Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. 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.
Incumbents are the primary contact and responsible for the overall relationship with CIT’s clients.
Primarily responsible for managing, maintaining, & controlling a portfolio of larger, more complex client relationships.
Analyze & monitor Clients’ financial & collateral performance by implementing & maintaining a system of controls and checks & balances.
Maintain knowledge of clients’ financial condition, collateral evaluation, management’s ability & industry trends.
Ensure client is compliant with CIT Policies and Procedures including Client Credit Authorities, Product Guidelines, Industry White Papers and RACs &TMD’s.
Familiarity with and ability to apply and understand CIT’s Compliance procedures to meet government and company regulations and risk profiles.
Coordinate with area operations & audit staff to ensure that clients’ information is accurate, current, complete & presented on a timely basis.
Senior level is an experienced portfolio manager with at least seven years of related experience/A four-year college degree, business or finance required. MBA a plus.