CIT Group Inc.

AVP, CCAR PPNR

US-NJ-Livingston | US-NY-New York
Job ID
29938
# 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.

 

  • Develop and maintain key reports used for the Management analysis of CCAR results
  • Drive the automation of the Capital Plan report creation through efficient and effective reporting techniques
  • Perform and report on analysis related to CIT’s stress test forecasted capital adequacy, loss, and PPNR forecasts
  • Ensuring that LOBs and Central teams understand and complete all stress testing deliverables
  • Preparing senior-level management presentations and regulatory deliverables leveraging data gathered from multiple stakeholders to provide visibility into critical and complex processes
  • Coordinate with the CCAR Working Groups to facilitate ongoing enhancement work as well as review and challenge of the process and results
  • Link key schedules and charts to the Capital Plan document
  • Ability to effectively work with teams located in different national locations
  •  

 

Qualifications

Qualifications:

 

  • Bachelor’s Degree
  • 3+ years of experience in Financial Services and/or financial consulting
  • CCAR or Capital Management related experience, a plus


Competencies:

  • Strong analytical and problem solving skills
  • Strong organizational, multitasking and prioritization skills
  • High attention to detail
  • The ability to work independently
  • Strong written and verbal communication skills with the ability to prepare executive and board level content
  • Competent use of Microsoft Office applications to include: Microsoft Project, Excel, Visio, PowerPoint, Word.
  • Knowledge of RR Donnelley or Workiva, a plus. 

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