CIT Group Inc.

Director - Treasury Services

US-NJ-Livingston
Job ID
29771
# Positions
1
Job Family
Finance - Treasury - Cash Management
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

Leadership role managing the Treasury Services team responsible for the operational processing of Debt, Investments, Derivatives (FX, Interest Rate Swaps, Caps), and associated collateral.

• Settlement and confirmation processing and control, plus query/issue resolution

• Ensure full segregation of treasury back office functions

• Supports both Corporate Treasury and Capital Markets client and street facing transactions

• Connects the Treasury Trading front office to the accounting and cash operations functions

• Manage the all aspects of daily margin / collateral management

• Responsible for enforcing Operational risk controls to ensure trading activities are conducted using “ best practices” (trade capture, control, and confirms, settlement, and booking etc)

• Manage operational readiness for new product onboarding, and ensure functional groups are ready to support new transactions

• Responsible for Risk & Compliance Oversight (Volcker, Counterparty exposure, Single issuer exposure, Authorized Trader Limit, etc)

• Portfolio reporting and analytics

• Liaise with Legal and external parties on trade agreement management

• Liaise with Controllers on trade reconciliation / error investigation

• Liaise with Legal and  Compliance to review, interpret, and implement trade compliance rules

• Management of a team of 6 Treasury Back Office professionals located in Livingston NJ

Qualifications

• Bachelor’s Degree in business related area, or relevant experience

• 12-15 years of Treasury Operations Experience

• Production and Managerial experience required

• Extensive knowledge of Trade Processing and Treasury Products including Derivatives (FX, Caps, Swaps) and Investments (MBS, Agency, Repos)

• Experience managing operational execution projects including business requirement documentation, testing and production elevation support

• Superior Communications skills

• Knowledge of Blackrock Aladdin, ePAM, Chatham and/or Quantum plus

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