus is required.
- Teamwork / Relationship Management: Capable to work with other colleagues and create strong business networks.
- Leadership: Demonstrate the ability to take ideas forward and to challenge others where appropriate. - - - Demonstrate the ability to act with integrity, and maturity.
- Proficient with the Microsoft Office suite
- Knowledge of GRC (general risk controls) programs is useful and considered a plus.

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