CIT Group Inc.

Director, Investment Portfolio Trader

Location 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 approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. 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. For more information, visit cit.com.

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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