CIT Group Inc.

VP, CCAR Reporting

US-NJ-Livingston | US-NY-New York
Job ID
29921
# 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.

 

  • Financial reporting and analysis – analyze, update, automate key reports, files and spreadsheets used in production of forecasting and analysis.
  • Experience in process improvement assessments / implementations
  • Support ad hoc projects to further enhance and improve the overall CCAR program, given either internal changes related to the CCAR process and/or regulatory requirements issued by the Federal Reserve and/or OCC
  • Strong analytical and problem-solving skills
  • Strong Excel and Powerpoint skills
  • Monitor end report on regulator rules concerning capital planning and stress testing.
  • Develop presentation materials for senior management

Qualifications

  • 10+ years of experience in consulting and/or the financial services industry with 3+ years of regulatory reporting experience
  • Primary responsibility: Production and quality assurance of Y-14A regulatory reporting and supporting documentation. 
  • Working knowledge of regulatory landscape (e.g. CCAR, DFAST, Basel III)
  • 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

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed