CIT Group Inc.

VP, CCAR Risk

US-NJ-Livingston | US-NY-New York
Job ID
29920
# Positions
1
Job Family
Finance - Reporting
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

The Central CCAR Office is the group that oversees the management, design, and execution of CIT’s CCAR and stress testing process and submission. The group is focused on establishing standards for best practice, accountability, and a strong capital adequacy process across the various Lines of Business (LOBs) involved. The Central CCAR Office works with a broad range of functions within CIT including key Risk and Finance teams in addition to the LOBs in order to ensure a robust process.

 

  • Help build and develop a risk data and reporting effort within the CCAR Central Office Risk team. 
  • Work to define, source and reconcile risk/loss forecasting data for value added management reporting
  • Mine data sets, both actual and forecasted, for insights that can be gained and socialized with management
  • Create/maintain “dashboard” views and metrics to assist management in digesting and understanding stress test results 
  • Take ownership of defining reporting/analytics views for management, and automate the creation of those reports using SAS/ExcelVBA/PowerPoint , and other tools. 
  • Develop, with shared resources, presentation materials to support Review and Challenge
  • Assist with the development and preparation of the Capital Plan document (Data tables/graphs/charts)
  • Review and stay informed on risk related of the FR Y14 reporting instructions published by the FRB, including FAQs

Qualifications

  • 7+ years of experience in data management and/or reporting within the financial services industry (or consulting thereto) with 3+ years of experience with credit risk data
  • Business Intelligence/Dashboard reporting experience highly preferred
  • Serviceable coding skills required to source/reconcile/format data (SAS/SQL/VBA or similar) required
  • QRM Experience a huge plus
  • Working knowledge of regulatory landscape (e.g. CCAR, DFAST, Basel III), a plus
  • Working knowledge of middle market banking practices, a plus
  • Ability to manage complex problems in tight timelines and to handle competing priorities
  • Excellent organizational, oral and written communication skills with the ability to effectively present to senior management and regulators preferred
  • Superior relationship management skills including ability to collaborate with multiple business partners in other functions (e.g. Finance, Risk, Data, Line of business owners)
  • Team player with ability to manage projects independently with minimal supervision and guidance and to work effectively with diverse teams

 

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