$3 billion CIT Group, a provider of financing to small businesses and middle market companies, has named Lisa Polsky as its chief risk officer, effective May 17. She will report directly to Chairman and Chief Executive Officer John Thain.
In her new role, Polsky will be responsible for developing and implementing an enterprise-wide risk management strategy and framework, which will be used to quantify and monitor various types of risk exposures across CIT, identify emerging risk factors, monitor portfolio concentrations and evaluate future business transactions.
