Associate, FIU

June 9, 2021
Jacksonville, FL
Job Type


CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at


The Financial Intelligence Unit (FIU) is a crucial component of CIT's Financial Crimes Compliance Program. The FIU's regulatory responsibilities include Anti-Money Laundering (AML), terrorist financing and fraud related transaction monitoring, investigations, regulatory filings, and other mandatory oversight.

The successful candidate will conduct alert reviews and/or investigations on potential cases of money laundering, terrorist financing, fraud and/or other related financial crimes in compliance with regulatory obligations and investigative protocols. The FIU Associate position will perform research and will write corresponding dispositions on potentially unusual or suspicious transactions/activities. The transactions and activities are analyzed through various operating systems, AML software, and unusual transaction
reports generated by CIT lines of business and support areas.

* Conducting reviews and performing investigations on transaction-based alerts and escalated cases
of potential money laundering, terrorist financing, and/or fraud
* Leveraging internal and external sources to understand expected activity and to investigate,
research, analyze and evaluate customer actions in accordance with regulatory expectations
* Maintaining a designated monthly queue as assigned by management
* Ensuring all alerts and/or cases are closed within required timeframes
* Reasonably establishing the nature of transactional activity, and effectively documenting the
decisions to close cases and/or to file Suspicious Activity Reports (SARs)
* Writing detailed narratives to explain findings while including adequate levels of supporting
* Submitting SAR narratives and documentation to management while allowing sufficient time for
review and subsequent submission to regulatory agencies


Bachelor's degree
* 2+ years in a FIU/AML compliance role or equivalent job experience in the financial services
industry is preferred
* Prior investigative experience through legal expertise, law enforcement background, or other
applicable channels including prior financial institution experience is preferred
* Strong analytical and writing skills
* Ability to identify various financial crimes and money laundering red flags
* Working knowledge of AML and Sanctions regulations
* Working knowledge of financial institution fraud schemes (i.e. identity theft, elder financial
exploitation, vendor fraud, etc.)
* Ability to conduct research by leveraging multiple internal and external systems
* Highly effective communication skills
* Attention to detail and organizational skills
* Demonstrated ability to execute daily tasks independently and within a required timeframe
* Ability to multi-task
* Team player willing to accept challenges large and small
* Proficiency in Windows based applications (e.g., Word, Excel and PowerPoint)
* Prior experience with financial institution AML and case management tools preferred

CIT is committed to Equal Employment Opportunity. It is CIT's policy to provide equal employment opportunities to all qualified applicants without regard to their race or perceived race (including traits historically associated with race, such as hair texture and protective hairstyles), color, national origin, nationality, ancestry, citizenship, immigration status, age, sex (including pregnancy, lactation, childbirth or related medical conditions), actual or perceived gender, gender identity, gender expression or transgender (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), religion, creed, marital status, family status, domestic partnership or civil union status, affectional or sexual orientation, atypical hereditary cellular or blood trait, genetic information or predisposition or carrier status (including testing and characteristics), status as a victim of domestic violence, actual or perceived status as a caregiver, military status and service, protected veteran status, mental or physical disability, perceived disability, record of disability, medical condition, AIDS and HIV status, or any other protected characteristic established by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant under the law, please click here:

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