CIT Group Inc.

VP, ALM Balance Sheet Modeling

US-NJ-Livingston
Job ID
29774
# 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

  • Maintain data in the monthly QRM model used to create monthly forecasts and monthly metric reporting for IRR, Liquidity and FTP.
  • Develop and prepare various monthly metric reporting tools used to communicate IRR, Liquidity and FTP metrics to senior management in a timely and efficient manner. 
  • Work closely with various lines of business to ensure accuracy modeling assumptions and potential strategic actions. 
  • Actively promote change and help move ALM modeling practices towards "best practice". 
  • Develop tools for data analysis and reporting that assist in improved projections and forecasting of interest income, funds tranfer pricing, and NFM. 
  • Develop and produce monthly financial reports for senior management to explain trends and variance analysis. 
  • Develop and/or refine methodologies using analytical tools, historical data and other appropriate information in a manner consistent with market risk modeling while promoting the desired line of business behavior.  

Qualifications

  • 10+ years experience in ALM or Balance Sheet Management.
  • Advanced degree in statistices, financial engineering, financial modeling, etc.   
  • Mastery in a variety of software applications and languages: QRM, SQL, VBA, Microsoft. 
  • Understanding of theoretical and practical accounting and finance concepts as well as techniquies including discounted cash flow analysis, ROE, economic capital funds transfer pricing, ALM and interest rate risk models, etc. 
  • Prior experience in an ALM role for a Commercial Bank. 
  • Excellent analytical and research skills, ability to interpret financial results and business indicators to identify trends.

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