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.
The successful candidate will support the enterprise stress testing processes, focusing on the execution of PPNR Models and credit models in the QRM Risk framework in support of CCAR and DFAST processes. The analyst will interact with different Modeling teams across CIT and CCAR Central office to coordinate the receipt of inputs required to run the QRM Models as well as generating various reports to review the accuracy of the results and provide these results to various review teams. The analyst will also support the market risk oversight process, reviewing the IRR methodologies and Models for specific portfolios