CIT Group adds new chief compliance officer
CIT Group has appointed Paul Tufaro to serve as executive vice president and chief compliance officer.
Tufaro’s responsibilities include executing on enterprise-wide compliance programs focused on consumer protection, and focusing on fair lending and anti-financial crimes. He has been tasked with fostering a culture of compliance and responsible finance across CIT Group.
‘I’m excited to be part of the organization,’ Tufaro says. ‘The business opportunities for the organization are significant, and CIT recognizes the importance of putting customers first and operating in a manner consistent with applicable laws, regulations and ethical standards.’
Tufaro reports to Robert Rowe, CIT Group’s executive vice president and chief risk officer.
‘Paul’s vast experience leading enterprise compliance risk-management practices in the banking sector makes him a valued addition to CIT and our senior management team,’ Rowe says.
Tufaro started his career as an attorney at Mayer Brown and Sidley Austin. Since then he has held a variety of roles across both the legal and compliance professions, working for Bank of America Merrill Lynch, the Royal Bank of Scotland and Evercore Partners.
He has spent the last six years at Citigroup, where he most recently served as the global head of corporate compliance.