Contingent Worker/Consultant-PLM Compliance Head

The Head of Problem Loan Management Compliance is responsible for developing, implementing and monitoring a compliance program covering regulatory compliance and internal requirements for the evaluation and reporting of problem loan assets. This Compliane Head will manage a team of compliance officers focused on problem loans and will report directly to the Head of PLM.

Principal Duties & Responsibilities include, but are not limited to:

• Ensuring the quality of all PLM material submitted by the business units / workout teams to PLM. This would include evaluating and validating all internal material submitted to PLM on recommended write-off’s, reserves and accrual / non-accrual status. The position will require the individual to challenge all assumptions and models that are used by underwriting / workout professionals. Escalate compliance concerns to senior management and work with business units to ensure assessment quality and consistency.
• Managing overall PLM compliance processes. Assisting the Head of PLM with building out process flows and procedures for new compliance group and ensure consistency with written policy. Helping create robust process for identifying and documenting new non-accruals, 114 reserves and charge-off’s, and Troubled Debt Restructurings.
• Ensuring that PLM remains in compliance of policy and regulations. Partner with the line of business to identify appropriate actions to timely resolve or mitigate compliance failures and issues. Provide independent reporting to management on the status of compliance issue resolution. Validate the closure of compliance issues
• Ensuring appropriate training of business unit personnel.
• Managing team of compliance officers. Manage team of 3-5 PLM compliance professionals.
• Compliance record management. Responsible for the overall Organization and retention of appropriate enterprise-wide PLM Records.
• Examination and audit assistance. Assisting Head of PLM and CCO in preparation for internal and external audits and examinations. Facilitating timely response to examination findings including development of corrective action plans when appropriate.

Other
• Maintaining the integrity of Problem Loan Management and Business Unit by conducting oneself in an honorable manner at all times.
• Working in a positive, cooperative and supportive way with clients, co-workers and senior management.

Education & Experience:
• MBA preferred
• 10-15+ years Workout experience
• senior-level regulatory or compliance management, audit or operational risk experience a plus
Required Knowledge, Skills & Abilities:
• Strong organizational and leadership experience
• Commercial underwriting expertise
• Presentation and high level communication experience

Hiring Policies - United States

CIT is an Equal Opportunity Employer. CIT policy prohibits discrimination of employees and applicants for employment. No aspect of employment with CIT will be influenced in any manner by race, color, religion, age, sex, national origin, marital status, disability, Vietnam veteran status, sexual orientation or any other basis prohibited by applicable law. CIT's policy applies to, but is not limited to, hiring, promotion, demotion, transfer, termination and compensation. CIT complies with applicable federal, state and local laws governing nondiscrimination in employment in every location in which CIT has offices.

Hiring Policies - Canada

CIT is committed to a workplace free from discrimination by providing equal treatment and equal opportunity to all of its employees and potential employees regardless of age, ancestry, citizenship, colour, religion, creed, ethnic origin, language, race, sex or sexual orientation, family status, marital status, physical disability/handicap, political belief or any other prohibited ground for discrimination. CIT complies with applicable federal, provincial and local laws governing nondiscrimination in every location in which CIT has offices.