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Assistant Vice President Regulatory Reporting
CIT
Livingston, NJ, United States
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Overview
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. 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. For more information, visit cit.com.
Responsibilities
• This position will be responsible to prepare regulatory reporting schedules, with a focus on the commitments and regulatory capital
• Work with team to understand the information inputs and the Reporting process
• Maintain internal control framework, process flowcharts and control points for the Regulatory Reporting group, liaison with SOX/FDICIA control team
• Ensure all control requirements are being completed on a timely basis including key spreadsheet controls, procedure updates, Reporting attestations, etc.
• Coordinate business continuity plan with information Technology group
• Assist in Regulatory Reporting examinations by the Fed, Internal Audit and External Audit
Qualifications
• Strong accounting or internal control (SOX) knowledge
• Regulatory reporting experience and knowledge with FR Y9C, Call Report, etc., with focus on regulatory capital
• Detail oriented; proactive in issue identification and solution implementation
• Strong written and oral communication skills; hold his/her own in challenging situations and have a strong and independent point of view
• Ability to work with and influence people across a matrix organization
• Excellent Microsoft Excel knowledge required
• Strong teamwork ethic and organizational skills
• Bachelor's Degree in Accounting
• CPA or equivalent preferred
• At least 5 years relevant regulatory reporting experience; good understanding of US GAAP, knowledge with Basel III capital and RWA calculation is a plus
• Experience in PeopleSoft/Hyperion a plus