CIT Group Inc.

  • Associate, Treasury - Liquidity

    Location US-NJ-Livingston
    Job ID
    30344
    # Positions
    1
    Job Family
    Finance
    Type
    Full-Time
  • Overview

    Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. 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. For more information, visit cit.com.

    Responsibilities

    Key Responsibilities:

     

    • Provide thought leadership in the design and implementation of strategies for management and measurement of liquidity risk 
    • Maintain thorough understanding of the regulatory requirements regarding liquidity risk; drive appropriate plans and actions to ensure any gaps are addressed on a timely basis
    • Monitor and report on liquidity metrics including cash position and forecast, LCR, NSFR, Internal Liquidity stress testing, etc…
    • Work directly with Business and Corporate leadership teams to ensure a sound understanding of liquidity risks, providing an independent view and value-adding contribution to enhance proactive risk management and establish an effective relationship as a trusted business partner
    • Pro-actively and continuously reassess CIT’s liquidity risk environment and adjust measurement and controls as necessary to ensure a strong framework.
    • Assist in preparation of monthly ALCO materials and development of key communications to committee members
    • Contribute to production of key stress test reporting and methodology enhancements
    • Develop key controls for management reporting and ensure accuracy of data generated

     

    Qualifications

    • Minimum of 3 years of experience in Bank Treasury quantitative role with significant project management expertise and strong communication skills 
    • Demonstrable knowledge and understanding of relevant regulations for a SIFI institution (e.g. Enhanced Prudential Standards) and experience managing regulatory relationships and issues.
    • Has appropriate business liquidity risk experience, including risk measurement, stress testing and reporting
    • Degree in a quantitative discipline such as Finance, Applied Mathematics, etc. or equivalent professional qualifications in risk
    • Excellent written / oral communication skills – in particular, an ability to communicate complex technical ideas to a diverse audience and relate to less market and liquidity risk aware businesses
    • Strong excel modeling skills, VBA experience a plus
    • Ability to multitask and meet aggressive deadlines
    • Excellent organizational skills and attention to detail

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