CIT Group Inc.

Director, Investment Portfolio Trader

US-NY-New York
Job ID
29668
# Positions
1
Job Family
Finance - Treasury
Type
Full-Time

Overview

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.

Responsibilities

  • Source and analyze appropriate credit investments in Corporates, Municipal securities, ABSs, and CMBSs , make purchase and sale recommendations and execute credit investment trades in accordance with approved investment strategy
  • Work with CRM/ERM on proposing and gaining approval for credit portfolio limits and thresholds
  • Responsible for on-going credit investments management and monitoring
  • Generate interest income or gain on sale to meet budget and forecast
  • Assist CIO in managing two VP level personals by overseeing trade execution and reviewing pre-trade analysis and recommendation , and ensuring that required Policy & Procedures, thresholds, and limits are properly implemented, and monitored 
  • Propose enhancements to investment portfolio management reporting for Board\ALCO\senior management and supervise production of reports 
  • Contribute ideas to enhance investment portfolio returns and prudently manage credit investment risks

Qualifications

  • 10+ years of experience in trading fixed income products with focus on Corporates, CMBS, Municipal securities, and ABS for buy side bank portfolios is required.
  • Trading experience in Treasuries, Agency debentures, Agency MBSs, Agency CMOs, and Private Label MBSs and TBAs is preferred.

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