CIT Group Inc.

  • Associate, Treasury - Quantitative Liquidity Risk

    Location US-CA-Pasadena
    Job ID
    # Positions
    Job Family
    Finance - Treasury
  • 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


    The Associate, Treasury will form part of the team working on quantitative liquidity risk management. The liquidity risk role is a first line Treasury function responsible for identifying, quantifying, and managing the liquidity risk of the firm. The Associate will work closely with Corporate Treasury teams, Controllers, Operations, and the broader risk organization to ensure accurate assessment of the firm’s liquidity risk taking. The position will also work closely with the Asset Liability Management Group within Treasury to provide rigorous analytic support for strategic balance sheet management activities.


    Key focus of the position will include:


    • Liquidity Stress Testing - Development of methodologies, risk measurement calculations, and analytics used to identify emerging liquidity risks and develop liquidity risk scenarios
    • Liquidity Risk Limits - Calibration of risk limits, development of liquidity risk appetite tolerance levels, and ongoing monitoring and optimization of limit utilization 
    • Analytics - Measurement, analysis, and reporting of risk measures, development of platforms and tools for risk calculation, and data/information quality controls
    • Governance and Reviews - Engagement with key committees and governing bodies, ongoing evaluation of compliance and key regulatory authorities, and maintenance of key policies, and procedures
    • Other - Active and ongoing engagement with business lines and risk organization to understand, monitor, and govern liquidity risk, as well as direct engagement with senior management regarding material risks, current risk exposures, and limit setting


    • 1-3 years of experience in capital markets, preferably in Treasury, Risk Oversight or Model Validation, with a focus on ALM, cash flow financial instrument modeling (e.g., deposit or prepayment behaviors) or liquidity stress testing
    • Strong academic background in quantitative fields such as statistics, applied mathematics, or computer science. MS or Ph.D. preferred.
    • Understanding of common bank instruments and the factors which influence liquidity and interest rate risk
    • An awareness of liquidity risk modeling and its application in liquidity risk assessment
    • Knowledge of risk management techniques as they relate to bank instruments in general and liquidity risk in particular
    • Interest in financial markets and risk management, motivated by learning and continuous improvement
    • Ability to work independently, form own judgment/opinions, provide insights and drive change
    • Proactive with strong analytical, interpersonal, and communication skills and ability to build relationships with people of all levels of seniority


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